Among cryptocurrencies, bitcoin price was trading above $47,000 today with the world’s most popular and largest cryptocurrency Less than one percent by market capitalization at $47,061. The digital coin is up more than 2% in the past two sessions. Meanwhile, according to CoinGecko, the global crypto market capitalization fell marginally to $2.38 trillion.
According to CoinDesk, Ether, the coin and the second largest cryptocurrency tied to the Ethereum blockchain, was trading nearly 2% higher at $3,808. On the other hand, Dogecoin price also gained 0.5% to $0.17, while the Shiba Inu fell 0.6% to $0.000034. At the same time, Binance Coin was slightly higher at $529.
The performance of other digital tokens was mixed with Solana, Terra, Polygon, Avalanche, while Litecoin, Stellar, Cardano, Polkadot all cut in the last 24 hours.
Crypto prices remained volatile just like last year. Bitcoin closed down 19% in December, its biggest monthly loss since May, which was also its worst December since 2013. The cryptocurrency rose 60% in 2021 and hit a record close to $69,000 in early November, following which it was one. Tough times since hitting an all-time high. Looking ahead, many investors are expecting the price to correct further and eventually hit new highs.
According to CoinMarketCap, the total value of the cryptocurrency more than tripled at its peak in 2021, from a low of $1 trillion in January to $2.98 trillion.
Ether outperformed bitcoin last year in the adoption of blockchain technology by fintech companies, and perhaps more specifically the popularity of non-fungible tokens (NFTs). Among the largest cryptocurrencies, Binance Coin posted the best returns, adding around 1,300% in 2021.
(with inputs from agencies)
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,