Cryptocurrency prices today: Bitcoin, ether, dogecoin fall while Chainlink, Polkadot surge

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In cryp­tocur­ren­cies, the world’s largest and most pop­u­lar dig­i­tal token Bit­coin’s price today was trad­ing more than 2% low­er at $20,644. The glob­al cryp­to mar­ket cap today remained above the $1 tril­lion mark, even as it was almost flat in the last 24 hours at $1.07 tril­lion, as per CoinGecko. 

On the oth­er hand, Ether, the coin linked to the ethereum blockchain and the sec­ond largest cryp­tocur­ren­cy, also dipped by over a per cent to $1,573. Mean­while, doge­coin price today was trad­ing near­ly 5% low­er at $0.11 where­as Shi­ba Inu was also about 2% low­er to $0.000011.

“Bit­coin has returned to a bear­ish zone as it trades below the $21,000 lev­el. BTC has been down by near­ly 2% since the pre­vi­ous day due to low vol­ume. If buy­ers can seize the ini­tia­tive above the cur­rent lev­el, we might see it reach the $21,000 mark, or we might see it fall to the $20,400 lev­el. On the oth­er hand, Ethereum has lost the $1,600 mark, with bears becom­ing more active in the mar­ket. If bears con­tin­ue to rise, there are chances of ETH break­ing out below the $1,500 lev­el, tak­ing the cryp­to towards the $1,400 zone by the end of the month,” said Edul Patel, CEO and Co-founder, Mudrex.

Oth­er cryp­to prices’ today per­for­mance also declined as Binance USD, Avalanche, Solana, Teth­er, XRP, Ter­ra, Tron, Lite­coin, Uniswap, ApeCoin, Poly­gon, Car­dano, Stel­lar prices were trad­ing with cuts over the last 24 hours where­as Chain­link, Polka­dot gained.

The mar­ket val­ue of out­stand­ing cryp­tocur­ren­cies has plunged by more than half this year as the Fed­er­al Reserve raised inter­est rates, pulling back the flood of pan­dem­ic-era stim­u­lus that fueled a steep run up in the price of risky assets. Investors’ inter­est in spec­u­lat­ing in the tokens has dimmed since prices tum­bled sharply from their peak.

After surg­ing to an all-time high of almost $69,000 in Novem­ber last year, Bit­coin’s price has been trad­ing in a nar­row range of around $20,000 since June this year.

(With inputs from agencies)

The views and rec­om­men­da­tions made above are those of indi­vid­ual ana­lysts or broking com­pa­nies, and not of Mint.

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