Crypto Price Today: Bitcoin falls below $31,700; Shiba Inu, XRP decline up to 2% – The Economic Times

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Crypto prices have been volatile in the past few days, with Bitcoin dropping below $31,700 and Shiba Inu and XRP declining up to 2%, according to The Economic Times. This has come as a surprise to many, as Bitcoin had reached an all-time high of $41,973 on January 8th of this year. The recent decline has been attributed to profit-taking by traders and investors, as well as a general cooling off of the crypto market. Additionally, the recent news of the US Treasury Department's investigation into potential money laundering involving cryptocurrencies may have had a negative effect on the market. Despite the recent downturn, many experts remain bullish on the long-term prospects for cryptocurrencies, citing the increasing mainstream acceptance and adoption of digital assets as a sign of their staying power.