MUMBAI: The cryptocurrency market witnessed a bearish trend today. Prices were under pressure amid signs of a ban on cryptocurrencies in India.
The price of bitcoin today touched a high of 57 57864 and then a low of 60 56042 to 5 5955. Bitcoin traded lower today at 1. 1.30 billion from 7 1.72 billion and the market cap fell to 10 1,060 billion from 90 1,090 billion, market sources said.
Unemployment claims in the US fell from 2 lakh 70 thousand to 1 lakh 99 thousand. This also had an effect on the cryptocurrency market today. Late in the evening, the price of Bitcoin ranged from 60 56080 to 60 56085.
Meanwhile, in midcap crypto, ether prices were at a high of 43 4389 and a low of 41 4193 late in the evening. Ether traded at 1.02 billion, with market cap falling from 10 510 billion to 11 511 billion to 49 494 billion to 5 495 billion. Other small-cap cryptocurrencies also came under pressure as bitcoin and ether prices fell, market sources said.
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