Cryptocurrency Prices Today: Bitcoin, Ether Fall While Dogecoin, Shiba Inu Rise

In cryptocurrencies, the price of bitcoin has dropped below $20,000 today. Bitcoin, the world’s largest and most popular cryptocurrency, is down more than 2% and is trading at $19,847. According to CoinGecko, the global cryptocurrency market cap was below $1 trillion today, as it fell more than 2% to $942 billion in the past 24 hours.

On the other hand, Ether, the coin and the second largest cryptocurrency tied to the Ethereum blockchain, fell more than 2% to $1,113. Meanwhile, Dogecoin price was trading up almost one percent at $0.06 today while the Shiba Inu rose more than one percent to $0.0000010.

Today’s performance of other crypto prices as XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Uniswap, Tether were mixed, while Polygon, Epcoin, Avalanche, Polkadot slipped prices with gains in the last 24 hours. were doing business.

The cryptocurrency industry has been rocked by several collapses in recent months, including the failure of the so-called stablecoin TeraUSD, the withdrawal of large US-based lender Celsius Network, and Singapore-based crypto hedge fund Three Arrows Capital entering into liquidation.

Bitcoin, the largest and best-known cryptocurrency, is down 58% in the first six months of 2022, marking its worst first half of the year as the digital asset struggled as US-based lender Celsius Network said this month that it would withdraw. will be suspended.

Crypto exchange Bitstamp plans to charge monthly “inactivity fees” for some users, as a market downturn weighs on trade volume in the industry. The fee, 10 euros ($10.27) per month, will apply to accounts that have not traded, deposited, withdrawn or staked assets for one year with a total balance of less than 200 euros as of August 1.

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In another news. A top crypto miner, Core Scientific Inc., sold the bulk of its bitcoin holdings in June as a steep plunge in the digital asset squeezed finances even for industry leaders.

According to the company’s monthly update, Core Scientific sold 7,202 minted coins last month for $167 million, leading to a 79% drop in bitcoin holdings on its balance sheet. Bloomberg reported that the Austin, Texas-based company now has 1,959 coins.

(with inputs from agencies)

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