Bitcoin suffered the biggest drop in a month, while Dogecoin plunged 12%

2022-07-07 0 By

The world’s largest and most popular cryptocurrency is down more than 6% so far in 2022.Bitcoin continued its slide today, its biggest drop in a month.The digital currency fell about 5 percent to $43,205.The world’s largest and most popular cryptocurrency is down more than 6% so far in 2022.The fall in digital currencies reflects a broad sell-off.The correlation between bitcoin and THE U.S. stock market has climbed over the past 90 days as investors have become more risk-averse and the Federal Reserve has reined in its crime-era stimulus measures, which are credited with helping fuel the rise of cryptocurrencies.On the other hand, Ethereum, which is linked to the Ethereum blockchain and the second largest cryptocurrency, also fell more than 5% to $3,179.Meanwhile, dogecoin prices plunged more than 12 percent to $0.14.The USDT Tether stablecoin was unchanged in value over the past 24 hours, while the USDC stablecoin was down 0.01%.XRP Ripple fell 5.57 percent.Other digital tokens have also seen their performance decline, with litecoin, Sistarcoin, Caldano, Solana, Polkadot, Terra, Polygon, Uniswap prices down around 4-10% in the last 24 hours.The global cryptocurrency market cap is above $2 trillion, according to CoinGecko, although it plummeted to $2.09 trillion, down more than 5% in the last 24 hours.Bitcoin briefly breached $48,000 in late March, erasing losses since the end of the year and sparking optimism that it would break out of its troubled narrow trading range.