Lagatar24 Desk
Mumbai, Feb 11: Bitcoin has had a solid comeback week so far, but inflation concerns in the United States look to be impeding BTC’s break over $45,500 (approximately Rs. 35 lakh), as the crypto currency witnessed another steep sell-off to be stuck at $43,000 (roughly Rs. 30 lakh).
Through Thursday, February 10, the world’s most valuable cryptocurrency saw a significant 3.35 percent increase in price, but Friday’s trading hasn’t started off as well. Bitcoin’s value is at $45,597 (about Rs. 34.5 lakh) on Indian market CoinSwitch Kuber, down 1.13 percent in the last 24 hours.
Meanwhile, the most popular cryptocurrency’s price was $43,199 (approximately Rs. 32.5 lakh) on global exchanges, down 1.13 percent in the last 24 hours.
Following a larger sell-off among investors on early Friday, the value of most major altcoins has dropped. The prices of Cardano, Solana, Polygon, Terra, Binance Coin, Cosmos, Polkadot, and Chainlink all dropped significantly. Avalanche is the only crypto-asset to defy the trend and trade in the green, with the exception of stablecoins like Tether.
Meme coins haven’t had the finest week either, while Shiba Inu has had a 46 percent increase in the last week. Dogecoin, on the other hand, is today at $0.16 (about Rs. 12) after down 3.05 percent in the last 24 hours, while Shiba Inu is around $0.000032 (roughly Rs. 0.002), down 5.89 percent.
