There is a lot of volatility in the cryptocurrency market today. Considered the most preferred currency, bitcoin, ether and dogecoin are seeing a big decline.
Despite the fall in the price of bitcoin in the global market, its price remains above $ 42 thousand. So far in 2022, the price of bitcoin has fallen by 8 percent. It is running about 30 percent below its record level of $ 69 thousand. However, the total cryptocurrency market capitalization in the global market has reached more than 20 trillion dollars.
All the favorite cryptocurrencies saw a decline
Ether, the second most preferred cryptocurrency, is also showing a decline today. This crypto, linked to the Ethereum blockchain, showed a loss of 2 percent today and came to a price of $ 2,969. Dogecoin has also slipped 0.6 percent, while Shiba is showing a loss of more than 0.5 percent.
In today’s volatile environment, the condition of other cryptocurrencies is also getting thinner. While Polygon, Litecoin, Steeler, Terra and Solana showed a decline, Uniswap, Polkadot and Cardeno gained marginally. According to CoinGecko, the market capitalization of the cryptocurrency has also crossed $2 trillion in the last 24 hours.
Withdraw more from these cryptos
Withdrawals from the largest cryptocurrency bitcoin have also been the highest. Investors sold $33 million worth of bitcoin in 24 hours, while withdrawing more than 100 million in the last two weeks. Similarly, $17 million was withdrawn in ether, up from $50 million last week.