Tuesday , December 24 2024

Tremendous decline in crypto currency market, bitcoin below 64 thousand dollars

New Delhi, June 21 (HS). Today, chaos-like conditions are seen in the crypto currency market. There is an atmosphere of pressure from all sides in the market. Due to this pressure, all the crypto currencies included in the top-10 in terms of market cap, including the world's largest crypto currency Bitcoin and the second largest crypto currency Ethereum, are trading in the red zone with a decline. In today's trading, Bitcoin has fallen by more than 3 percent and has reached below the level of 64 thousand dollars.

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 $ 63,953.29 i.e. Rs 53.45 lakh, with a decline of 3.54 percent. Similarly, the price of Ethereum also fell by 2.85 percent today to a level of $ 3,502.37.

Apart from Bitcoin and Ethereum, Tether was trading with a weakness of 0.03 percent, BNB 3.48 percent, Solana 6.21 percent, USD Coin 0.01 percent, XRP 1.74 percent, Dogecoin 2.39 percent, Toncoin 1.84 percent and Cardano 2.61 percent. According to Coin Market Cap, the global market cap of crypto currency has declined by 3.37 percent during the last 24 hours of trading. Currently, the global market cap of crypto currency has come down to $ 2.34 trillion i.e. about Rs 195.55 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 7,008 crore dollars i.e. 5.86 lakh crore rupees worth of cryptocurrencies were transacted, which is 17.40 percent more 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 cryptocurrency market has weakened by 0.20 percent during the last 24 hours of trading, due to which its market share has come down to 53.90 percent.