Cryptocurrency prices today mixed fell bitcoin below $41,000 on the cryptocurrency market. The world’s biggest and most popular cryptocurrency was down almost 3% at $40,187. So far in 2022 (year-to-date or YTD), the digital token is down more than 13%.
This year, Bitcoin has generally remained in the $35,000 to $45,000 level. A short breakthrough to the 200-day moving average in late March was followed by a plunge of up to 19% as fears of monetary tightening spurred drops across risk markets. During that time, the cryptocurrency’s connection with big technology equities reached an all-time high.
Ether, the token tied to the ethereum blockchain and the second biggest cryptocurrency, fell more than 2% to $3,037. Meanwhile, the price of dogecoin today increased by approximately 3% to $0.14, while the price of Shiba Inu fell by about 2% to $0.000027.
Other cryptocurrencies were mixed, with Avalanche, Cardano, Solana, Terra, and Polkadot falling, while XRP and Stellar Uniswap gaining 2-6 percent in the past 24 hours. According to CoinGecko, the global cryptocurrency market worth dipped below $2 trillion today, falling more than 1% to $1.97 trillion in the previous 24 hours.
Smaller, lesser-known tokens are surpassing Bitcoin in yet another “altcoin season,” as the world’s biggest digital asset’s supremacy has waned in recent weeks. While smaller cryptocurrencies have the potential for enormous payouts, they may be more volatile than Bitcoin or other bigger coins. According to research, Bitcoin’s market share has dropped to about 40% from 65 percent in the start of 2020.