Friday , June 14 2024

There is a declining environment in the crypto currency market, 7 top 10 virtual currencies including Bitcoin weakened

New Delhi, 21 February (HS). There is an atmosphere of sluggishness in the crypto currency market today. Out of the top-10 crypto currencies in terms of market cap, only 2 are seen trading with a slight increase and 7 with a decline, while the price of 1 has remained unchanged during the last 24 hours. During these 24 hours, Bitcoin slipped by 1.61 percent but its market share has increased during this period.

According to the information received from Coin Market Cap, the agency authorized to trade crypto currency in India, till 6 pm Indian time today, Bitcoin was trading at the level of $ 51,295.68 i.e. Rs 42.55 lakh with a decline of 1.61 percent. Similarly, the price of the world's second largest crypto currency Ethereum also fell today with a weakness of 0.47 percent to the level of $ 2,923.32.

Apart from Bitcoin and Ethereum, Tether was trading down by 0.03 percent, Solana by 6.07 percent, XRP by 4.92 percent, Cardano by 6.69 percent and Avalanche by 5.18 percent. On the other hand, BNB was trading with a strength of 2.11 percent and Tron was trading with a strength of 1.11 percent. There was no change in the price of USD Coin during the last 24 hours.

According to information received from Coin Market Cap, there has been a decline of 1.51 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 1.95 lakh crore dollars i.e. about Rs 161.76 lakh crore.

Despite the decline in global market cap, there has been a rise in transactions of crypto currencies during the last 24 hours. During this period, a total of $ 9,204 crore i.e. Rs 7.63 lakh crore worth of crypto currency was transacted, which is 31.18 percent more 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 0.03 percent, due to which its market share has increased to 51.72 percent. Has been.