The cryptocurrency market (cryptocurrency prices today) has seen a decline even today. On Tuesday, bitcoin saw the biggest fall in the last two weeks.
New Delhi: The cryptocurrency market (cryptocurrency prices today) has seen a decline even today. Many currencies including Bitcoin, Ethereum and Dogecoin are trading in the red mark. On Tuesday, bitcoin saw its biggest drop in two weeks as China stepped up its crackdown on the cryptocurrency. At the same time, the market cap of global cryptocurrencies is currently $1.32 trillion. It has seen a decline of 10.42 percent in the last 24 hours.
The world’s most popular cryptocurrency has lost nearly 20 percent in the past seven days. Reuters reported that the price of bitcoin fell 10.7 percent to $31,333 on June 21, a two-week low. Apart from this, bitcoin is currently trading around 50 percent below its all-time high record. On 14 April 2021, bitcoin made a new record of $ 64,778.04.
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Ether down 12.10 percent in 24 hoursEther fell 12.10 percent to $1,945.88 in the last 24 hours, according to the Coinmarketcap.com index. Tokens associated with the Ethereum blockchain network have fallen nearly 25 percent in the past seven days. The world’s second most popular cryptocurrency had a market capitalization of $226.7 billion as of June 22.
Against Cryptoworld, China has asked payment platform Alipay and domestic banks not to provide services related to trading of virtual currency. It also ordered institutions to cut payment networks for cryptocurrency exchanges and over-the-counter platforms. Last week, local authorities in the southwest province of China’s Sichuan province ordered a moratorium on bitcoin mining amid concerns over its use of energy.
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Check Rates of Top-10 Cryptocurrencies on 22 June 2021- (Top-10 Cryptocurrency on 22 June 2021)