9 of the top 10 cryptocurrencies are in the red zone, Bitcoin slips below $56

New Delhi, July 05 (HS). The crypto currency market remained under tremendous pressure for the fourth consecutive day on Friday. In terms of market cap, 9 of the top-10 crypto currencies are trading in the red zone with a decline, while only Tether is trading in the green zone with a slight increase. Due to the pressure in the market, the world's largest crypto currency Bitcoin has fallen by more than 4 percent and is below the level of 56 thousand dollars. Similarly, the second largest crypto currency Ethereum has also fallen below the level of 3 thousand dollars with a decline of more than 7 percent during the last 24 hours.

According to Coin Market Cap, the agency authorized to trade crypto currency in India, till 6 pm today, according to Indian time, Bitcoin was trading at a level of $ 55,258.02 i.e. Rs 46.13 lakh, with a decline of 4.31 percent. Similarly, the price of Ethereum also fell by 7.12 percent today to a level of $ 2,934.50.

Apart from Bitcoin and Ethereum, BNB was trading with a weakness of 8.94 percent, Solana 3.31 percent, USD Coin 0.02 percent, XRP 8.44 percent, Toncoin 6.39 percent, Dogecoin 10.29 percent and Cardano 11.84 percent. On the other hand, Tether was trading with a marginal gain of 0.11 percent. During the last 24 hours of trading, the global market cap of cryptocurrencies has declined by 5.58 percent. Currently, the global market cap of cryptocurrencies has come down to $2.02 trillion i.e. around Rs 168.67 lakh crore.

Despite the fall in the global market cap, there has been an increase in the transactions of cryptocurrencies during the last 24 hours. During this period, a total of $ 12,393 crore i.e. Rs 10.34 lakh crore worth of cryptocurrencies were transacted, which is 36.45 percent more than a day earlier. If we talk about the world's largest cryptocurrency bitcoin, then despite the fall in price, the position of this virtual currency has strengthened by 0.64 percent in the crypto currency market during the last 24 hours of trading, due to which its market share has increased to 54.03 percent.