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Cryptocurrency prices today plunge. Bitcoin below $48,000, dogecoin, Shiba Inu fall over 5%
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Bitcoin extended losses, deepening its December decline with the world's most popular and largest cryptocurrency by market capitalization trading 5% lower to $47,912, after it slid below $50,000 mark on Tuesday. Bitcoin, famed for its volatility, has shed more than $21,000 since hitting a record in early November, and is up around 64% in 2021 (year-to-date or YTD).
Meanwhile, Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, declined more than 5% to $3,820. On the other hand, Dogecoin prices also slipped around 5% to $0.14 whereas Shiba Inu also plunged 6% to $0.000035.
The plunge likely accelerated as more than 165,000 traders had their accounts liquidated over the past 24 hours, equal to around $524
Read more on livemint.comAbout this in other media
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