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Bitcoin Rolled Up To 29 Thousand Dollars, Crypto Market Around The World In Red Color! – News

Despite tough macroeconomic conditions and dwindling investor interest in risk assets, Bitcoin has managed to hold onto the nearly $30,000 (Rs 23.5 lakh) mark over the past few weeks. But after the declining market capitalization of the currency, the price of the world’s largest cryptocurrency has fallen below the $30,000 mark on global exchanges. At the same time, the value of BTC on the Indian exchange Coinswitch Kuber is $ 30,665 (about Rs 24 lakh), which has come down 2.46 percent in the last 24 hours.

The price of bitcoin on global exchanges such as CoinMarketCap, Coinbase and Binance is $29,108 (approximately Rs 22.5 lakh), down 2.50 per cent in the last 24 hours. CoinGecko’s statistics As of now, the price of BTC is at the same point as it was last week.

The world’s second largest cryptocurrency Ether (ether) is also on the red mark. At the time of writing this, the value of Ether on Coinswitch Kuber is $2,074 (approximately Rs 1.5 lakh). At the same time, its price on global exchanges is 1957 dollars (about 1.5 lakh rupees). There this cryptocurrency has fallen by 4 percent in the last 24 hours. Data from CoinGecko shows that the cryptocurrency is up 5.7 per cent in value compared to prices a week ago.

Gadgets 360 cryptocurrency price tracker The overall crypto market paints a gloomy picture especially for altcoins. The global crypto market cap has declined by 3.99 percent and Cardano, Polkadot, Avalanche, Polygon, Solana, Litecoin, Uniswap and Chainlink have suffered.

Shiba Inu and Dodgecoin, popularly known as Mim Coins, have also seen a fall in prices compared to Wednesday. Dodgecoin is currently trading at $0.08, down 3.7 percent over the past 24 hours. At the same time, the value of Shiba Inu is $ 0.000012 (approximately Rs. 0.000957). This is 4.87 percent less than Wednesday.

Edul Patel, CEO of crypto investment firm, Mudrex, told Gadgets 360 that investors are hesitant to return to the market due to the growing fear of recession and fall in stocks. However, it remains to be seen when the crypto market finally recovers. Will it go down further? This will increase the uncertainty among investors and they will move away from the crypto market.

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