Bitcoin hit another record high of near $69,000 on Wednesday, however, the world’s largest cryptocurrency by market capitalization plunged from the level today as its prices fell over 4% to $64,458.
Ether, the coin linked to ethereum and the second largest crypto, tumbled more than 3% to $4,591.
Dogecoin price was down 6% to $0.25 whereas Shiba Inu also plummeted near 11% to $0.000049.
Bitcoin’s ride has been volatile as the most popular digital token plunged below $30,000 in June amid criticism of its energy consumption and China’s cryptocurrency crackdown.
The spot price of gold has dropped 1.8% this year, while Bitcoin has gained more than 130% in that span, according to data compiled by Bloomberg.