Bitcoin, ether, other crypto prices today fall while Uniswap, Polkadot gain
In cryptocurrencies, the world's largest and most popular digital token Bitcoin's price today slipped below the $17,000 mark was trading more than a per cent lower at $16,928. The global cryptocurrency market cap today remained below the $1 trillion mark, as it was down over a per cent in the last 24 hours to $887 billion, as per the data by CoinGecko.
The value of bitcoin peaked at nearly $69,000 in November 2021 before falling to around $17,000 by mid-June 2022, where it is still hovering now.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also fell by nearly a per cent to $1,273. Meanwhile, dogecoin price today was trading more than 5% lower at $0.09 whereas Shiba Inu was down over a per cent at $0.000009.
“Bitcoin traded sideways in the past 24 hours as the market reacted to the Fed’s policies. After collapsing in mid-November, BTC’s price is now back to the $17,000 level. However, BTC is trading below its annual minimum peak of $17,500 in June. If bulls can move above the $17,500 holding on to it, we could see BTC at the $18,000 level soon. On the other hand, Ethereum was seen changing hands above the $1,270 level. The next target for ETH bulls would be at the $1,350 level," said Edul Patel, CEO and Co-founder, Mudrex.
Other crypto prices' today performance were mixed as Binance USD, Avalanche, Tether, Terra, Solana, Tron, Polygon, ApeCoin, Litecoin, Stellar, XRP, Cardano prices were trading with cuts over the last 24 hours whereas Uniswap, Polkadot, Chainlink gained.
A leading US financial regulator has urged lawmakers to act quickly to install a regulatory framework for digital assets following the spectacular collapse of cryptocurrency exchange FTX,
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