Cryptocurrency prices also witnessed a drop on Friday. Bitcoin, the world’s most popular cryptocurrency, is trading down around 2.98%.
Bitcoin, Ethereum and Dogecoin fall again, Shiba Inu down 11%
Cryptocurrency prices also witnessed a drop on Friday. Bitcoin, the world’s largest and most popular cryptocurrency, is trading down 7.7% at $21,968. At the same time, Ether prices also saw a 5% drop. According to CoinMarketCap, the global crypto market cap was above $1 trillion on Friday. But over the past 24 hours, the global crypto market remained flat at $1.05 trillion, down 5.92% from Thursday’s level of $1.09 trillion.
Shiba Inu has a strong downtrend
The price of the Shiba Inu is down by about 11% in the last 24 hours. Whereas on Friday, BNB was also trading with a fall of 4.7 percent. Most of the digital currencies have been trading in a downtrend during the last 24 hours. Solona has lost 6.13% and Ripple 4.40% in the last 24 hours.
Ether and Dogecoin continue to decline
The Ether price of the Ethereum blockchain, the world’s second largest and most popular cryptocurrency, fell 5% on Friday. Ether was trading at $1,753 on Friday. Ether climbed above $2,000 on Saturday for the first time since May 31. At the same time, the price of Dogecoin has also decreased by 9.34% in the last 24 hours.
The ups and downs shown since the beginning of 2022
The crypto market has seen a decline in May and June. Rising inflation and interest rate hikes by the US Federal Reserve have dampened investor sentiment. Recently, some cryptocurrency lenders banned their customers from withdrawing the digital currency. But, in the month of July, the prices started increasing. Bitcoin was trading with a gain of 17 per cent in July.