Crypto Price Today; Bitcoin, ether, dogecoin continue to decline. Latest prices here

[ad_1]

Cryptocurrency prices continued to decline today, with Bitcoin prices falling more than 2% to $ 31,590.8. The world’s largest cryptocurrency has been stuck in a range between $ 30,000 and $ 40,000 for months after hitting its all-time high of nearly $ 65,000.

According to CoinDesk, ether, the coin linked to the ethereum blockchain, fell 5% to $ 1,882. Dogecoin, on the other hand, fell more than 7% to $ 0.17, while other digital tokens like Cardano, XRP, Litecoin also fell 3-8% in the past 24 hours.

Bitcoin has suffered many setbacks in recent times, including China’s regulatory crackdown, in part because of concerns about the high energy consumption of crypto miners and the progress of central bank digital currency projects that could overwrite private parts. The price of bitcoin has halved from a record three months ago.

The creator of the Dogecoin meme token recently lambasted crypto as essentially being a sham, and the appetite for speculation is generally on the decline. In a series of tweets, Jackson Palmer wrote harsh words about cryptocurrency.

Dogecoin Co-Founder wrote: “After years of study, I think cryptocurrency is inherently right-wing hyper-capitalist technology designed primarily to amplify the wealth of its supporters through a combination of tax evasion , diminished regulatory oversight and artificially forced scarcity “.

In another piece of news, a unit of SoftBank Group Corp. has agreed to invest $ 75 million in Bullish, the sponsor of a cryptocurrency exchange not yet operational, as the startup prepares to go public through a merger with a specialist acquisition company , Bloomberg reported. .

(With contributions from agencies)

Subscribe to mint newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!

The subjects

[ad_2]