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The price of Bitcoin, Ether fell by 16 percent, know the condition of the rest of the cryptocurrency – News

The days are getting harder and harder for the cryptocurrency industry. On Tuesday, the world’s most popular cryptocurrency Bitcoin (Bitcoin) recorded a fall of 16.51 percent in prices. According to the Indian exchange Coinswitch Kuber, BTC is trading at $23,331 (approximately Rs 18 lakh). The reason for this decline in bitcoin is believed to be the crash of the crypto lending platform, Celsius Network, along with the increased inflation rate in the US. On the international exchanges too, bitcoin was trading at $ 21,924 (about Rs 17 lakh), down more than 16.42 percent.

After touching its last high mark of around $68,000 (approximately Rs 53 lakh) in November last year, it has increased in the last 6 months. bitcoin The lowest level ever. At the same time, the world’s second most popular cryptocurrency Ether (ether) also seems to be following the path of bitcoin. It has registered a loss of more than 15.40 per cent. Gadgets 360 crypto price tracker The price of the cryptocurrency is currently at $1,238 (approximately Rs.

Most of the altcoins also suffered significant losses due to the collapse of the two major cryptocurrencies in the market. in these Binance Coin, Cardano, Solana, Polkadot, Tron and Avalanche. Shiba Inu and Dodgecoin, known as Mim Coins, have also seen price losses.

The global crypto market cap currently stands at $963 billion (approximately Rs 75,15,077 crore) after registering a decline of 13.74 per cent in the last 24 hours.

Meanwhile, some cryptocurrencies have seen an uptick in price charges. These include Tether, Chainlink, Decentraland, Bitcoin SV and Elrond. Meanwhile, industry experts are optimistic about the recovery in the market, which they see in the times to come.

Speaking of Celsius Network, the decision to suspend all withdrawals on its Lending Platform has seriously affected the crypto market. At the same time, Celsius Network has cited extreme market conditions behind this.

Meanwhile, there has been a boom in the installation of bitcoin ATMs around the world. Coin ATM Radar has given this information in its recent report. Reportedly, over 882 bitcoin ATMs have been installed in different parts of the world in the first ten days of June alone.

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