Cryptocurrency Price Today: New rates of cryptocurrencies implemented from today around the world, see the list here.
Cryptocurrency Price: After the Executive Order on Crypto by US President Joe Biden, the cryptocurrency market is seeing a decline. The price of bitcoin, the world’s largest cryptocurrency, has fallen below $39,000.
The reason for the big fall in Cryptocurrency Price today is also due to Inflation Data and continuous Geopolitical Tension. Whose effect has also been seen in the stock market. Let us also tell you how much the price of bitcoin and other major cryptocurrencies of the world has become today.
Cryptocurrency Price Bitcoin Price Below $39000:
The price of bitcoin was trading at $38,655, down 5 percent today. The world’s most popular and largest cryptocurrency is down about 16 percent so far in 2022. On the other hand the global cryptocurrency Cryptocurrency Price Today market cap has come down to $1.81 trillion. The market cap has seen a change of more than 5% in the last 24 hours.
How did Cryptocurrency Price perform for other currencies:
Ethereum Cryptocurrency Price, the world’s second largest cryptocurrency, has fallen more than 4 percent to $2,567 today. Dogecoin price fell more than 3 per cent to $0.11 while the Shiba Inu was trading 4 per cent lower at $0.000022.
Avalanche, Cardano, Litecoin declined in price as other digital tokens declined, while Stellar, XRP, Uniswap, Solana, Polygon, Polkadot were trading with cuts in the range of 3-8 per cent, however, Terra was more with benefits.
Cryptocurrency Price Today
Effect of Cryptocurrency Price Inflation and Geopolitical Tension:
US stocks and other risky assets were under pressure after US inflation hit a 40-year high. The recent volatility in cryptocurrencies comes amid a broad market sell-off amid rising geopolitical tensions due to the Russia-Ukraine crisis.
On the other hand, the Fed has also indicated to increase interest rates to control inflation, due to which the Fed can increase interest rates up to 7 times in the coming days. Cryptocurrency Price Today