Cryptocurrency price latest – Bitcoin down AGAIN and Shiba Inu coin also dips as Tezos skyrockets almost 40 percent

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CRYPTOCURRENCIES Bitcoin, Ethereum, Dogecoin, and Shiba Inu are all facing sharp drops in value in the wake of a market crash, but Tezos tokens skyrocketed on Tuesday, making impressive gains.

The price of Bitcoin, the biggest cryptocurrency on the market, is now trading at $49,145.35 after hitting a record high of more than $69,000 in November.

Meanwhile, Shiba Inu is down 23.38 percent in the past seven days as of Wednesday morning, according to Coinbase.

Fears that crypto has reached its peak continue to mount as monetary support scales back in the US and in the wake of news of India’s plans to stop private cryptocurrencies.

The crypto market has also been battered by India taking action to ban all private cryptocurrencies – aside from a few exceptions – and launch a central bank-backed official digital currency.

Cryptocurrencies are highly volatile, meaning their values often make large swings with no notice, as the latest plunge shows.

Read our cryptocurrency live blog for the very latest news and updates…

Source: The Sun

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