Bitcoin has hit a one-month low, the world most popu;ar cryptocurrency, has fallen by about 10% and reached the level of $34,618. A part from Bitcoin, Ether, Dogecoin and other cryptocurrencies saw declines.
Cryptocurrency prices today dropped as Russian president decision to conduct militaryoperations in eastern Ukraine,with Bitcoin on-month low. The crypto benemoth slipped below $34,500 levels from $39,122 earlier. However, it recovered back to $34,732 by 13:00 hours IST, the data from coin market cap suggest. The total volumes zoomed over 41 % as bitcoin worth $32.5 billion exchange hands in the last 24 hours, the data suggest.
Global crypto exchanges looking at the Indian market are awaiting more clarity on crypto regulations to make entry and investment decisions even after the government announced a tax regime in the budget.
Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also tanked about 10% to $2,373.
Meanwhile, Dogecoin prices were trending over 12% lower at $0.11 whereas Shiba Inu also fell about 10% to $0.000022. The performance of other coin also plummeted as Solana,XRP, Terra Avalanche, Steller, Polkadot prices were trading with cuts in the range 0f 8-15%.
Bitcoin dipped below $40,000 level over the weekend and kept weakening as the Ukraine crisis depend, undermining the argument that cryptocurrencies are a have in times of geopolitical turmoil.
Dogecoin and Ethereum declined upto 12%
At the same time, the Dogecoin cryptocurrency was down more than 12% at the level of $0.11. While Shiba Inu also fell by 10% to reach the level of $0.000022.
Ehereum current value is $2,470.43 USD with a24 hour trading volme of $24,160,852 USD. Ehereum is down 7.92% in the last 24 hours. the current coin market cap ranking #2, with alive market cap of $295,746,030,185 USD.
Market cap halved les than 5 months-
In the last 24 hours, the market cap of global cryptocurrencies has fallen by about 8%. According to a report official market , the market cap of cryptocurrencies has slahed in half to a level of $1.5 trillion in less than 5 months. According to the reports, the market cap of cryptocurrencies fell to $ 1.58 trillion on thursday after Rusia ordered military action in Ukraine. The market cap of cryptocurrencies reached $3 trillion in November 2021. The decline in the market cap of global cryptocurrencies in terms of value is more than the GDP of many countries like Australia, Spain, Saudi Arabia, South Korea.
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Cryptocurrency