Bitcoin prices hit 51 51,000, fall again: Ether also retreats

Decrease in trading volume heading higher in cryptocurrency

Ten billion dollar reduction in market cap Protests against Bitcoin in El Salvador

MUMBAI: The world market for cryptocurrencies was on the rise today amid two-way fluctuations in prices. Bitcoin prices fell below 51 51,000 again after crossing 51 51,000 at one point in the highs. Midcap ether prices also showed signs of declining again, exceeding 4 4,000.

Trading 2 volumes saw a slowdown today as new buying slowed. Meanwhile, the US dollar's index against various major currencies in the global market showed signs of disappointing job growth in the US. El-Salvador has recently officially approved bitcoin as the country's currency, but its countrymen have opposed the government's decision.

About 70 per cent of the people have opposed the government's question. Meanwhile, the price of Bitcoin today was at a low of 49 49610 to 6 49611 after a high of 10 51037 to 51038 and a price of 23 50239 to 2 50240. The trading volume in Bitcoin fell from 33 1.33 billion to 1. 1.10 billion today and the market cap fell from 4 954 billion to 5 955 billion to 94 944 billion to 45 945 billion.

Midcap ether, meanwhile, traded lower at 38 3,869 to 70 3,870 and higher at 40 4,026 to 27 4,027. The market cap fell from 46 464 billion to 5 465 billion as prices in Ether fell from ઉ 459 to 60 460 billion today. Trading volume also fell to 1. 1.13 billion from 3 1.39 billion, market sources said.

Small cap XRP prices were 126 to 127 cents at the low and 132 to 133 at the high and 127 to 128 cents today. The XRP had a turnover of 4. 4.70 billion today and a market cap of 7 127 to 128 128 billion. As job growth slows in the US, bond buying is likely to be maintained by the government instead of declining, world market experts said today.