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Prices of Major Cryptocurrencies Fall

Written: 2021-05-16 11:50:12Updated: 2021-05-16 13:33:49

Prices of Major Cryptocurrencies Fall

Photo : YONHAP News

The prices of major cryptocurrencies – Bitcoin, Ethereum and Dogecoin – all dropped.

According to CoinDesk, a cryptocurrency information provider, as of 1:30 p.m. Saturday U.S. western time, the price of Bitcoin fell two-point-11 percent in the past 24 hours to 48-thousand-357 U.S. dollars.

The market capitalization of the number one cryptocurrency also declined to 904-point-seven billion dollars.

Ethereum prices also slipped by four-point-69 percent in the past 24 hours to three-thousand-803-point-65 dollars.

Dogecoin prices also fell five-point-47 percent in the past 24 hours to point-5186 dollars. The prices soared on Friday after Tesla CEO Elon Musk tweeted that he was working with the crypto's developers to improve its efficiency as a means of payment.

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