DecentralandCrypto Price Today: Bitcoin falls below $31,200; Litecoin, Shiba Inu tank up to 7% – The Economic Times
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•5 days ago
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Analysts attribute the fall in Bitcoin and Litecoin prices to a range of factors, including a recent sell-off of Bitcoin by large investors, as well as a surge in the supply of Shiba Inu tokens, which has caused a drop in the coin's price. The cryptocurrency market has been extremely volatile in recent weeks, as Bitcoin's price has swung wildly, from highs of over $64,000 to lows of below $30,000. Despite the recent dip, many experts remain bullish on the long-term trajectory of cryptocurrencies, citing their increasing popularity among institutional investors and the growing adoption of blockchain technology.
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Frequently asked questions
What is the current price of Bitcoin?
The current price of Bitcoin is below $31,200.
How much has Litecoin decreased in value?
Litecoin has decreased up to 7% in value.
Where did this information come from?
This information came from The Economic Times.
Is Shiba Inu also affected by this price drop?
Yes, Shiba Inu has tanked up to 7% as well.
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