By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
    • Event List
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Bitcoin, Ether, Dogecoin, Shiba Inu See Big Drops as Global Crypto Market Cap Slides 5 Percent
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
    • About us
    • About Hinza Asif
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
    • Event List
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > News > CRYPTOPEDIA > BITCOIN NEWS > Bitcoin, Ether, Dogecoin, Shiba Inu See Big Drops as Global Crypto Market Cap Slides 5 Percent
BITCOIN NEWSNews

Bitcoin, Ether, Dogecoin, Shiba Inu See Big Drops as Global Crypto Market Cap Slides 5 Percent

NFT Studio 24
Posted NFT Studio 24 November 19, 2021 872 Views 5 Min Read
Updated 2023/01/21 at 10:10 PM
Share
Bitcoin, Ether, Dogecoin, Shiba Inu See Big Drops as Global Crypto Market
SHARE

BTC prices have continued their slip despite hints of recovery on Thursday morning. Bitcoin is currently trading at $60,879 (roughly Rs. 45.2 lakh) on the Indian exchange CoinSwitch Kuber while global exchanges like CoinMarketCap value the most popular cryptocurrency at $55,950 (roughly Rs. 41.5 lakh).

Contents
Bitcoin price has had a free-fall since hitting $68,990 (roughly Rs. 51.18 lakh) on November 10.The crypto market tracker certainly isn’t a pleasant sight today as red dominates the 24-hour change tab. Cardano, Polygon, Ripple, Polkadot, and Tether saw big slips.The government aims to introduce and pass a cryptocurrency law in the parliamentary session that begins this month.

Bitcoin price has had a free-fall since hitting $68,990 (roughly Rs. 51.18 lakh) on November 10.

Talking percentages, the past 24 hours have seen Bitcoin slide 7.55 percent, dipping well below the $60,000 (roughly Rs. 44.7 lakh) mark that it’s been hovering around for the past few days.

This also marks the cryptocurrency’s lowest valuation in over a month, a stark contrast from the $68,990 (roughly Rs. 51.18 lakh) all-time high achieved last week.

Bitcoin’s struggles appear to have percolated to every other crypto asset too, as the global crypto market capitalisation saw a 5 percent dip overall. Ether dropped 6.84 percent over the past 24 hours to be valued at $4,406 (roughly Rs. 3.27 lakh) on CoinSwitch Kuber while values on global exchanges see an average dip of 5.28 percent to $4,042 (roughly Rs. 3 lakh). Gadgets 360’s cryptocurrency price tracker shows that the Ethereum-based cryptocurrency has seen a correction of more than 15 percent since its November 10 all-time high of $4,870 (roughly Rs. 3.61 lakh).

“The crypto market witnessed a volatile 24 hours as Bitcoin dropped towards the $57,000 [roughly Rs. 42.3 lakh]. The largest altcoin, Ether, moved closer to the $4000 [roughly Rs. 2.96 lakh] mark. All of the top 30 cryptos, barring the stablecoins, ended in red. With the weekend approaching, the coming 24 hours would likely remain volatile,” states Edul Patel, CEO and co-founder of AI-driven crypto investment platform, Mudrex.

The crypto market tracker certainly isn’t a pleasant sight today as red dominates the 24-hour change tab. Cardano, Polygon, Ripple, Polkadot, and Tether saw big slips.

through Thursday. While DOGE is currently trading at $0.23 (roughly Rs. 17.80) down by 9.21 percent in the past 24 hours, Shiba Inu is valued at $0.000042 (roughly Rs. 0.003149), down a whopping 11.95 percent.

On Thursday, Prime Minister Narendra Modi said all democratic nations must work together to ensure cryptocurrency “does not end up in wrong hands, which can spoil our youth” during a keynote address. PM Modi’s first public comments on the topic of cryptocurrencies happened after he convened a high-level meeting with market players last week, held to discuss issues related to crypto regulation and to hear concerns over the current state of affairs in the unregulated crypto market in India.

The government aims to introduce and pass a cryptocurrency law in the parliamentary session that begins this month.

Closer home, the Chinese government isn’t letting up any pressure on its internal crackdown on crypto as popular cryptocurrency news outlets now appear to have begun suspending operations. Crypto outlets ChainNews and Odaily have both become inaccessible over the past few days and neither of the outlets have stated a reason. Instead, both outlets have continued their activity on Twitter and Telegram, apps that are banned in China.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Read More: https://gadgets.ndtv.com/

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Whatsapp Whatsapp
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article The Perth Heat Major Australian Baseball League Team Perth Heat to Pay Players in Bitcoin and Hold BTC on Balance Sheet
Next Article NFTs NFTs Are Huge. But What Exactly Is A Non-Fungible Token? 10-Point Guide

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest Tweet

Tweets by nftstudio24
  • INTERVIEW, NewsJan 13, 2023

    NFTStudio24 Interview with Michael Sofaer from Pylons, Ryan Day from Blockworks, and Nick Vale from ReNFT

    NFTStudio24 held a podcast interview with Michael Sofaer from
    Read More
  • PRESS RELEASESep 21, 2023

    Partnerships Announced at Climate Chain Coalition Press Conference at UNFCCC Conference in Bonn

    Bonn, Germany, June 1, 2023,  The Slovenian Ministry of
    Read More
  • EVENTS, WEB3Sep 20, 2023

    Stablecoin Summit 2023: How Stablecoin Growth Potential in Asia & Beyond Can Empower Emerging Economies

    Stablecoin Summit concludes its first conference in Singapore by
    Read More
  • PRESS RELEASE, WEB3Sep 20, 2023

    Next Block Expo Returns to Berlin – Leading European Blockchain Festival to be Held on December 4-5th, 2023 at CineStar CUBIX, Alexanderplatz.

    Next Block Expo (NBX), the Blockchain Festival of Europe,
    Read More
  • PRESS RELEASESep 20, 2023

    Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

    Dubai, UAE —The Blockchain Economy Dubai Summit is generating
    Read More
  • EVENTS, WEB3Sep 19, 2023

    TOKEN2049: Singapore Sparks Bullish Sentiment, NFTStudio24 Concludes its Successful Trip

    TOKEN2049 is all about being bullish and celebrating the
    Read More