Cryptocurrency Prices Today: Bitcoin Under $ 23,000; The ether falls over 6%

In contrast, Ether, the coin linked to the Ethereum blockchain and the second largest cryptocurrency, fell more than 6% to $ 1,587. Meanwhile, the price of the dogecoin fell more than 4% today to $ 0.06, while the Shiba Inu also fell nearly 5% to $ 0.000012.

The current performance of other cryptocurrency prices has also declined as the prices of XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Avalanche, Tether, Polygon, Uniswap, Polkadot, Apecoin and Tron have been trading low in the past 24 hours.

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“If the bears are not below the current level, we could see BTC testing the US $ 24,000 level in the next few days. The second largest cryptocurrency, Ethereum, managed to break through its resistance at US $ 1,700 but failed to hold it for long. It is likely that ETH will test its support levels again before recovering to the $ 1,700 level, “said Edul Patel, CEO and co-founder of Mudrex.

Despite unstable cryptocurrency markets, global digital asset funds recorded net inflows totaling $ 474 million in July (through July 29), the highest so far this year, according to a report from the digital asset manager of CoinShares.

Crypto funds nearly offset all of their June outflows, totaling $ 481 million. Bitcoin posted inflows of $ 85 million last week. Most of the rumors came from North America. Contributions from the United States and Canada were $ 15 million and $ 67 million, respectively. Brazil and Sweden recorded smaller exits.

Meanwhile, the Securities and Exchange Commission said Monday that it had indicted 11 people for their role in creating and promoting a fraudulent crypto pyramid and Ponzi scheme that raised over $ 300 million from retail investors around the world. including the United States, Reuters reported.

Several cryptocurrency companies have filed for bankruptcy or been forced to seek emergency capital injections. Rising interest rates and high-profile crashes like crypto hedge fund Three Arrows Capital hit digital tokens this year. Cryptocurrencies, such as bitcoin, have risen in price in 2020 and 2021, but have dropped dramatically this year.

(With agency contributions)

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