Cryptocurrency prices today: Bitcoin, Ether dip after heavy selloff

Cryptocurrencies witnessed a sharp dip in valuation on Wednesday after a round of profit booking. Check the latest cryptocurrency prices and trends.

Cryptocurrencies have lost momentum as prices of popular virtual coins dipped sharply on Wednesday. The entire cryptocurrency market capitalisation has dropped by 4 per cent in the past 24 hours. Cryptocurrency Price (US Dollar) 24-hour change Market cap (Billion) Volume (24 Hours) Bitcoin 48,545.08 -1.87% $912.47 $34.10 billion Ether 3,215.62 -3.22% $376.73 $21.09 billion Dogecoin 0.29545 -5.00% $38.66 $2.74 billion Litecoin 177.90 -4.52% $12.16 $1.93 billion XRP 1.17 -4.88% $117.36 $6.18 billion Cardano 2.78 -2.98% $89.77 $7.53 billion Bitcoin, which had crossed $50,000 for the first time since May on Monday, retreated yesterday due to profit-booking by investors, according to a Reuters news report quoting Edward Moya, senior market analyst at OANDA in New York.