Friday, October 7, 2022

Bitcoin and Ether fall for the fifth consecutive day, Dogecoin 5% and Shiba Inu fell 9%

Bitcoin, the world’s largest and most popular cryptocurrency, is trading at $23,428, down nearly 3%. At the same time, ether prices also saw a fall of 2%.

The prices of cryptocurrencies continued to fall on Thursday as well. This is the fifth day in a row that the prices of Bitcoin and Ether have declined. Bitcoin, the world’s largest and most popular cryptocurrency, is trading at $23,428, down nearly 3%. At the same time, ether prices also saw a fall of 2%. According to CoinGecko, the global crypto market cap topped one trillion dollars on Thursday. But in the last 24 hours, the global crypto market remained flat at the $1.17 trillion mark, down 2%.

Ether prices also fell by 3%

The Ether price of the Ethereum blockchain, the world’s second largest and popular cryptocurrency, fell by 3% on Thursday. Ether is trading at $1,849 on Thursday. Ether went above $2,000 on Saturday for the first time since May 31.

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Dogecoin and many more currencies fell in price

Dogecoin prices also saw a fall on Thursday. Dogecoin’s price fell 5% on Thursday to $0.08. At the same time, the price of Shiba Inu was also trading down by 9% at $0.000015. Many more digital currencies including XRP, Solona, ​​BNB, Litecoin, Chainlink, Tether, Polkadot, Stellar, Polygon also saw a decline in the last 24 hours.

The ups and downs shown since the beginning of 2022

The crypto market has been a victim of decline in the month of May and June. Investors remained sluggish due to increased inflation around the world and a hike in interest rates by the US Federal Reserve. Because of this fear, some cryptocurrency lenders had barred their customers from withdrawing the digital currency. But, in the month of July, the prices started increasing. In July, bitcoin was trading at a gain of 17%.

Monesh Kumar
Monesh Kumar
Monesh Kumar is a cryptocurrency and blockchain enthusiast. He trades cryptocurrencies and holds some but he prefers holding Bitcoin, Ethereum & Cardano.

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