Cryptocurrency news: Polkadot slips by 5.1%, Solana declines by 4.4%

Seven of the top cryptocurrencies were trading in red in the past 24 hours with Polkadot showing the highest decline of 5.14% to $33.14. Similarly, Solana fell by 4.48% to $143.22. Others like Cardano, Tether USDT, Binance Coin, USD Coin and Dogecoin also slumped by 4.28%, 0.06%, 1.12%, 0.05% and 3.27% respectively. On the other hand XRP increased by 4.02% to $1.11. Ethereum, the second largest token increased by 0.39% to $3,485.00. While, the world’s biggest and oldest cryptocurrency Bitcoin rose by 2.33% to $56,829.00 levels. In terms of ranking, Tether USDT moved from the fifth position to the fourth, while USD Coin moved one position higher to the eighth.

Shiba Inu is now one of the top 15 cryptocurrencies in the world, and was trading at $0.00003113 with an increase of 13.73% in the last 24 hours. It is now the 14th largest cryptocurrency in the world.

Cryptocurrency prices

Bakkt signs deal with Google to use cryptocurrency

US based crypto marketplace Bakkt has entered into an agreement with Google, which would enable 10 million users of the crypto platform to link their virtual Visa debit cards with Google Pay and purchase goods and services online using cryptocurrencies like Bitcoin. Once Bakkt cards are linked with Google’s payment services, cryptocurrencies will get converted into the government-backed fiat currency seamlessly while making payments.

Bakkt launched its own Visa debit card, earlier this year to enable crypto-based transactions for its users. The crypto market place will be using the Google Cloud as its cloud services provider, to wire its services to crypto-associated retailers and merchants around the US.

Market manipulation in meme coins continue to worry investors

As social media influencers continue to intervene and affect the crypto world, especially with meme coins, investors who are in for the long haul continue to worry about this market manipulation techniques.

Almost two weeks ago, Tesla boss Elon Musk’s tweet about his pet dog Floki, sent prices of cryptocurrencies based on the same theme rise to record levels. Last week, one of the highest gainers was the meme coin Shiba Inu.