{"id":7556,"date":"2022-02-11T03:49:06","date_gmt":"2022-02-11T03:49:06","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7556"},"modified":"2022-02-11T03:49:06","modified_gmt":"2022-02-11T03:49:06","slug":"bitcoin-below-44000-dogecoin-shiba-inu-xrp-plunge-over-6-check-cryptocurrency-prices-today","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7556","title":{"rendered":"Bitcoin below $44,000, dogecoin, Shiba Inu, XRP plunge over 6%. Check cryptocurrency prices today"},"content":{"rendered":"


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\tCryptocurrency prices today plunged with Bitcoin<\/a> trading below the $44,000 level in what has been a volatile week for the digital tokens. The world’s largest and most popular cryptocurrency was down nearly 3% at $43,144. Bitcoin is down about 6% in 2022 (year-to-date or YTD) so far.<\/p>\n<\/div>\n

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\tBitcoin is down about 35% since it peaked at almost $69,000 in November last year as risk aversion grows with the Federal Reserve and other global central banks starting to tighten financial conditions and remove pandemic-era liquidity from the system.<\/p>\n

\tOn the other hand, Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also declined over 5% to $3,064. Similarly, Binance Coin dipped about 2% to $413.<\/p>\n

\tDogecoin price was trading 6% lower at $0.15 whereas Shiba Inu tanked over 8% to $0.000030. The performance of other coins were mixed as Stellar, Avalanche, Cardano, Polygon, XRP, Polkadot, Solana, Terra, Stellar prices were trading with cuts over the last 24 hours.<\/p>\n

\tMeanwhile, the global cryptocurrency market capitalisation today remained above $2 trillion, as per CoinGecko, even as it was down 3% at $2.06 trillion, dragged by fall in crypto prices today.<\/p>\n

\tThe crypto market marked the third week of inflows totaling $133 million last week, according to a report from digital asset manager CoinShares. Bitcoin led all inflows, with $71 million, the largest since early December and the third straight week of inflows, with a total of $108 million. Ether posted net outflows of $8.5 million in the week ended February 4, its 9th straight week of outflows, totaling $280 million.<\/p>\n

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

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