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Mild improvement in Bitcoin, Ether, but bad for other altcoins! Know Latest Price

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Dodgecoin

HIGHLIGHTS :

  • Almost all popular altcoins are colored red
  • Dodgecoin price is at $0.12 (about Rs.10)
  • Terra is down 61 percent in the last 24 hours

Ether price is trading at $2,525 (approx Rs 1.95 lakh) on the Indian exchange Coinswitch Kuber

Almost all popular altcoins are colored red

The entire cryptocurrency market, including Bitcoin, has been going through a recession for the past several days. During this, the price of bitcoin came down to $30,000 (about Rs 23 lakh) on Monday. However, there was a slight improvement in its price on Tuesday. Bitcoin price is currently trading at $33,095 (approximately Rs 25.5 lakh) on Indian exchange Coinswitch Kuber, a drop of 1.05 percent in the last 24 hours.

The price of bitcoin on global exchanges like CoinMarketCap, Coinbase, and Binance is $31,266 (approximately Rs.24 lakh) which is an increase of 0.30 percent in the last 24 hours. According to CoinGecko data, its price is down 16.2 percent in week-to-day performance.

Terra is down 61 percent in the last 24 hours

Ether has also seen a slight improvement. Ether was priced at $2,525 (approximately Rs 1.95 lakh) on the Indian exchange Coinswitch Kuber at the time of writing the news. Its price on global exchanges is $2,393 (approximately Rs 1.85 lakh) which is an increase of 1.19 percent in the last 24 hours. Its price is down 14.2 percent in week-to-day performance.

The Gadgets 360 Cryptocurrency Price Tracker shows that almost all popular altcoins are colored red. Not only this, there is also a decline in stable coins. Of these, Terra has suffered the most, which has fallen 61 percent in the last 24 hours. Meanwhile, Uniswap, Cosmos, Avalanche, Cardano, Chainlink, Polygon, and Solana have also declined.

Looking at the Mime cryptocurrencies, the share of Shiba Inu and Dogecoin has also declined. Dodgecoin is priced at $0.12 (approximately Rs.10) after a decline of 3.72 percent in the last 24 hours and the Shiba Inu is down by 3.66 percent in the last 24 hours. At the time of writing the news, the price of Shiba Inu was at $0.000017 (approximately Rs.0.0013).

Bitcoin fell to its lowest in 16 months on Thursday, leading a rush out of risk assets such as tech stocks, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets.

The world’s largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000.

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