Lagatar24 Desk
Mumbai, Nov.23: Bitcoin showed hints of recovery over the weekend, but it has since fallen in value once more. Bitcoin is presently trading at $62,320 (approximately Rs. 46.4 lakh) on Indian market CoinSwitch Kuber, while the most popular cryptocurrency is valued at $56,656.44 on worldwide platforms like CoinMarketCap. Bitcoin has lost approximately 1.66 percent in the last 24 hours after closing at 3.67 percent on Monday. Since US President Joe Biden signed an infrastructure law requiring digital asset brokers to record and report transactions to the Internal Revenue Service beginning in 2023, Bitcoin has declined by over 9% in the last week.
The battle hasn’t been solely for Bitcoin. Ether has declined 0.67 percent in the last 24 hours to $4,572 (approximately Rs. 3.4 lakh) on CoinSwitch Kuber, while the second-largest crypto by market cap is valued at $4,171 on worldwide exchanges (roughly Rs. 3.1 lakh). The Ethereum-based cryptocurrency has lost about 13% of its value since its all-time high of $4,870 on November 10th, according to Gadgets 360’s cryptocurrency price tracker (roughly Rs. 3.61 lakh).
Altcoins appear to be the focus this week, according to the market tracker. Over the last 24 hours, Cardano, Uniswap, and Ripple have all increased in value, while Polkadot and Tether have seen a decline in value, but it hasn’t been significant for either coin.
Meme coins, Dogecoin and Shiba Inu have had a rough go of it in recent weeks, and DOGE is no exception. Shiba Inu is presently valued at $0.000044 (approximately Rs. 0.003285), up 1.46 percent in the last 24 hours. Dogecoin is currently trading at $0.24 (about Rs. 18.21), down 1.2 percent in the last 24 hours.
