Bitcoin, ether gain while dogecoin goes down. Check the latest crypto prices

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In cryptocurrencies, Bitcoin, ether prices were trading with gains today, but dogecoin was trading slightly lower. According to data from CoinDesk, the world’s largest cryptocurrency by market cap rose more than 1% to $ 34,240. Ether, the coin linked to the Ethereum blockchain jumped more than 4% to $ 2,324. Dogecoin and Cardano were trading slightly lower at $ 0.23 and $ 1.42 respectively.

Bitcoin is up over 17% this year while Ether, the second largest cryptocurrency is 212% year-to-date (YTD), according to data from CoinDesk. Bitcoin has been stuck in a range of around $ 30,000 to $ 40,000 for weeks after dropping from its high of almost $ 65,000 reached in mid-April.

Cryptocurrencies have fluctuated after the Chinese central bank and a regulator in the capital took action against a company that allegedly provides cryptocurrency-related services. Financial and payment institutions should not directly or indirectly provide services related to virtual currency, the PBOC and the Beijing regulator said in a statement. He named marketing, promotion and display, and tracking among the prohibited activities.

China has focused more on the cryptocurrency industry, adding restrictions on mining, trading and other services, as well as issuing warnings to entities such as banks that could facilitate such transactions. Many miners have closed their doors or are trying to leave the country, and mining measures have shown a decrease in activity.

In another news, the Binance cryptocurrency exchange will suspend euro bank deposits from one of Europe’s major payment networks, the Financial Times reported on Tuesday, citing an email sent to users by the exchange.

He said that from 8 a.m. Coordinated Universal Time, customers would no longer be able to deposit funds through the systems of the Single Euro Payments Area, or Sepa, according to the newspaper. The move was due to “events beyond our control,” the exchange said in the email cited by the FT, Reuters reported.

(With contributions from agencies)

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