On international markets, the price of Bitcoin has dropped to $65,625.38, or about RS. 54.9 lakh.
When the week began, the price of bitcoin was trading at $69,535 (approximately Rs. 58 lakh). It has since fallen significantly. Over the past day, the asset has lost more than two percent on foreign exchanges such as CoinMarketCap. As a result, the price of Bitcoin dropped to $65,625.38 (around RS. 54.9 lakh) on international markets. In the meantime, the value of Bitcoin fell by about 1% on Indian markets, putting its price between $66,090 (about Rs. 55.3 lakh) and $70,230 (about Rs. 58.8 lakh).
"After the US government removed Bitcoin tokens connected to the Silk Road, the price of BTC has dropped. The price may rise throughout the next few sessions if there is a clear break above the $66,500 (about Rs. 55.6 lakh) resistance. However, Edul Patel, CEO of Mudrex, warned Gadgets360 that Bitcoin would drop even more if it is unable to overcome this obstacle. According to reports, the US government has transferred Bitcoin tokens connected to the now-defunct Silk Road dark web marketplace worth $2 billion, or around Rs. 16,746 crore.
In the previous day, the price of ether decreased by 1.28 percent. The price of ETH is currently $3,272 (about Rs. 2.73 lakh) on worldwide exchanges, while it is $3,482 (about Rs. 2.91 lakh) in India.
In light of Grayscale's ETF's net withdrawals of $120 million (about Rs. 1,004 crore) for the day, ETH also saw a decline, closing below $3,300 (about Rs. 2.76 lakh). Even if the decline persists, Ethereum has a strong support level at $2,800, or about Rs. 2.34 lakh, the CoinSwitch trading department informed Gadgets360.
In reflecting losses, Tether, USD Coin, Dogecoin, Cardano, Shiba Inu, and Polkadot joined Bitcoin and Ethereum.
In the meantime, there were gains for Litecoin, Leo, Near Protocol, Chainlink, Solana, Ripple, and Binance Coin.
In reflecting losses, Tether, USD Coin, Dogecoin, Cardano, Shiba Inu, and Polkadot joined Bitcoin and Ethereum.
In the meantime, there were gains for Litecoin, Leo, Near Protocol, Chainlink, Solana, Ripple, and Binance Coin.
According to CoinMarketCap, the total value of the cryptocurrency market fell by about 1% in the previous day, with a capitalization of $2.37 trillion (about Rs. 1,94,27,517 crore).
Not a form of legal cash, cryptocurrency is an unregulated digital currency that is vulnerable to market fluctuations. The content in this post is not meant to be, and does not represent, trading advice, financial advice, or any other kind of advise or recommendation that NDTV may offer or support. Any loss resulting from an investment made in response to a perceived forecast, advice, or other piece of information is not NDTV's responsibility.
Not a form of legal cash, cryptocurrency is an unregulated digital currency that is vulnerable to market fluctuations. The content in this post is not meant to be, and does not represent, trading advice, financial advice, or any other kind of advise or recommendation that NDTV may offer or support. Any loss resulting from an investment made in response to a perceived forecast, advice, or other piece of information is not NDTV's responsibility.
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