Lagatar24 Desk
Mumbai,Mar 7: Over the last 24 hours, the global crypto market has shown a mixed trend.
In the case of Bitcoin and certain altcoins, this adjustment resulted in bullishness, while others reversed course and suffered minor losses. T
he world’s most valuable cryptocurrency fell by 1.8 percent on Monday and experienced a minor shift early Tuesday, showing a 0.71 percent increase in value over the previous 24 hours. On the Indian exchange CoinSwitch Kuber, Bitcoin is currently worth $40,037 (approximately Rs. 31 lakh).
Meanwhile, the most popular cryptocurrency’s price fell below $40,000 (approximately Rs. 31 lakh) on worldwide exchanges, rising 0.76 percent in the last 24 hours to $38,389 (about Rs. 29.5 lakh).
Bitcoin has lost nearly 11% of its value in the last week, according to CoinGecko, as Russia’s invasion of Ukraine continues to cause volatility in the wider crypto market.
Ether, the second-largest cryptocurrency in terms of market capitalization, has also lost value in the last week. Ether is currently valued at $2,630 (approximately Rs. 2 lakh) on CoinSwitch Kuber, while the crypto’s value on worldwide exchanges is hovering around $2,500 (roughly Rs. 2 lakh) at $2,521 (about Rs. 2 lakh), where the coin has gained 0.56 percent in the last 24 hours. According to CoinGecko data, the value of Ether has dropped by more than 13% since a week ago.
Over the last 24 hours, Terra, Cardano, and Avalanche have all had slight price drops, while Polygon, Polkadot, Cosmos, TRON, Uniswap, and Binance Coin have all seen price increases.
Shiba Inu and Dogecoin, two meme coins, have also seen their value plummet, as has the rest of the market. Dogecoin is presently around $0.12 (about Rs. 9.5), down 1.39 percent in the last 24 hours, while Shiba Inu is worth $0.000024 (roughly Rs. 0.0018), down 0.97 percent in the same time period.
