{"id":16331,"date":"2022-05-10T05:32:05","date_gmt":"2022-05-10T05:32:05","guid":{"rendered":"http:\/\/egrowonline.com\/?p=16331"},"modified":"2022-05-10T05:32:05","modified_gmt":"2022-05-10T05:32:05","slug":"bitcoin-dogecoin-shiba-inu-other-crypto-prices-today-see-sharp-fall-terra-crashes-58","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=16331","title":{"rendered":"Bitcoin, Dogecoin, Shiba Inu, Other Crypto Prices Today See Sharp Fall; Terra Crashes 58%"},"content":{"rendered":"


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\tCryptocurrency prices today continued to extend losses with Bitcoin trading below the $32,000 level. The world’s largest and most popular cryptocurrency plunged more than 8% to $30,677. The global crypto market\u2019s value today tanked over 10% in the past 24 hours to $1.49 trillion, according to pricing from CoinGecko.<\/p>\n<\/div>\n

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\tBitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies<\/a> track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The digital token’s value has more than halved since a November surge that saw the token hit a record of nearly $69,000.<\/p>\n

\tOn the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also declined more than 6% to $2,307. Meanwhile, dogecoin price today was trading 11% lower at $0.10 whereas Shiba Inu also plummeted over 15% to $0.000015.<\/p>\n

\tOther digital tokens’ performance also tumbled as Solana, Polkadot, Cardano, Uniswap,Tron, XRP, Avalanche, Polygon, Stellar prices were trading with cuts in the range of 10-20% over the last 24 hours with Terra falling the most as it crashed over 58% to $25.3.<\/p>\n

\t“Bitcoin<\/a>, Ethereum, and most cryptocurrencies continued to dip as investors and institutions paused following the hike in interest rates. There are chances that we may also see BTC fall towards $30,000. Due to rising macroeconomic factors, the downward trend is likely to continue for the next few days,” said Edul Patel, Co-Founder & CEO, Mudrex.<\/p>\n

\tThe crypto swoon comes as tightening monetary policy to combat runaway inflation curbs liquidity, turning investors away from speculative assets across global markets.<\/p>\n

\t(With inputs from agencies)<\/i><\/p>\n

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