Bitcoin's price fell below USD42,000 today after gaining over the previous two days in the cryptocurrency market. At USD41,383, the world's most popular and largest cryptocurrency was down more than 5 percent. So far in 2022, year-to-date, the digital token is down roughly 10 percent. However, it is still more than 30 percent below its all-time high of about USD69,000 set in November of last year.
Meanwhile, according to CoinGecko, the worldwide cryptocurrency market capitalization today fell below USD2 trillion, falling more than 5 percent in the last 24 hours to USD1.91 trillion.
Ether, the cryptocurrency linked to the Ethereum blockchain and the second-largest cryptocurrency by market value, fell more than 7 percent to USD2,727. Dogecoin, on the other hand, has dropped by USD5 to USD0.12, while Shiba Inu has dropped by more than 5 percent to USD0.000025.
Other digital assets' performance deteriorated as well, with Terra, Solana, and Polygon prices rising while Avalanche, Stellar, XRP, Litecoin, Cardano, Polkadot, and Uniswap values falling by 2-8 percent in the last 24 hours.