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Cryptocurrency markets are in red. Bitcoin, Ethereum have slipped. Layer 1 blockchain crypto tokens like Solana, Cardano, Ripple are also down. Memecoins like Shiba Inu and Dogecoin have witnessed downtrend. Most stablecoins remain pegged to $1 despite volatility in markets.
The world's largest and the most popular cryptocurrency, Bitcoin, dipped for a fourth consecutive day.
Bitcoin's price and cryptocurrency market continue to shed volume amid fears of inflation and economic uncertainty.
Bitcoin's price on Tuesday fell 13.10 per cent to $22,301.50 due to the latest high-profile collapse of a pillar of the cryptocurrency industry.
Prices of Bitcoin, Ethereum and other cryptocurrencies fell as volatility continued to fade in crypto markets.