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Cryptocurrency prices rise today as Bitcoin trades above $19,000; dogecoin, XRP spike

The cryptocurrency price today rallied as Bitcoin traded above the $19,000 mark. The world’s largest and most popular cryptocurrency Bitcoin is up almost 1% and is trading at $19,234. The global crypto market cap today is under $1 trillion, even up slightly over the past 24 hours to $910 billion, according to CoinGecko.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest electronic money, up more than one percent to $1,073. Meanwhile, dogecoin price today traded 3% higher at $0.06 while Shiba Inu rose slightly to $0.000010.

Other Cryptocurrencies’ prices’ also improved today as XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Uniswap prices are trading with gains over the past 24 hours, while Polygon, Apecoin, Tether prices are down .

Cryptocurrencies have taken a hit this year due to the Federal Reserve’s interest rate hikes and high inflation. After the last two years of crypto hibernation ended in 2020, the sector skyrocketed to around $3 trillion in total assets last November, before falling below $1 trillion. la. The collapse of the Terra/Luna ecosystem and continued concern about the hedge fund Three Arrows Capital Ltd. more worrying for investors.

Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from US creditors under Chapter 15 of the US Bankruptcy Code, which allows foreign debtors to shield US assets .

Meanwhile, crypto lender Voyager Digital said on Friday that it had halted withdrawals, trading and deposits on its platform, and later said it was pursuing alternative solutions. strategic position and focus on protecting assets and maximizing value for all customers as quickly as possible.

The move comes days after the company issued a default notice to hedge fund Three Arrows Capital (3AC) because the fund failed to make required payments on a loan.

Bitcoin, the biggest and most popular cryptocurrency, is down 58% in the first six months of 2022, its worst first half of the year to date as digital assets struggle since the launch of the cryptocurrency. US-based lender Celsius Network said it would suspend withdrawals.

(With input from agencies)

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