Crypto Market Reversed, Huge Losses In Bitcoin and All Popular Altcoins

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Crypto Market Reversed, Huge Losses In Bitcoin and All Popular Altcoins

Crypto Market Reversed, Huge Losses In Bitcoin and All Popular Altcoins
The Cryptocurrency market has once again taken a turn and today once again the entire cryptocurrency price chart is showing red color. All the popular altcoins, which made gains over the weekend, are down again today. These also include top cryptocurrencies like bitcoin and ether. The world’s largest cryptocurrency, Bitcoin, has once again come down to 30 thousand dollars (about 23 lakh rupees). The price of bitcoin has declined by about 5 percent today. Globally, the price of bitcoin is currently trading at $29,500 (about Rs 23 lakh). At the same time, the price of bitcoin on the Indian exchange Coinswitch Kuber remains at $ 31,622 (about Rs 24.6 lakh). Which is a decline of 3.33 percent in the last 24 hours.

On global exchanges like CoinMarketCap, Coinbase and Binance, the price of bitcoin is trading at $29,512 (approximately Rs.23 lakh) which is a decline of 5.4 percent in the last 24 hours. Statistics from CoinGecko show that its value has dropped below 7.1 percent in week-to-day performance. Ether also followed bitcoin and lost the same price as bitcoin today. The world’s second largest cryptocurrency entered trading a day earlier with a lot of strength but it could not sustain that surge for 24 hours.

At the time of writing this, Ether was priced at $1,863 (approximately Rs 1.4 lakh) on the Indian exchange Coinswitch Kuber. At the same time, it was priced at $1,757 (about Rs 1.35 lakh) on global exchanges. Its price has declined by 6.01 percent in the last 24 hours. The Gadgets 360 Crypto Price Tracker shows that today all popular altcoins are in the red and the global crypto market capitalization has fallen by 4.85 percent. Solana, Polygon, Litecoin, Uniswap and Avalanche have registered major declines.


Mime cryptocurrencies Shiba Inu and Dogecoin also saw a drop in the price during the day. Dodgecoin is trading at $0.08 (approximately Rs.6.5) after a drop of 3.08 per cent in the last 24 hours, while the Shiba Inu is priced at $0.0000011 (approximately Rs.0.000868), down 4.09 per cent from the previous day.

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