Currently most of the cryptocurrencies are suffering losses and the prices are breaking out. In such a situation, investors have been forced to think again about the money invested in the crypto sector. Talking about bitcoin, today its trade opening was at $ 21,791 (about Rs 17 lakh) which is a loss of 7 percent according to Indian exchange Coin Switch Kuber. The price of bitcoin has also declined globally including India. On global exchanges such as Binance and CoinMarketCap, the price of bitcoin has declined by 8 percent and is trading at $20,350 (approximately Rs 15 lakh).
Bitcoin If we look at the price history of this month, the last big jump in its price was seen on 6th June. Since then the price of bitcoin has been sliding continuously. In the coming days, market experts have predicted further fall in crypto prices. Ether is also going downhill with the market. on Friday ether The loss was more than bitcoin. The world’s second largest cryptocurrency has seen a loss of 11 percent in price today. Gadgets 360 crypto price tracker As per reports, it was trading at $1,154 (approximately Rs.90,115) at the time of writing this news.
biggest two cryptocurrency Constantly fighting to increase the price. The struggle continues for other popular altcoins as well. Coins like Binance Coin, Solana, Polkadot and Avalanche also started trading with a fall today. Although Tether, USD Coin, and Monero have seen very slight gains. Binance USD, Ripple etc. were also named among those who registered a decline.
Mem crypto token from the current declining trend in the market dodgecoin And shiba inu Can’t escape either. Both the cryptocurrencies registered a decline in the trade opening. However, at the time of writing the news, Dodgecoin saw a huge jump with a gain of 10 percent. At the same time, this increase in Shiba Inu was slightly more than 5 percent.
The cryptocurrency market has been under pressure from the economy for the past several days. Within a few weeks after the crash of Terra and Celsius, there has been a huge decline in cryptocurrencies. On the other hand, the US Federal Reserve has increased interest rates further, which is having a bad effect on the crypto sector. According to CoinMarketCap, the market capitalization of the crypto sector around March this year was $2 trillion (about Rs 15,610,304 crore). At present it has come to $ 892 billion (about Rs 89,265 crore).