The crypto market is booming
Squid game crypto plummets 2400% in South Korea's game-show
MUMBAI: The market leader Bitcoin's recent record highs in the cryptocurrency market have seen small coins run, but such smallcap cryptocurrencies have seen their prices plummet again.
After such fluctuations in Shibainu's price, now Squid Crypto has also seen such a record jump, market sources said. Netflix recently had a show of squid game and this has led to a surge in the price of coin of the same name in the crypto market.
South Korea's popular show squid game has cryptocurrency. This is a play-to-earn crypto type show. And to participate in this you have to buy a token currency. In the 24 hours since its introduction, prices have risen 2400 per cent and the market cap has reached 17 174 million.
However, since then, the price has gone up by 99.99 per cent, which has been called for caution. Meanwhile, the cryptocurrency market saw a rebound today and prices rebounded. The global dollar index was up today.
Market players were watching the US Federal Reserve meeting. Meanwhile, Bitcoin prices were at a low of 60 60372 to 3 60373 today and a high of 8 63852 to 8 63853. Bitcoin's market cap jumped from 11 1150 billion to 12 1200 billion.
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