Cryptocurrency Prices Today: Bitcoin sheds 3%, Ethereum falls over 6%

The global crypto market cap is down over 3 percent over the previous day to $1.98 trillion, according to coinmarketcap.com. 

Bitcoin has shed 3 percent in the last 24 hours and 12 percent in the previous week. It is priced around $41,000.

Ethereum has lost over 6 percent in the previous day and 13 percent in the last week to trade at $3,242.

In the last 24 hours:

* Solana has shed more than 6 percent and XRP has decreased over 1 percent.

* Polkadot has fallen nearly 4 percent, while Dogecoin has dropped over 1 percent to trade at $25.08 and $0.15, respectively.

If Bitcoin’s share of the store of value market were “hypothetically” to rise to 50% over the next five years, its price would increase to just over $100,000, for a compound annualized return of 17% or 18%, Zach Pandl, co-head of global FX and EM …
Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often touted price prediction of a $100,000 by advocates a possibility, according to Goldman Sachs Group.

If Bitcoin’s share of the store of value market were “hypothetically” to rise to 50% over the next five years, its price would increase to just over $100,000, for a compound annualized return of 17% or 18%, Zach Pandl, co-head of global FX and EM strategy, wrote in a note Tuesday.

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