Bitcoin and other major cryptocurrencies have continued their disappointing start. The world’s most popular cryptocurrency has restricted itself to the mark of $21,000 (approximately Rs 16.3 lakh), so that the prices do not fall further. Despite this, the prospects are not looking good for Bitcoin yet. In terms of market capitalization, this world’s top cryptocurrency has slipped more than 8 percent in a day. Currently, its value on global exchanges is hovering around $ 21,050 (about Rs 16.3 lakh). The value of bitcoin on Indian exchange Coinswitch Kuber is $22,587 (approximately Rs 17.5 lakh), down 8.34 per cent in the last 24 hours.
On global exchanges such as CoinMarketCap, Coinbase and Binance, bitcoin is priced at $21,061 (approximately Rs 16.36 lakh), while data from CoinGecko shows that the value of BTC is down about 33 per cent week-on-day.
Aside bitcoin There is a period of fall in the prices of ether Hasn’t done much better either. The world’s second most popular cryptocurrency struggled to cross the $2,000 mark (about Rs 1.55 lakh) last week and is now battling around the $1,100 (approximately Rs 85,000) mark. Ether is valued at $1,194 (approximately Rs 93,000) on Coinswitch Kuber as of writing this report, while it is priced at $1,118 (approximately Rs 87,000) on global exchanges. The cryptocurrency is down 9 percent in the last 24 hours.
Gadgets 360’s cryptocurrency price tracker A similar situation states for most altcoins. Global crypto market capitalization has declined by 3.6 percent in the last 24 hours.
BNB, Polkadot, Avalanche, Solana, Uniswap and Chainlink all saw price drops. Cryptocurrencies like Polygon and Monero are seeing losses up to double that.
Popular Shiba Inu and Dogecoin in the form of Mime Coins have seen a big fall once again. Dodgecoin is currently valued at $0.05 (approximately Rs 4.5), after a price drop of about 11 per cent over the past 24 hours, while the Shiba Inu is valued at $0.0000084 (approximately 0.000658). This is 5.87 percent less than the previous day.