Cryptocurrency price

Cryptocurrency Price History: Bitcoin, Ether Down 5% As Weakness Takes Virtual Currencies

The world’s most popular virtual currency, Bitcoin, was down almost 5% by 12:30 p.m. The value of digital currency has eroded by $ 3,000 after hitting 40,500 earlier this week. Bitcoin’s closest rival, Ether, was also down 5% from its value 24 hours ago and is currently trading below $ 2,400. Check out the latest prices and trends.

Bitcoin’s value has declined after crossing $ 40,000 earlier this week. (Photo: Reuters / Representative image)

Cryptocurrencies were trading weaker on Friday, with the value of popular digital coins continuing to decline after Thursday’s drop.

The world’s most popular virtual currency, Bitcoin, was down almost 5% by 12:30 p.m. The value of digital currency has eroded by $ 3,000 after hitting 40,500 earlier this week. Bitcoin’s closest rival, Ether, was also down 5% from its value 24 hours ago and is currently trading below $ 2,400.

All other popular cryptocurrencies such as Cardano, Dogecoin, Stellar, Polkadot, Chainlink, and Litecoin were trading at least 3% less.

Cryptocurrency Highlights: Check Yesterday’s Prices and Trends

The new cryptocurrency weakness comes after online broker Futu Holdings said yesterday it had restricted services related to CME cryptocurrency futures in mainland China due to the regulatory environment.

“Futu has decided to restrict services related to (CME) crypto futures in mainland China,” the company said in a statement.

A sharp rise in the valuation of the US dollar has also weakened the value of cryptocurrencies at this time. The dollar jumped to a two-month high after the US Federal Reserve’s projected rate hike.

Another development that appears to have had an impact on cryptocurrency prices is the decision taken by US regulators regarding Bitcoin ETF.

The Securities and Exchange Commission has said in a regulatory filing that it will seek further public comment on a proposed listing of the product on Cboe Global Markets Inc.

The development demanded sentiments from Bitcoin investors, who were frustrated by the agency’s reluctance to approve a Bitcoin ETF. They believe this move could help Bitcoin become a common asset among institutional investors.

Here are the latest prices and trends for popular cryptocurrencies:

Cryptocurrency

Price (US dollar)

24 hour change

Market capitalization (Billions)

Volume (24 hours)

Bitcoin

37,711.57

-4.06%

$ 706.61

$ 36.28 billion

Ether

2 339.59

-4.67%

$ 272.21

$ 25.19 billion

Dogecoin

0.302713

-3.50%

$ 39.33

$ 1.65 billion

Litecoin

172.05

-1.59%

$ 11.68

$ 2.95 million

XRP (Ripple)

0.839420

-2.26%

$ 83.97

$ 1.60 million

Cardano

1.48

-3.45%

$ 47.68

$ 5.41 million

DISCLAIMER: Cryptocurrency prices were updated at 12:55 pm and will change throughout the day. The list is meant to give a rough idea of ​​popular cryptocurrency trends and will be updated daily.)

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