In cryptocurrencies, Bitcoin Today's prices continued to trade below the $ 47,000 level. The world's largest and most popular digital token by market cap was trading marginally lower at $ 46,325. The digital token is down around 0.7% in the last four sessions.
Bitcoin advanced around 60% last year, after hitting a record high of nearly $ 69,000 in November, after which it has had a rough time. It has increased more than 4,700% since 2016.
Ether, the ethereum blockchain-linked currency and the second-largest cryptocurrency, is up nearly 2% to $ 3,806, according to CoinDesk. On the other hand, Dogecoin prices also fell more than 0.2% to $ 0.16, while Shiba Inu was down 0.6% to $ 0.000033. Meanwhile, Binance Coin rose marginally to $ 511.
Meanwhile, other digital tokens mixed with Solana, Polygon, Uniswap, Stellar trading with haircuts, while Cardano, XRP, Tether, Litecoin gained in the last 24 hours. The global cryptocurrency market capitalization, led by mixed performance in cryptocurrencies, was nearly flat at $ 2.35 trillion, according to CoinGecko.
Cryptocurrencies have been on a wild ride in recent months. Bitcoin, famous for its volatility, has entered the new year and this week is trading below its average price for the last 200 sessions. The digital token will continue to take gold market share as part of a broader adoption of digital assets, making the often touted price prediction of $ 100,000 by proponents a possibility, according to Goldman Sachs Group, as reported. by Bloomberg.
(With inputs from agencies)
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