Cryptocurrency update: Bitcoin and other cryptos decline in value; all you need to know
Bitcoin has lost more than $22,000 since it hit a record high in November and is currently up about 60 percent, year-to-date
Cryptocurrency Bitcoin has continued its slump, losing more ground to make December its worst performance since May this year. The total market cap of the biggest digital token fell to $46,640, marking a loss of nearly 3 percent, as per a Live Mint report.
Bitcoin has lost more than $22,000 since it hit a record high in November and is currently up about 60 percent, year-to-date.
The global crypto market capitalization has gone down to $2.18 trillion, as per CoinMarketCap.
As per CoinMarketCap, the value of Bitcoin has fallen by 3.37 percent in the last seven days, taking its price to $46,766.55 as of 11:30 am. While the currency is witnessing a fall right now, exchange-traded fund (ETF) investors are still moving towards products that track digital tokens' futures. According to data from Bloomberg, the ProShares Bitcoin Strategy ETF had taken in over 40 million so far this month.
The value of Ethereum, the second-largest digital token, has also witnessed a fall, with the currency declining 3.50 percent in the last 24 hours. Ether is currently valued at $3,672.19, with a fall of 7.42 percent in its value over the past week.
Moreover, Tether has seen a fall of 0.01 percent in the last 24 hours and is currently valued at $1.00. Solana fell by 3.20 percent to $171.11 while Cardano declined by 6.32 percent in the last 24 hours to $1.32.
Dogecoin and Shibu Ina have also seen losses, with Dogecoin falling by 2.93 percent to $0.1704. Shibu Ina declined by 6.05 percent in the last 24 hours to $0.00003358.
XRP fell by 3.17 percent in the last 24 hours to $0.8281. Binance Coin incurred losses of 3.91 percent in the last 24 hours to fall to $515.33.
USD Coin rose by 0.02 percent in the past 24 hours to reach $1.00. The digital token has witnessed a rise of 0.11 percent in the last seven days.
Terra Luna fell by 4.77 percent to $82.66. Polkadot also witnessed losses of 4.68 percent in the last 24 hours, declining to $ 26.91. The digital token Avalanche also fell by 6.80 percent in the last hours to $101.34.
Small investors who piled into cryptocurrencies on FTX, BlockFi, and other platforms were well aware of bitcoin's volatility and large price swings. But what has come as a big surprise is that the firms where they deposited their money lacked the basic protections offered by a brokerage or a bank
The owners of a cryptocurrency firm called Elon Goat Token have spent a whopping $600,000 on a sculpture of Elon Musk that shows his head attached to the body of a goat, wearing a Dogecoin necklace and riding a rocket. It is intended to convey that the billionaire is the Greatest Of All Time (GOAT)
Delhi: Hackers demand Rs 200 crore in cryptocurrency from AIIMS as server remains down for sixth day
Sources told PTI that internet services are blocked on computers at the hospital on the recommendations of the investigating agencies. The AIIMS server has stored data of several VIPs, including former prime ministers, ministers, bureaucrats and judges