Sunday , November 24 2024

Mixed trading in crypto currency market, Bitcoin and Ethereum decline

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New Delhi, July 31 (HS). The crypto currency market is seeing mixed trading today. Out of the top-10 cryptocurrencies in terms of market cap, 5 are trading in the red zone with a decline, while only 4 are trading in the green zone with an increase. There has been no change in the market price of a single cryptocurrency during the last 24 hours. The world's largest cryptocurrency Bitcoin has once again fallen below the level of Rs 56 lakh. Similarly, the second largest cryptocurrency Ethereum has also fallen below the level of Rs 3 lakh during the last 24 hours.

According to information received from Coin Market Cap, an agency authorized to trade crypto currency in India, by 6 pm today, Bitcoin was trading at Rs 55.34 lakh with a decline of 0.65 percent according to Indian time. Similarly, the price of Ethereum also fell by 0.63 percent today to Rs 2.77 lakh.

Apart from Bitcoin and Ethereum, Tether was trading with a weakness of 0.04 percent, Dogecoin 3.99 percent and Cardano 0.65 percent. On the other hand, BNB was trading with a strength of 2.07 percent, Solana 0.80 percent, XRP 4.46 percent and Toncoin 2.55 percent. There was no change in the price of USD Coin during the last 24 hours.

According to the information received from Coin Market Cap, the global market cap of crypto currency has declined by 0.72 percent during the last 24 hours of trading. Currently, the global market cap of crypto currency has come down to Rs 199.01 lakh crore.

Along with the fall in the global market cap, the transactions of cryptocurrencies have also declined during the last 24 hours. A total of Rs 5.34 lakh crore worth of cryptocurrencies were transacted during this period, which is 18.61 percent less than a day earlier. If we talk about the world's largest cryptocurrency bitcoin, then along with the fall in price, the position of this virtual currency in the crypto currency market has also weakened by 0.06 percent during the last 24 hours of trading, due to which its market share has come down to 54.78 percent.