In cryptocurrencies, Bitcoin was priced above $50,000, despite the world’s largest and most popular cryptocurrency by market capitalization falling 0.6% to $50,180. Bitcoin, famous for its volatility, has lost more than $18,000 since it hit a record in early November but is still over 75% this year (year to date).
Meanwhile, Ether, the Ethereum-related blockchain currency and second largest cryptocurrency, was trading one percent lower at $4,013. On the flip side, Dogecoin prices fell more than 2% to $0.18 while Shiba Inu also slumped 0.7% to $0.000038.
Other digital tokens such as Solana, Polygon, Litecoin, Terra, XRP, Polkadot, Stellar have also been traded with cuts in the past 24 hours. Cardona grew by more than 3%, while Uniswap grew by more than 4%. $2.49 trillion, according to CoinGecko.
As a very successful year for cryptocurrencies draws to a close, some of the smaller coins have a moment. Many altcoins have had spectacular runs this year as they gained momentum. Coins like Dogecoin, Cardano and Shiba Inu, which were previously banned in the majority. The speculative corners of the market have become known this year.
Cryptocurrency prices jumped on another roller coaster last year: they rose, fell, and then circulated again El Salvador became the first country to convert bitcoin into legal tender this year, while the first associated exchange-traded fund, bitcoin futures, also started trading.
