On Wednesday, Bitcoin, ether, and Shiba Inu prices in cryptocurrency today are down, but dogecoin is up.
Even though the biggest and most well-known cryptocurrency in the world was trading more than 2 per cent lower at USD19,042, the price of bitcoin today managed to stay over the USD19,000 level.
According to CoinGecko, the market capitalization of all cryptocurrencies fell below USD1 trillion today after falling more than 1 per cent over the previous day to USD968 billion.
The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, dropped more than 1 per cent to USD1,344.
The hype surrounding an upgrade of the Ethereum blockchain caused an increase in the price of ether since mid-June, but now that the upgrade is complete, it is quickly declining. Investors are preparing for volatility as a result of the Federal Reserve’s anticipated this week big interest-rate boost to combat pricing pressure.