Prices of cryptocurrencies were uneven today, with Bitcoin trading above the USD38,000 barrier. At USD38,467, the world's largest and most popular cryptocurrency was practically unchanged. According to CoinGecko's pricing, the global crypto market's value has risen to USD1.81 trillion in the last 24 hours.
On the other hand, Ether, the second-largest cryptocurrency and the coin linked to the Ethereum network, increased modestly to USD2,843. Meanwhile, the price of dogecoin is down approximately 0.5 percent to USD0.13, while the price of Shiba Inu is down more than 3 percent to USD0.021.
Other digital assets' performance was also varied, with Solana, Stellar, Polkadot, Cardano, Uniswap, Polygon, Tron prices falling and Terra, XRP, Avalanche, and Litecoin prices rising in the last 24 hours.
Bitcoin, like risk assets, has been struggling in recent months. As the Federal Reserve began raising interest rates in response to stubbornly high inflation, it has mostly traded in a range of USD35,000 to USD45,000 this year. Bitcoin has been losing value since hitting an all-time high of about USD69,000 in November. Since the start of the year, the digital token has lost around 17% of its value.
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