The morning of Tuesday, November 16th, cryptocurrency values were a mixed bag.
While Bitcoin, Ethereum, and Dogecoin all lost value until 9:35 a.m. today, Tether increased in value.
The worldwide crypto market capitalization has also dropped 7.10 percent in the last 24 hours, reaching $2.66 trillion.
Bitcoin's price dropped to $ 61,111.26 in the last 24 hours, a drop of 6.99 percent.
The token did hit a new bottom this year, dipping below $30,000 in June, but it has since recovered.
The digital coin has risen dramatically in recent months, with a year-to-date gain of almost 114 percent.
Ethereum, the second-largest digital coin, has lost 7.86 percent of its value in the previous 24 hours, falling to $4,320.33.
However, due to the surge of Bitcoin and widespread public usage of cryptocurrencies, the currency is at an all-time high.
Shibu Ina and Dogecoin both saw their value plummet.
The digital tokens dropped 5.66 percent to $0.2474 and 4.75 percent to $0.00004994.
Meanwhile, Cardano's value dropped to $1.93, a 5.63 percent drop.
XRP has also dropped 6.88% to $1.13.
In the last 24 hours, Tether has risen by 0.09 percent to $1.00.
In the last seven days, the value of the digital currency has increased by 0.03 percent.
Binance Coin has also dropped 7.23 percent in the last 24 hours to $607.23, a drop of 6.41 percent for the digital coin.
In the previous 24 hours, the digital currency Solana has likewise dropped 7.47 percent to $225.99.
In other news, on November 14th, Bitcoin received a big upgrade that allows its network to execute more sophisticated transactions.
The improvement improves the token's competitiveness against Ethereum and has the potential to expand the cryptocurrency's adoption.
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