Crypto Price : Bitcoin and Ethereum prices down 16%

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Crypto Price : Bitcoin and Ethereum prices down 16%
Crypto and Bitcoin price

Crypto Price

  • Highlights
  • BTC is trading at $23,331 (approximately Rs 1.8 lakh).
  • The current price of Ether is $1,238 (~Rs. 96,665).
  • Cryptocurrency market cap is $963 billion (approximately Rs 75,157.7 crore)

Bitcoin and Ethereum prices down 16% – Crypto Price

Days are getting harder for the cryptocurrency industry. Bitcoin, the world’s most popular cryptocurrency, fell 16.51% on Tuesday. According to data from Indian exchange Coinswitch Kuber, BTC is trading at $23,331 (approximately Rs 1.8 million). The reasons for Bitcoin’s decline are believed to be the collapse of the Celsius network of cryptocurrency lending platform and rising inflation in the United States. Even on international exchanges, Bitcoin was trading at $21,924 (approximately Rs 17,000,000), down more than 16.42 percent.

Crypto Price

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This is the lowest level in six months since the last high of around $68,000 (about Rs 5.3 crore) in November last year. Meanwhile, ether, the world’s second-largest cryptocurrency, appears to be following the path of bitcoin. It recorded a loss of over 15.40%. According to Gadgets 360’s cryptocurrency price tracker, the cryptocurrency’s current price is $1,238 (~Rs. 96,665).

Most altcoins suffered heavy losses due to the collapse of the two major cryptocurrencies in the market. These coins include Binance Coin, Cardano, Solana, Polkadot, Tron and Avalanche. Shiba Inu and Dodgecoin, also known as Mim Coin, also experienced price drops.

The global cryptocurrency market capitalization is now at $963 billion (approximately Rs 75,157.7 crore) after a 13.74% drop in the past 24 hours.

Crypto Price

Also read :- Dogecoin News – The next update of Dogecoin will release many changes and leaks of details.

Meanwhile, some cryptocurrencies have increased their prices. These include Tether, Chainlink, Decentraland, Bitcoin SV and Elrond. Meanwhile, industry experts are optimistic about future market recovery.

Speaking of the Celsius Network, the decision to suspend all withdrawals from lending platforms has serious implications for the cryptocurrency market. Meanwhile, Celcius Network cited extreme market conditions.

At the same time, the number of Bitcoin ATM installations around the world has exploded. Coin ATM Radar provided this information in a recent report. According to reports, in the first 10 days of June alone, more than 882 Bitcoin ATMs were installed in different regions of the world.

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