Lagatar24 Desk
Mumbai, Feb 22: After making repeated advances last week, Bitcoin prices appear to be tumbling down the price ladder once more. BTC prices fell by 4.5 percent when trading began on Tuesday, February 22.
According to Indian exchange CoinSwitch Kuber, Bitcoin is currently priced at $39,734 (approximately Rs. 29.5 lakh). On international exchanges, the price of Bitcoin, the most valuable cryptocurrency by market capitalization, fluctuated similarly. Bitcoin is presently trading at around $36,969 (around Rs. 27.5 lakh) on Coinbase, Binance, and CoinMarketCap, down 5.44 percent.
Market volatility continues to weigh on bitcoin prices as tensions between Ukraine and Russia escalate. Bitcoin is currently struggling to reach its previous all-time high of $68,327 (approximately Rs. 51 lakh) achieved in November of last year.
Ether’s current trend is likewise similar to BTC’s. The value of ETH has dropped by 4.5 percent, according to Gadgets 360’s crypto price tracker. Ether, the most valuable altcoin by market capitalization, is currently selling at $2,678 (approximately Rs. 2 lakh) on exchanges like CoinDCX and WazirX.
On international exchanges like Coinbase and CoinMarketCap, the asset has lost approximately 7.3 percent of its value, bringing its trade value to $2,523 USD (roughly Rs. 1.5 lakh).
The majority of altcoins started the day with losses on the price charts including Shiba Inu and Dogecoin, Binance Coin, Ripple, Cardano, Solana, Polkadot, and other cryptocurrencies.
However, Tether, USD Coin, and Binance USD all gained 0.40, 0.43, and 0.02 percent, respectively.
Meanwhile, according to CoinMarketCap, the entire market capitalization of the crypto industry is $1.64 trillion (approximately Rs. 122,55,720 crore), down from $1.72 trillion (about Rs. 128,53,560 crore) last week.
