Cryptocurrency prices today: Bitcoin, Ether, Dogecoin, Solana, other cryptos fall

cnbctv18.com:

Most cryptocurrencies tumbled on Thursday, with Bitcoin, world’s largest virtual currency by market capitalization, falling below $37,000 amid expectations of tightening monetary policy in the US.Bitcoin fell 4.46 percent to $36,869.16 at 9:20 am (IST), after breaching the $39,000 level for the first time in two weeks on Tuesday (February 1), according to CoinDesk data.

The cryptocurrency had traded at nearly $47,000 level on January 3.Bitcoin, which had hit an all-time high of near $69,000 hit in November 2021, shed over 20 percent in 2022.Second-largest cryptocurrency Ether, which is linked to ethereum blockchain, also plunged more than 4 percent to $2,656.26, as per CoinDesk.Solana, which witnessed substantial interest from the crypto traders last year, fell nearly 12 percent to trade at $97.86 at 9:33 am.Also Read:Blockchain bridge Wormhole loses nearly $320 million in apparent crypto hackMeme crypto Dogecoin also fell nearly 4 percent to $0.14 whereas Shiba Inu, which has fallen constantly since October 28, was trading more than 5 percent lower at $0.000021.Also Read: Sensex slips over 250 points, Nifty below 17,750; HDFC, Infosys, Bajaj Finance top losersOther cryptocurrencies such as Litcoin, Cosmos, Stellar, XRP, Chainlink, Avalanche, Cardano, Polygon, Terra, prices were trading in the red over the past 24 hours.Meanwhile, finance minister Nirmala Sitharaman in the Union Budget announced 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.Also Read: US stock markets closing: How S&P 500, Dow Jones, Nasdaq, Russell 2000 fared on WednesdayFinance Secretary TV Somanathan on Wednesday said India's digital currency will be backed by the Reserve Bank of India