The world’s largest cryptocurrency bitcoin was trading slightly lower today. On Coinmarketcap, the price of bitcoin fell 0.28% to $ 47,867. The cryptocurrency’s market cap has reached $ 900.653 billion.
Currently, the global crypto market capitalization stands at $ 2.17 trillion.
Other cryptocurrencies were trading on a mixed note today. Ethereum fell 1.13% to $ 3,553 and Dogecoin was trading 2.44% higher at $ 0.2503.
The Stellar digital token lost 2.45% to $ 0.3299 and XRP was down 1.82% to $ 1.09. Litecoin fell 3.09% to $ 185.25 and Uniswap crashed 6.86% to $ 25.61. 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.