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Bitcoin Slips Below $19,000, Ethereum Down 13%, Other Tokens Follow Suit

Cryptocurrency prices: Bitcoin slips below $19,000, Ethereum down 13%, other tokens follow suit
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By Asmita Pant   IST (Printed)

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SUMMARY

Cryptocurrencies prolonged losses on Wednesday. The worldwide crypto market cap stood at $898.8 billion, with a quantity of $212.8 billion prior to now 24 hours.

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“The worldwide crypto market has turned risky, reacting to the strikes made by Binance and FTX prior to now 24 hours. The cumulative market cap has dipped, shedding over US$70 billion in a single day,” stated Edul Patel, CEO and co-founder of Mudrex.

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Bitcoin | The world’s largest and hottest digital foreign money, Bitcoin, slumped 10 p.c to $18,134. Its market worth stood at $349.8 billion. The commerce quantity was at $121 billion.

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Ethereum | The second largest digital foreign money, Ethererum or Ether, slumped 13.3 p.c to $1,309.8 with a market capitalisation of $158.3 billion. The commerce quantity of Ethereum was $42.7 billion within the final 24 hours.

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Shiba Inu | Shiba Inu fell 8.6 p.c with a market capitalisation of $5.5 billion. The commerce quantity was $742.2 million within the final 24 hours.

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Solana | Solana plunged 16.4 p.c to $22.1 with a market capitalisation of $7.9 billion. The commerce quantity of Solana was $5.8 billion within the final 24 hours.

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Polygon | Polygon plunged 12.6 p.c with a market capitalisation of $8.6 billion. The commerce quantity was $2.4 billion within the final 24 hours.

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“Different high cryptocurrencies by market cap are additionally following an analogous trajectory (slipping). The approaching days can be essential for your entire crypto spectrum,” Patel stated.

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