Cryptocurrency Prices Today: Today the crypto market was seen trading on the green mark with an increase
Cryptocurrency Prices Today: Today the crypto market was seen trading on the green mark with an increase. The price of bitcoin crossed $42,000 in the cryptocurrency market. The digital token was seen trading up over 3% at $42,263.
The world’s largest and most popular cryptocurrency is down nearly 10% (Year-to-Day or YTD) so far in 2022. It is trailing nearly 30% from its all-time high of $69,000 in November last year.
On the other hand, Ether, the coin tied to the Ethereum blockchain and the second largest cryptocurrency in terms of market capitalization, also gained more than 6% to $3,024. Dogecoin price rose nearly 3% to $0.12 while Shiba Inu was trading up more than 4% at $0.0000024.
Cryptocurrencies like Polygon, Litecoin, Stellar, Terra, Uniswap, Solana, Polygon, Polkadot, Cardano have also corrected in the last 24 hours. According to CoinGecko, the market capitalization of global cryptocurrencies increased from $1.98 trillion to slightly below $2 trillion. There has been a change of more than 2% in the last 24 hours.
Cryptocurrency investment products and funds have seen outflows for the second week in a row, digital asset manager CoinShares reported on Monday. After experiencing an outflow of $110 million last week, the sector saw a net outflow of 47 million for the week ended March 18.
The cryptocurrency market has fallen for the same reasons that the US stock market has fallen. The recent volatility in cryptocurrencies comes amid a broad market sell-off amid rising geopolitical tensions due to the Russia-Ukraine crisis.
