Bitcoin stunned players from 57 57,000 to 42 42,000

Rising Omicron infestation and rapid retreat in job growth in the US

Cropto sells 1 billion in US cryptocurrency

MUMBAI: Market players were stunned by the sharp fall in the cryptocurrency market today. In addition to large-cap bitcoin and midcap ether, various small-cap cryptocurrencies today saw widespread sales of about એક 1 billion, market sources said.

The disappointing November job growth figures in the US were indicative of a global dollar index retreat and a sharp rise in gold prices, which had an impact on the cryptocurrency market today.

According to market sources, the cryptocurrency, which is being sold in the pre-Christmas cryptocurrency market, is being denied indicators for the forthcoming stricter rules. The price of Bitcoin dropped from 56 56,800 to 9 56,900 today, falling to 42 42,000 from 500 47,500 to 6 47,600.

Overall, prices fell 16 to 17 percent today. Midcap ether prices also fell sharply. Ether prices hovered between 45 4,580 and 90 4,590, down from 35 3,510 to 20 3,520 today.

The cryptocurrency market was also adversely affected today by the growing signs of a new omikron virus infestation in various countries globally. Bond buying in the US is declining and there are signs that interest rates will rise further.

US stock markets also remained soft overnight. In small cap crypto today, the prices of cards, Solana, Polygon, Shibainu etc. were down by 13 to 20 percent. In the US, job growth was expected to be 5.50 lakh, but November's job growth was only 2.10 lakh.