Bitcoin's price today fell below USD30,000, returning to the middle of the narrow band it's been trading since mid-May. The world's largest and most popular cryptocurrency fell 0.6 percent to USD29,964 per coin. The digital coin has lost more than 35% year to date and is trading well below its all-time high of USD69,000 set in November of last year.
On the other hand, Ether, the second-largest cryptocurrency and the unit linked to the Ethereum network, dipped approximately 0.5 percent to USD1,784. Meanwhile, the price of dogecoin was practically unchanged at USD0.07 today, while Shiba Inu went up 0.2 percent to USD0.000011. The market capitalization of all cryptocurrencies is at USD1.28 trillion, down over 1% in the last 24 hours.
Stellar, Uniswap, XRP, Tron, Tether, Solana, Polkadot, Avalanche, Polygon, Chainlink, Terra Luna Classic prices were trading with gains during the last 24 hours, while Cardano and Litecoin prices were trading with losses.
According to Bloomberg, the US Securities and Exchange Commission is looking into whether the marketing of the TerraUSD stablecoin prior to its meltdown last month violated federal investor protection requirements. The Securities and Exchange Commission is investigating whether Terraform Labs, the company behind the coin known as UST, violated securities and investment product rules.
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