Bitcoin
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$67,079.00 0.19526
Bitcoin price
Ethereum
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$3,515.66 -0.07758
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BNB
BNB (BNB)
$594.01 0.03392
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$173.72 2.69303
Solana price
XRP
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$0.5960630 3.50275
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$0.0000181 1.31161
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$0.0000122 -3.98624
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$0.0000309 -2.10232
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Bitcoin
Bitcoin (BTC)
$67,079.00 0.19526
Bitcoin price
Ethereum
Ethereum (ETH)
$3,515.66 -0.07758
Ethereum price
BNB
BNB (BNB)
$594.01 0.03392
BNB price
Solana
Solana (SOL)
$173.72 2.69303
Solana price
XRP
XRP (XRP)
$0.5960630 3.50275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.31161
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.98624
Pepe price
Bonk
Bonk (BONK)
$0.0000309 -2.10232
Bonk price
Bitcoin
Bitcoin (BTC)
$67,079.00 0.19526
Bitcoin price
Ethereum
Ethereum (ETH)
$3,515.66 -0.07758
Ethereum price
BNB
BNB (BNB)
$594.01 0.03392
BNB price
Solana
Solana (SOL)
$173.72 2.69303
Solana price
XRP
XRP (XRP)
$0.5960630 3.50275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.31161
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.98624
Pepe price
Bonk
Bonk (BONK)
$0.0000309 -2.10232
Bonk price
Bitcoin
Bitcoin (BTC)
$67,079.00 0.19526
Bitcoin price
Ethereum
Ethereum (ETH)
$3,515.66 -0.07758
Ethereum price
BNB
BNB (BNB)
$594.01 0.03392
BNB price
Solana
Solana (SOL)
$173.72 2.69303
Solana price
XRP
XRP (XRP)
$0.5960630 3.50275
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 1.31161
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -3.98624
Pepe price
Bonk
Bonk (BONK)
$0.0000309 -2.10232
Bonk price

IOTA is down by over 10% as bitcoin and altcoins struggle 

iota-is-down-by-over-10-as-bitcoin-and-altcoins-struggle
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IOTA is down by over 10% as bitcoin and altcoins struggle 

The price of MIOTA, IOTA’s native cryptocurrency, has decreased by more than 10% in the last 24 hours, making it one of the top losers of the day. Major cryptocurrencies, including bitcoin (BTC) and ether (ETH), have also witnessed corrections.

While the global cryptocurrency markets reacted positively to the recent US debt ceiling agreement, with the price of bitcoin temporarily surging to the $28,447 price region on May 29, the euphoria has gradually died down, as evidenced by the price corrections of crypto assets in the last 24 hours.

IOTA (MIOTA) has emerged as one of the top losers today, with its price of 0.19997, representing a decline of 9.2% in the 24-hour timeframe. MIOTA’s market capitalization of $548 million makes it the 82nd largest token on the market.

Looking at the larger picture, the current price of IOTA’s native MIOTA token represents a 96.24% decrease from its all-time high of $5.25 during the initial coin offering (ICO) craze of 2017, according to CoinGecko.

The global cryptocurrency market capitalization is $1.18 trillion at press time, representing a 1.8% decline in the last 24 hours. 

IOTA is down by over 10% as bitcoin and altcoins struggle  - 1
IOTA price chart | Source: CoinGecko

While analysts are of the opinion that the current United States debt crisis may trigger a massive increase in the price of BTC, the flagship crypto asset is currently struggling to surpass the $27,107 price region, and it remains unclear when the bulls will finally return.

Despite its significant price slump, the IOTA project, designed to facilitate the Internet of Things use cases, has recently attracted its fair share of adoption. 

As reported by crypto.news last January, IOTA was chosen for the next phase of the European Blockchain Pre-Commercial Procurement exercise, which aims to explore blockchain use cases in the region.