Crypto Market Crash Bitcoin Ethereum At New Low Mark Know Investors Lost Rs 22 Lakh Crore

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Cryptocurrency prices fell.

Cryptocurrency prices fell.
– photo: istock

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The crypto market is ripping off investors every day. From bitcoin to litecoin and polkadot, almost all the cryptocurrencies in the top-10 have experienced a strong decline for a long time. The latest is that the total market capitalization of cryptocurrencies this week has come down to one trillion dollars. On January 10, the crypto market capitalization was $1.87 trillion, falling to $88 trillion on Saturday. Meanwhile, the price of bitcoin and ethereum are making new records that are being broken with each passing day.

The price of bitcoin collapsed and reached here
The world’s most popular cryptocurrency, bitcoin, has seen a nine percent decline in the last 24 hours, its value falling by Rs 1,53,584 to Rs 16,09,188. At this price, the market value of bitcoin has also fallen to $31.4 trillion. Apart from this, the price of Ethereum, the second most preferred cryptocurrency after bitcoin, has also fallen by 9.23 percent and it has dropped by Rs 8,499 to Rs 83,618. With this, the market cap has also dropped to 10.5 trillion. It is also worth noting that amid the continued decline from the past few days, Tether Coin, which is trading with ongoing gains, has now fallen, falling marginally to Rs 83.43.

Rs 22 lakh crore sunk in a week
Investors have been losing sleep over the outcry caused by this huge fall in the crypto market. The prices of most cryptocurrencies have fallen throughout this week. In the last seven days alone, those investing in the cryptocurrency market have lost Rs 22 lakh crore. This week has turned out to be very bad not only for the crypto market but also for the stock markets and investors from America to Indian markets have suffered heavy losses. Bitcoin and Ethereum have fallen so far from their highs that there is little hope of a recent recovery.

Fall in these currencies including Binance
Binance Coin is also in bad shape during this period of decline in the crypto market. It has seen a drop of eight percent in a single day and its price has dropped by Rs 1369 to Rs 16,947. Talking about Ripple, it has registered a decrease of seven percent and Solana with 7.89 percent. The price of Dodgecoin has fallen by 6.26 percent to Rs 4.54. With this, the price of Polkadot included in the top-10 has fallen by 8.11 percent to Rs 565. The price of Avbench has also fallen sharply and it has fallen 7.37 percent to Rs 1,270. Talking about Shiba Inu, its price is down by five percent to Rs 0.000655 and Litecoin is down by 3.37 percent to Rs 3,783.

Expansion

The crypto market is ripping off investors every day. From bitcoin to litecoin and polkadot, almost all the cryptocurrencies in the top-10 have experienced a strong decline for a long time. The latest is that the total market capitalization of cryptocurrencies this week has come down to one trillion dollars. On January 10, the crypto market capitalization was $1.87 trillion, falling to $88 trillion on Saturday. Meanwhile, the price of bitcoin and ethereum are making new records that are being broken with each passing day.

The price of bitcoin collapsed and reached here

The world’s most popular cryptocurrency, bitcoin, has seen a nine percent decline in the last 24 hours, its value falling by Rs 1,53,584 to Rs 16,09,188. At this price, the market value of bitcoin has also fallen to $31.4 trillion. Apart from this, the price of Ethereum, the second most preferred cryptocurrency after bitcoin, has also fallen by 9.23 percent and it has dropped by Rs 8,499 to Rs 83,618. With this, the market cap has also dropped to 10.5 trillion. It is also worth noting that amid the continued decline from the past few days, Tether Coin, which is trading with ongoing gains, has now fallen, falling marginally to Rs 83.43.

Rs 22 lakh crore sunk in a week

Investors have been losing sleep over the outcry caused by this huge fall in the crypto market. The prices of most cryptocurrencies have fallen throughout this week. In the last seven days alone, those investing in the cryptocurrency market have lost Rs 22 lakh crore. This week has turned out to be very bad not only for the crypto market but also for the stock markets and investors from America to Indian markets have suffered heavy losses. Bitcoin and Ethereum have fallen so far from their highs that there is little hope of a recent recovery.

Fall in these currencies including Binance

Binance Coin is also in bad shape during this period of decline in the crypto market. It has seen a drop of eight percent in a single day and its price has dropped by Rs 1369 to Rs 16,947. Talking about Ripple, it has registered a decrease of seven percent and Solana with 7.89 percent. The price of Dodgecoin has fallen by 6.26 percent to Rs 4.54. With this, the price of Polkadot included in the top-10 has fallen by 8.11 percent to Rs 565. The price of Avbench has also fallen sharply and it has fallen 7.37 percent to Rs 1,270. Talking about Shiba Inu, its price is down by five percent to Rs 0.000655 and Litecoin is down by 3.37 percent to Rs 3,783.



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