Bitcoin, ether, dogecoin fall, cardano wins. Latest prices here

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In cryptocurrencies, Bitcoin prices plunged today as the world’s largest cryptocurrency by market cap traded more than 2% to $ 44,962 after climbing to $ 46,233 in the in the last 24 hours. Bitcoin prices have increased by more than 53% this year (year to date or year to date) amid volatility.

Ether, the coin linked to the ethereum blockchain, fell almost 4% to $ 3,109, while dogecoin fell more than 7% to $ 0.26. Other digital coins such as XRP, Litecoin, Stellar have also fallen over 4-6% in the past 24 hours, while Cardano has risen 1% to $ 1.8, according to CoinDesk.

The cryptocurrency industry is again in sight of a market value of $ 2 trillion, a level last seen in May, but further gains meet hurdle over new tax reporting requirements potential Americans, Bloomberg reported. The value of more than 8,800 tokens tracked by CoinGecko rose 55% to $ 1.95 trillion from its July low, helped by rallies in Bitcoin and Ether.

The crypto industry has not adjusted tax reporting rules, which are expected to generate around $ 28 billion in revenue, despite heavy pressure from lobbyists, and procedural issues could hamper efforts to change the provision when the House of Representatives will pass the bill. The Bulls remain fearless, with $ 100,000 forecast for Bitcoin flying after its latest comeback.

Prior to the rebound of the past three weeks, the crypto industry had been plagued by a crackdown in China and concerns about the environmental impact of the energy required to create coins and process transactions. Supportive comments from billionaire Elon Musk and Ark Investment Management LLC firm Cathie Wood helped Bitcoin rally.

Meanwhile, a theft of $ 610 million from the burgeoning decentralized financial sector highlights current security risks. The hackers returned about half of the money.

(With contributions from agencies)

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