After a surge in Bitcoin’s value on Monday following a major upgrade to its network, the leading cryptocurrency by market value has plunged by over 6 per cent in the last 24 hours.
Bitcoin, and several other cryptocurrencies, including ethereum, solana, and cardano, as well as the meme coins dogecoin and shib inu have plunged in value in the last day.
Most of the leading cryptocurrencies are down by about 6 to 8 per cent in the last 24 hours.
Dogecoin and shiba inu are also down by about 6 to 7 per cent in the last day.
Bitcoin’s price rose over the weekend, boosted by the rollout of the long-awaited Taproot update, which improves both the privacy and security of BTC.
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