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Cyrpto Trade: Bitcoin, Ether, Dogecoin take a plunge once again

Data from CoinDesk showed Ether, the coin linked to the Ethereum blockchain network, was down 3% to $2,262. Dogecoin also slipped as it was down 5% around $22. 

Cyrpto Trade: Bitcoin, Ether, Dogecoin take a plunge once again-VPN
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New Delhi, First Published Jul 8, 2021, 2:42 PM IST
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Cryptocurrency prices were trading lower today with Bitcoin declining over 3% to $33,275.5.

Data from CoinDesk showed Ether, the coin linked to the Ethereum blockchain network, was down 3% to $2,262. 

Dogecoin also slipped as it was down 5% around $22. 

Other virtual tokens like XRP, Litecoin, Cardano, Uniswap also fell more than 2% over the last 24 hours. 

According to reports, European Union could propose a new authority to crack down on money laundering and new transparency requirements for transfers of crypto assets. 

A separate proposal would introduce new EU requirements for service providers in crypto assets to collect and make accessible data concerning the originators and beneficiaries of transfers in those assets. 

Separately, according to a report by Kraken Intelligence, the price perforce of the cryptocurrencies may have been lacklustre over the past month but some of the developments in the industry have lifted spirits and the market may recover after May's crash following an all-time high. 

The report showed that last month was the 3rd most volatile June when looking as far back as 2011, 2nd to 2019 (100%) and 2011 (278%), and was 10 percentage points more volatile than normal.

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