If you are thinking of investing in cryptocurrency in the coming days, then now you need to think again. Most of the cryptocurrencies are currently in decline.
Most of the cryptocurrencies are currently in decline.
in the coming days if you Cryptocurrency If you are thinking of investing in it, then now you need to think again. Most of the cryptocurrencies are currently in decline. Also in the days to come Bitcoin can fall by 25 percent. The reason behind this is the complete collapse of the major cryptocurrency exchange FTX and its associated trading company Alemada Research.
Bitcoin investors beware
JP Morgan analysts say that a further 25 percent decline can be seen in bitcoin. He has issued a warning to the investors of bitcoin. Experts say that this year, the continuous crises related to crypto have brought the price of bitcoin to this position. According to him, due to this, the price of bitcoin can reach a low of $ 13,000.
JP Morgan further said that given the size and interlinking of both FTX and Alameda Research, it seems that this decline in cryptocurrencies will be similar to the situation in May or June last year. He said that many companies had to declare bankruptcy.
How much did bitcoin fall today?
Let us tell you that today big cryptocurrencies are trading with a decline. The global crypto market cap declined by 1.21 percent in the previous day to reach $ 835.92 billion. At the same time, the total crypto market volume has fallen by 3.36 percent to $ 60.72 billion during the last 24 hours. Total volume in decentralized finance (DeFi) now stands at $3.30 billion, accounting for 5.43 percent of the total crypto market 24-hour volume. At the same time, the volume of all stablecoins is $ 57.26 billion, which is 94.30 percent of the 24-hour volume of the total crypto market.
According to market capitalization, the world’s largest and popular cryptocurrency bitcoin has fallen 1.92 percent to Rs 14,30,000 in the last 24 hours. The market presence of bitcoin has increased by 0.20 percent to 38.40 percent at present. At the same time, the price of Ethereum has decreased by 3.63 percent to Rs 1,05,998.8. Tether has fallen 0.9 percent to Rs 86.30 in the last 24 hours.
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