On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell more than a per cent at $1,218. Meanwhile, dogecoin price today was trading 10% higher at $0.07 whereas Shiba Inu tanked over 2% to $0.000011.
Other crypto prices' today performance also declined as XRP, Tether, Solana, BNB, whereas Stellar, Litecoin, Polygon and Tron prices were trading with cuts over the last 24 hours, however, Uniswap and ApeCoin gained.
Cryptocurrencies have suffered this year amid Federal Reserve rate hikes and stubbornly high inflation. Ether is still down more than 60% this year, even after rallying from its extreme lows.
Coinbase Global Inc., Crypto.com, Gemini Trust and BlockFi Inc. are among the crypto companies to have announced swaths of layoffs, citing the general macroeconomic downturn for derailing their previously ever-expanding plans. The collapse of the Terra/Luna ecosystem and continued concern about hedge fund Three Arrows Capital Ltd....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...