Cryptocurrency prices continued to trade in red on Saturday with Bitcoin slipping 0.2% today to $48,244.79. The world’s most popular digital fell 10% in the past seven days. Similarly, other cryptocurrencies such as Ethereum, Polkadot, Dogecoin, Shiba Inu also plunged on Saturday, according to data by Coingecko.com
Ether price fell 0.8% to $3,985.75 whereas Dogecoin slipped over 0.2% to $0.166278 and Shiba Inu plummeted more than 0.6% to $0.000034. On the other hand, Litecoin, XRP, Uniswap, Cardano, Solana, Polygon were also trading with cuts over the last 24 hours.
Bitcoin and Ether prices on Friday, December 10, continued to fall amid profit booking from investors. Crypto traders on the day remained cautious ahead of the key economic data, making Bitcoin price today scale the $48,000 mark. The global crypto market too suffered losses on this note.
At the time of writing this article, the price of one Bitcoin was trading at $49,130.51, data from global crypto tracking website CoinMarketCap showed. This was down by 0.35 percent over the last 24 hours and by 14.11 percent over the last seven days, as per data.
The prices of Bitcoin have been constantly declining over the past week, seldom crossing the $50,000 mark amid a number of reasons, including the scare induced by the newly discovered Omicron variant of Covid-19.
Ether prices, too, were down on Friday, hovering just above the $4,100 mark. The price of one Ether or Ethereum coin at the time of writing this article was $4,167.14, according to data. This was down by 3.13 percent over the last 24 hours and by 9.49 percent over the last seven days.
The global cryptocurrency market also fell the heat of investors selling the crypto coins amid caution. Although it rose slightly for a brief while, the value of the global cryptocurrency market declined to S2.28 trillion at the time of writing this article, data showed. This was down by 2.59 percent over the last 24 hours. The total crypto volume however increased to $103.88 as traders looked to sell their assets. This was up by 2.43 percent, as per data on CoinMarketCap.
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