Cryptocurrency Prices Today: Bitcoin Slips More Than 3%; Dogecoin, Uniswap, Stellar drop to 6%

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The world’s largest cryptocurrency Bitcoin fell more than 3% today. The price of Bitcoin fell 3.62% to $ 49,108 on Coinmarketcap. The cryptocurrency’s market cap has fallen to $ 927.745 billion. Currently, the global crypto market cap stands at $ 2.31 trillion, losing 3.67%.

Other cryptocurrencies were also trading in the red today. Ethereum lost 4% to $ 3,906 and Dogecoin was trading 5.85% lower at $ 0.1793.

Stellar digital token fell 5.20% to $ 0.2801 and Litecoin fell 5.21% to $ 148.11. XRP was down 4.60% to $ 0.8809 and Uniswap was down 3.86% to $ 18.40.

Former Twitter CEO Jack Dorsey said the Bitcoin cryptocurrency will replace the US dollar. Dorsey has been a big supporter of Bitcoin. He is also the co-founder and CEO of financial services firm Block, formerly known as Square Inc.

Lately, crypto prices have risen following comments from billionaire Elon Musk and Cathie Wood of Ark Investment Management LLC. At the end of July, Elon Musk said Tesla was “very likely” to start accepting bitcoin as a payment method again.

The comment helped the cryptocurrency race to rise above the $ 30,000 level. The electric carmaker said in May that it would no longer accept cryptocurrency for purchases. It has been a mad rush for bitcoin for the past three years.

Digital currency made its debut on Wall Street in December 2017, when major futures markets launched Bitcoin futures. The attention drove Bitcoin to around $ 19,300, a then unheard of price for the currency.


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