A ઈ 4000 crash in Bitcoin erodes 70 70 billion in market cap

The wind of a universal rapid downturn in the cryptocurrency market

Ether - gaps in Dodgecoin too: Rising pressure on miners in China Panic in the market with signs that US monetary policy will tighten

MUMBAI: The global cryptocurrency market plunged by 10 to 15 per cent today on the back of a sharp downturn and players were stunned as prices plummeted in a short span of time. New buying slowed.

There were reports of increasing pressure on crypto miners by the government in China. Indications that the current easing of monetary policy by the US government will be tightened have also had a negative impact on the market and sent the market into a panic sell-off.

Bitcoin prices fell the most in ten days by 10 to 11 per cent today. Bitcoin prices fell sharply from 16 36,165 to 16 36,166 today, then fell sharply from 32 32,211 to 2 32,212 to 27 32,279 to 2 32,280.

Trading volume rose from 29 29 to અ 30 billion to 41 41 to આજે 42 billion today. Thus, with the rising volume, the market broke down and I saw signs of growth today. Meanwhile, the market cap of Bitcoin fell by about 70 70 billion to 60 604 billion to 5 605 billion today as prices fell.

Meanwhile, the outflow of bitcoin from crypto exchanges reached a seven-month high today. Bitcoin is now trading at a low of હજાર 30,000 and then a high of 27 27,000, market analysts said. Other cryptocurrencies also tumbled against Bitcoin. Ether prices fell 14 to 15 percent today.

Ether prices were trading at 27 2,794 to 9 2,795 today, followed by 23 2,379 to 80 2,380. Ether also saw trading volume rise from 31 31 to થી 32 billion to 45 45 billion to 46 46 billion, and falling market cap fell from 3 320 billion to 5 325 billion to 300 300 billion to 27 276 billion to 7 277 billion. Dozecoin prices fell 13 to 14 percent today.

Dodgecoin was at a high of 36 to 37 cents, then a low of 31 to 32 cents, 32 to 33 cents, and the market cap fell from થી 47 to 48 48 billion to 41 41 to આજે 42 billion today. Ether had a trading volume of 4 to 5 5 billion. Crypto market players were now keeping an eye on the inflation figures released on Thursday in the US.