Bitcoin Crashes Below $37,000, Ether, Shiba Inu also Tank

February 22, 2022 World Blockchain Industry Updates

Cryptocurrency prices today plunged with Bitcoin falling below the $37,000 level amid intensified tensions between Russia-Ukraine. The world’s largest and most popular cryptocurrency declined more than 6.43 per cent to $36,693.28. Bitcoin is down about 19 per cent in 2022 (year-to-date or YTD) so far whereas, it is still over 46 per cent far away from its record high of near $69,000 it hit in November 2021.

Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also fell about 7 per cent to $2,533.46. Meanwhile, Dogecoin price crashed over 7 per cent to $0.12 whereas Shiba Inu also plummeted about 8 per cent to $0.000024. The performance of other coins also tanked as Solana, XRP, Terra, Avalanche, Stellar, Cardano, Polygon, Polkadot prices were trading with cuts in the range of 5-12 per cent.

The global cryptocurrency market capitalisation today remained below the $2 trillion, as per CoinMarketCap.com, as it was down over 3 per cent at $1.77 trillion, dragged by the fall in crypto prices today.