In cryptocurrencies, Bitcoin prices continued to fall today, going below the USD37,000 mark. The largest and most popular cryptocurrency in the world has dropped more than 3 percent to USD36,932. Bitcoin is already down approximately 20 percent in 2022, year-to-date, but it is still more than 46 percent away from its all-time high of near USD69,000 set in November 2021.
Ether, the digital currency linked to the Ethereum blockchain and the second-largest cryptocurrency by market value, fell 3 percent to USD2,568. Meanwhile, Dogecoin was trading at USD0.12, down over 3 percent, and Shiba Inu was trading at USD0.000025, down roughly 2 percent.
Other coins' performance dipped as well, with values for Solana, XRP, Terra, Avalanche, Stellar, Cardano, Polygon, and Polkadot falling by 3-6 percent. According to CoinGecko, the global cryptocurrency market capitalization stayed below USD2 trillion today, down over 3 percent at USD1.75 trillion, pulled down by today's drop in crypto prices.
Bitcoin fell below USD40,000 over the weekend and continued to fall as the Ukraine crisis worsened, undermining the argument that cryptocurrencies are a safe haven in times of geopolitical turmoil and prompting some analysts to predict the largest cryptocurrency could fall below the critical USD30,000 mark.
From April 1, advertisers will include disclaimers for 'highly risky' cryptos.
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