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Home » Bitcoin Price: Shock to the investors of Bitcoin, the fall in prices
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Bitcoin Price: Shock to the investors of Bitcoin, the fall in prices

EditorialBy EditorialOctober 31, 2022Updated:October 31, 2022No Comments3 Mins Read
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Most cryptocurrencies have seen a decline on Monday. The global crypto market cap has fallen by 1.51 percent to $1.01 trillion during the previous day.

Most cryptocurrencies have seen a decline on Monday.

Most cryptocurrencies have seen a decline on Monday. The global crypto market cap has fallen by 1.51 percent to $1.01 trillion during the previous day. At the same time, the total crypto market volume has declined by 2.19 percent to $ 72.75 billion in the last 24 hours. Whereas, the total volume in Decentralized Finance (DeFi) is present at $4.04 billion, which is 5.56 percent of the total 24-hour volume of the crypto market. The volume of all stablecoins stands at $65.28 billion, which is 89.72 percent of the total 24-hour volume of the crypto market.

Where did the price reach?

The price of bitcoin has fallen by 0.17 percent during the last 24 hours to reach Rs 17,66,867. Bitcoin, the world’s largest and popular cryptocurrency by market capitalization, currently has a market presence of 38.96 percent. It has increased by 0.05 percent in the previous day.

At the same time, Ether prices have declined by 0.63 per cent to Rs 1,35,150.3 in 24 hours. Whereas, Tether fell by 0.63 per cent to Rs 1,35,150.3. Talking about Tether, this cryptocurrency has seen a rise of 1.07 percent during the last 24 hours. This cryptocurrency is currently present at Rs 87.05.

Polkadot rises

On the other hand, Cardano has come down by 1.9 percent to Rs 34.43. At the same time, Binance Coin is present at Rs 26,822 with an increase of 2.38 percent. Talking about XRP, during the last 24 hours in this cryptocurrency, a fall of 1.95 percent is present at Rs 39.02.

On the other hand, Polkadot is present at Rs 568.99 with a jump of 2.7 percent. Whereas, Dogecoin has fallen 7.56 percent to Rs 10.22.

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Apart from this, let us tell you that a big jump is being seen in the hacking of cryptocurrencies. There has been a 60% increase in hacking incidents. This figure is for the first 7 months of this year. Hacking has cost $ 1.9 billion (about Rs 16000 crore). The incidents of theft of funds from the De-Centralized Finance (DeFi) protocol have seen a huge increase. In the same period last year, hackers stole $1.2 billion worth of cryptocurrency. That is, an increase of almost double in such incidents has been seen in a year.

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