The global crypto market capitalization also saw a 7.10 percent drop in the last 24 hours and is currently at $ 2.66 trillion.
Cryptocurrency prices on the morning of Tuesday, November 16 were mixed. While Bitcoin, Ethereum, and Dogecoin all witnessed a drop in value until 9:35 am today, Tether witnessed gains.
the global crypto market capitalization it also posted a 7.10 percent drop in the last 24 hours and currently stands at $ 2.66 trillion.
In terms of price, the value of Bitcoin fell to $ 61,111.26, witnessing a 6.99 percent decline in the last 24 hours. The token fell to a record low this year, dropping below $ 30,000 in June, but returned later. The digital token has grown tremendously in recent months, so far by more than 114 percent so far this year.
Ethereum, the second-largest digital token, also saw a drop in value, dropping 7.86 percent in the past 24 hours to $ 4,320.33. But the coin is also experiencing an all-time high due to the rise of Bitcoin and the widespread adoption of cryptocurrencies.
Dogecoin also witnessed a drop in value just like Shibu Ina. Digital tokens fell 5.66 percent to $ 0.2474 and 4.75 percent to $ 0.00004994 respectively.
Meanwhile, Cardano's value fell to $ 1.93, down 5.63 percent. XRP also fell 6.88 percent to $ 1.13.
Tether is up 0.09 percent at $ 1 in the past 24 hours. The value of the digital currency has risen 0.03 percent in the last seven days.
Binance Coin also fell 7.23 percent in the last 24 hours to $ 607.23, and the digital token saw a 6.41 percent decline.
The Solana digital currency also fell 7.47 percent to $ 225.99 in the past 24 hours.
In other news, Bitcoin underwent a major update on November 14 that allows the execution of more complex transactions through its blockchain. The update makes the token more competitive with Ethereum and has the potential to expand the use of the cryptocurrency.
