Crypto market crash: There has been a decline in the crypto market for the last few days. If we talk about the last 24 hours, there has been an outcry. Tremendous selling is being seen in the crypto market. Talking about the figures, investors have lost around Rs 17 lakh crore in just one day.

According to CoinMarketCap, which provides information on crypto prices, Bitcoin, the world’s largest and oldest crypto currency, has seen a decline of about 9 percent in the last 24 hours. The Fear and Greed Index, which indicates the atmosphere of fear in the market, has also fallen to 11 points. Which clearly shows that investors are not showing confidence in the market and a period of tremendous selling is going on.

Bitcoin is disappointing investors

The world’s largest and oldest crypto currency Bitcoin has disappointed investors. According to CoinMarketCap, at around 4:10 pm on Friday, November 21, Bitcoin was trading at $83,603.57. There was a decline of about 10 percent in Bitcoin compared to the previous day.

Talking about the data of the last seven days, Bitcoin has fallen by almost 15 percent. Recently, Bitcoin prices fell below $90,000 and broke its 7-month record. Its decline continues even on today’s trading day.

Today’s price of crypto

Ethereum prices are also falling on Friday. There is a decline of 10 percent in comparison to the previous day. Ethereum is trading at $2,707.66. Tether crypto currency is trading at $0.9988. There is a decline of about 12 percent in Solana crypto currency. Solana is trading at $125.64.

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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Crypto Market Today: There has been a continuous decline in the crypto market for the last few days. In the last 6 weeks, investors have lost approximately $1.2 trillion from the crypto market. The world’s oldest and famous crypto currency Bitcoin is also continuously falling.

Bitcoin prices have fallen by 30 percent since the beginning of this year. Bitcoin had reached the level below $90,000 for the first time in 7 months. Crypto investors are quietly leaving the market. Which is having a direct impact on its prices. Even on Wednesday’s trading day, a decline of 1.20 percent was seen in the price of Bitcoin and it was trading at $90,301.

Why is the price falling?

The reason behind the ongoing decline in crypto may be the Trump administration’s lack of crypto-friendly stance. Less expectation of cut in US interest rates, ETF withdrawals and profit booking by big investors could be the main reasons for this.

The effect of the continuous decline is that big traders and institutions are avoiding betting on crypto currencies like Bitcoin. Some market experts believe that this situation could be the beginning of a new crypto winter. At the same time, some experts feel that crypto can make a strong recovery after the risks reduce.

condition of crypto market

Till the time of writing on Wednesday, Bitcoin was trading at $90,503. Which shows an increase of 0.54 percent compared to the previous day. At the same time, Ethereum was trading at $3,023.75 and Tether was trading at $0.9992. A rise of 0.62 percent was seen in Ethereum and 0.04 percent in Tether.

Solana was up by 1.52 percent and was trading at $138.21. BNB has also seen a rise and it was trading at $922.06 with a jump of 1.41 percent.

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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