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In the world of cryptocurrencies, the price of Bitcoin fell today, with the world’s largest and most popular digital asset trading practically flat with a negative bias at $16,829. The largest token has dropped by three-quarters from its all-time high of $69,000.
Ether, the second largest cryptocurrency and the token tied to the ethereum blockchain, was practically unchanged at $1,213. Meanwhile, the price of dogecoin today was nearly a percent higher at $0.07, while Shiba Inu was down at $0.000008.
According to CoinGecko data, the worldwide cryptocurrency market valuation today stayed below $1 trillion, remaining practically steady in the last 24 hours at $845 billion.
Other crypto values’ performance today was varied, with Binance USD, Avalanche, Tether, Terra, Solana, Polygon, Stellar, XRP, Cardano, Litecoin, and Polkadot prices trading lower over the last 24 hours and Chainlink, ApeCoin, Tron, and Uniswap prices trading higher.
After reaching record highs late last year, cryptocurrency has had a rough 2022, buffeted by everything from the Fed’s policy tightening to the implosion of the Terra/Luna ecosystem, hedge funds Three Arrows Capital, and exchange FTX.
Meme coins, which are frequently regarded as unpredictable and hazardous investments, remained among the top picks for Indian retail cryptocurrency investors in 2022. According to a research by crypto exchange CoinSwitch, meme coins accounted for two of the top four most-held crypto assets in India. Bitcoin was the most popular cryptocurrency, followed by Dogecoin, Ethereum, and Shiba-Inu.
