Bitcoin prices fall below $30,000; ether, dogecoin slip over 7%. Check latest crypto rates
Elon Musk, the self-proclaimed 'Dogefather' recently changed his profile picture on Twitter to a headshot with Doge reflecting in his sunglasses
For the first time after June 22, the world’s largest cryptocurrency slipped below the critical $30,000 mark in cryptocurrencies. Bitcoin prices fell almost 6% today to $29,671.9, while ether, the second-largest cryptocurrency, fell 8% to $1,734. On June 22, the world’s largest cryptocurrency fell to $29,614 for the first time since January 27.
Elon Musk, dubbed the “Dog father,” recently updated his Twitter profile image to a headshot with Doge reflected in his eyeglasses. The meme coin’s price rose as a result of this yesterday, but it failed to hold on to its gains today, falling almost 5% to $0.16. Cardano, XRP, Litecoin, and Unisa, among other digital assets, have all dropped more than 5% in the last 24 hours.
Bitcoin outflows were $10.4 million in the week ending July 16, up from $6.9 million the week before. Bitcoin withdrawals totalled $15 million in July, but total inflows for the year were still a healthy $4.2 billion.
After reaching an all-time high near $65,000, the world’s largest cryptocurrency has been trapped in a range between $30,000 and $40,000 for months. Bitcoin’s price has practically half after hitting a three-month high.