Bitcoin, ether, dogecoin, Shiba Inu, other cryptos are plunging today. View cryptocurrency prices

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Cryptocurrency prices plunged Bitcoin trading today below $ 63,000. The world’s most popular and largest cryptocurrency by market cap has plunged more than 6% to $ 62,054. Bitcoin, which recently hit an all-time high of around $ 69,000, has grown over 114% this year (year-to-date or year-to-date) so far.

Ether, the coin linked to the ethereum blockchain and the second largest crypto, also fell more than 6% to $ 4,400. Ether hit an all-time high, catching up with the bitcoin rally and benefiting from the news of wider blockchain adoption.

The price of Dogecoin fell more than 4% to $ 0.25, while Shiba Inu fell more than 2% to $ 0.00051, according to CoinDesk. The performance of other cryptocurrencies such as Litecoin, XRP, Polkadot, Uniswap, Stellar, Cardano, Solana have also traded with reductions in the past 24 hours.

Meanwhile, Bitcoin underwent a major upgrade on Sunday that allows its blockchain to perform more complex transactions, potentially expanding the use cases for virtual currency and making it a bit more competitive with Ethereum for processing. smart contracts.

The improvement, called Taproot, is the most significant change to the bitcoin protocol since changing the capacity of the SegWit (Segregated Witness) block in 2017. SegWit has effectively increased the number of transactions that can fit in a block by extracting data from it. bitcoin transaction signatures.

Bitcoin’s run has been volatile as the most popular digital token plunged below $ 30,000 in June amid criticism of its energy use and China’s crackdown on cryptocurrency. It then started to recover in part as the crypto industry adjusted to China’s edges.

(With contributions from agencies)

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