There is a big drop in the price of cryptocurrencies. The biggest cryptocurrency bitcoin saw a big drop on Monday. Bitcoin fell to a three-month low of $ 18,387, down 5 percent.
bitcoin price drop
There was a big drop in cryptocurrencies on Monday. With this, the price of crypto again went down to the lowest level. Interest rates are continuing to rise all over the world. The US Federal Reserve may increase interest rates very soon. Under its influence, the central banks of other countries will also raise rates. This fear has stunned crypto investors. Therefore, there is a big drop in the price of cryptocurrencies. The biggest cryptocurrency bitcoin saw a big drop on Monday. Bitcoin fell to a three-month low of $ 18,387, down 5 percent.
When this is the condition of bitcoin then it is easy to guess the rest of the crypto. Ethereum, which comes second after bitcoin, also crashed 3% on Monday. Ethereum has recorded a major decline for two months. Ethereum fell by 10% in the last 24 hours. The condition of other small tokens was even worse.
Upgrading the Ether Blockchain
There has been a major upgrade in the Ethereum blockchain. Because of this, a change is being seen in the transaction and power consumption. Because of this also there has been a big impact on the trading of Ethereum. A new thing about regulation regarding cryptocurrencies is coming out, which has stirred the investors and the exchange. US Securities and Exchange Commission Chairman Gary Gensler has said that changes in the structure of Ethereum will increase its regulation further. Ethereum has also seen a decline in this regulation estimate.
Where did the prices come from?
Meanwhile, on Monday, Dogecoin price was also trading lower by almost 7% at $0.05, while the Shiba Inu fell more than 9% to $0.0000011. Other crypto prices also declined as XRP, Uniswap, Solana, Polygon, Avalanche, Binance USD, Polkadot, Litecoin, Apcoin, Cardano, Stellar, Chainlink, Tron, Tether prices were trading with major downsides in the last 24 hours. Was.
sunday prices
Bitcoin fell 1.54% earlier on Sunday to $19,804, falling below the $20,000 mark after a drop of $310 from the previous close. The world’s largest and best-known cryptocurrency is down 58.9% from its March 28 high of $48,234. Ether, the coin tied to the Ethereum blockchain network, fell 3.2% to $1,422.1 on Sunday, down $47 from its previous close. The fall in crypto prices is on suspicion that the US central bank may raise interest rates, the effect of which will be seen on the markets of the country and the world.
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