Cryptocurrency Crash 2022: This Year Bitcoin has Fallen by More Than 13 %; Check Details

The cryptocurrency market has been steadily declining. As a result of the world’s largest cryptocurrency, Bitcoin, and Ethereum, other currencies’ prices are falling. Bitcoin’s price has dropped to Rs 33.85 lakh. On the other hand, the foreign market is experiencing the same problem. Bitcoin is clinging to a price of $40,000 with difficulty. The price of Ethereum has already dropped to $3000. According to analysts, investors are transferring their cash from crypto to safe haven assets like as gold and other secure investments as a result of the Fed’s warning regarding policy interest rates and the tension between Russia and Ukraine. Let us also inform you of the current state of cryptocurrency pricing in the United States and overseas.

Cryptocurrency prices are falling on domestic exchanges.

Bitcoin was trading at Rs 33,84,999, down 1.31 percent, while Ethereum was trading at Rs 2,40,000, down 1.44 percent. Avalanche declined 0.57 percent to Rs 7,285.7 and Cardano fell 1.33 percent to Rs 83.86. Polkadot is down 1.74 percent to Rs 1,508 in the last 24 hours, while Litecoin is down 2.63 percent to Rs 9,792.5. Tether, on the other hand, was up 0.09 percent to Rs 78.27. Memecoin SHIB was up 2.47 percent at Rs 11.52, while Dogecoin was down 0.85 percent. Terra (Luna) is currently trading at Rs 4,365, down 2.48 percent.

Cryptocurrency prices in the foreign market

• Bitcoin is down 1.24 percent at $ 40209.
• Ethereum is down 3 percent at $2812.
• BNB is down 0.37 per cent at $403.
• Cardano saw a drop of 2.44 percent and the price is $1.01.
• Solana is down about 3 percent at $ 91.71.
• Avalanche is down about 6 percent at $ 84.72.
• Shiba Inu has come down by 2.30 percent to $ 0.00002839.

Cryptocurrency Markets Around the World

In the last 24 hours, the cryptocurrency’s global market worth has dropped 1.47 percent to $1.83 trillion, while trading volume has dropped over 16.75 percent to $72.95 billion. On the other hand, bitcoin’s market domination climbed by 0.06 percent to 41.72 percent on February 19. Let us tell you that bitcoin has dropped in price by more than 13% this year. While it has dropped by more than 40% from its all-time high of $ 69000.