Tuesday , June 18 2024

Pressure in crypto currency market, Bitcoin fell below the level of 52 thousand dollars

New Delhi, 17 February (HS). There is an atmosphere of pressure in the crypto currency market today. Out of the top-10 crypto currencies in terms of market cap, only 2 are trading with a slight increase, while 8 are seen trading in the red zone with a decline. The world's largest crypto currency Bitcoin has also fallen below the level of 52 thousand dollars today.

According to the information received from Coin Market Cap, the agency authorized to trade crypto currency in India, till 7 pm Indian time today, Bitcoin was trading with a decline of 0.96 percent at the level of $ 51,760.94 i.e. Rs 42.96 lakh. Similarly, the price of the world's second largest crypto currency Ethereum also fell today with a weakness of 1.49 percent to the level of $ 2,782.61.

Apart from Bitcoin and Ethereum, Solana was trading down by 2.32 percent, XRP by 2.82 percent, USD Coin by 0.01 percent, Cardano by 2.17 percent, Avalanche by 3.22 percent and Dogecoin by 2.15 percent. On the other hand, Tether was trading with a strength of 0.03 percent and BNB with a strength of 0.13 percent.

According to information received from Coin Market Cap, there has been a decline of 1.24 percent in the global market cap of crypto currency during the last 24 hours of trading. At present, the global market cap of crypto currency has decreased to 1.94 lakh crore dollars i.e. about Rs 161.02 lakh crore.

Along with the decline in global market cap, there has also been a decline in transactions of crypto currencies during the last 24 hours. During this period, a total of $ 6,548 crore i.e. Rs 5.43 lakh crore worth of crypto currency was transacted, which is 25.76 percent less than the day before. If we talk about the world's largest crypto currency Bitcoin, then despite the fall in the price, during the last 24 hours of trading, the position of this virtual currency in the crypto currency market has strengthened by 0.10 percent, due to which its market share has increased to 52.42 percent. Has been.