Cryptocurrency prices today plunged with Bitcoin trading below the $49,000 level on Monday after a brutal weekend in which the price of the world's largest and most popular digital token at one point lost over one fifth of its value. Bitcoin price slipped 3% today to $48,130. Similarly, ether and other cryptos also declined. Global crypto market cap cracked 5% to $2.33 trillion, as per CoinGecko.
Ether price fell over 4% to $4,062 whereas dogecoin slipped over 6% to $0.16 and Shiba Inu plummeted more than 8% to $0.000034. On the other hand, Litecoin, XRP, Polkadot, Uniswap, Cardano, Solana, Polygon were also trading with cuts over the last 24 hours.
The swings in cryptocurrencies come amid a volatile period for financial markets. Spiking
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