Thursday, August 11, 2022
BusinessCryptocurrency Ethereum fell 7%, Bitcoin fell to a seven-day low, know why...

Cryptocurrency Ethereum fell 7%, Bitcoin fell to a seven-day low, know why the crypto market scared

Cryptocurrency Prices Today: Global cryptocurrency market fell again today and bitcoin fell to the lowest level of last one week

Cryptocurrency Prices Today: The global cryptocurrency market fell again today and bitcoin fell to its lowest level in a week. The news of the Federal Reserve raising interest once again and keeping an eye on the crypto market has caused an uproar in the crypto market. Bitcoin is trading in the range of $21,000 to $22000. The world’s largest and most popular cryptocurrency, bitcoin, fell four per cent and was seen trading at $21,069.

Drop in Ethereum

Ethereum in the cryptocurrency market fell 7 percent in the last 24 hours and was seen trading at $1,418. Ether is the second largest cryptocurrency in the world. Ethereum is down 55 per cent this year. Ether’s high has been at $4,878 and it is currently well behind its all-time high.

At the recent Ethereum Community Conference (EthCC) in Paris, co-founder Vitalik Buterin said that Ether’s network will be 55 percent complete when the merge upgrade is completed.

Shiba inu and Dogecoin

The Shiba Inu was down 7 percent and it was seen trading at $ 0.0000011. dogecoin also fell 4 percent today and appeared at $0.06.

Here is the condition of other cryptos

The prices of XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Apecoin, Avalanche, Polkadot, Polygon, Tether, Uniswap declined in the last 24 hours.

Above $1 Trillion – Market Cap ofthe Crypto Market

Today, most of the major cryptocurrencies declined, but even then the market cap of crypto remained above $1 trillion. The market cap of the global cryptocurrency market fell by 4 per cent in the last 24 hours to a market cap of $1.01 trillion. The market cap of the global crypto market was at its peak i.e. $2.9 trillion in November 2021. Right now it is far behind its peak.

Covid India Active Cases

India
125,076
Total active cases
Updated on August 11, 2022 2:04 pm