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Red color in the crypto market: Bitcoin down 6% Ether 13% SHIB 30% and Dogecoin 27% – News

Cryptocurrency prices started to slide since the beginning of this week and the coin is struggling to hold steady gains. Today, i.e. on Thursday, May 12, according to the Indian exchange Coin Switch Kuber, bitcoin has registered a decline of 9 percent. At the time of writing the news, the price of bitcoin in India stood at $31,119 (approximately Rs 23.3 lakh). The world’s oldest cryptocurrency on global exchanges has suffered even more. The price of bitcoin was trading at $28,625 (about Rs 22 lakh) on global platforms like Binance and Coinbase.

ether Has suffered a lot today. The world’s second largest cryptocurrency lost 13.87 percent in the opening itself. At the time of writing this, the price of Ether was trading at $2,163 (approximately Rs 1.65 Lakh). Tether, USD Coin And Binance USD For example, stable coins have a slight advantage which is very minor. apart from these Gadgets 360 Crypto Price Chart I didn’t have any altcoins that are showing in green. Dogecoin And Shiba Inu Has suffered a heavy loss today. SHIB has suffered a massive 30 per cent drop and DOGE has a 27 per cent loss.

According to data from CoinMarketCap, the global cryptomarket capitalization currently stands at $1.17 trillion (approximately Rs 91,01,968 crore). In the midst of the ongoing bearish wave, market experts are expecting that the prices will bounce once again.

The CoinDCX research team told Gadgets 360 that conductive regulation not only protects users from danger, but it also ensures the growth of newly created markets like cryptocurrencies. Apart from this, it also plays a similar role for emerging technologies such as Web3. The team said that more countries of the world will adopt crypto regulation now.

Meanwhile, crypto-related firms are constantly raising funds to expand the scope of their services. For example, KuCoin recently raised $150 million (approximately Rs 1,158 crore) in funds from Circle Ventures and Jump Crypto. The firm’s confidence in cryptocurrencies also raises hopes of a rebound in the market.

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