Crypto Market Crash: Pressure is once again being seen in the crypto currency market. After the sharp fall in the market yesterday, the situation is not much better even today. A huge decline is being seen in big digital currencies like Bitcoin and Ethereum. Investors’ concerns have increased due to the ongoing decline in the crypto market.

On the other hand, due to increasing geopolitical tension globally, people are turning towards safe investments. Demand for gold and silver is increasing, while investors are staying away from risky assets like crypto. This is also believed to be one of the reasons for this weakness in crypto.

bitcoin price

Talking about the world’s largest crypto currency Bitcoin, currently the price of Bitcoin is at $87,725.79. There has been a decline of 0.83 percent in the last 24 hours. At the same time, Bitcoin has slipped by 5.69 percent in the last 7 days.

Status of major cryptocurrencies
According to CoinMarketCap, Ethereum was trading at $2,890.89 at around 4 pm. A decline of 10.02 percent has been registered in the last 7 days. Whereas Tether was trading almost stable at $0.9988.

But despite this, a slight decline of 0.05 percent has been seen in 7 days. On the other hand, the price of BNB is $870.89. It has slipped 6.19 percent in the last one week.

Solana and Dodgecoin move

Solana also seems to be under pressure. Its price has been recorded at $122.15 and it has declined by 8.84 percent in the last 7 days. Talking about Dogecoin, it is trading at $0.1210 and in the last one week it has registered a decline of 5.07 percent.

Overall, due to the uncertainty in the market, investors seem to be staying away from risky assets. The effect of which is clearly visible on these major cryptocurrencies.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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