Bitcoin Price: 21 percent fall in bitcoin in a week.

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New Delhi:

Everything is not going well in the cryptocurrency market for the past few days.

Cryptocurrency Bill in India has already cast doubt on the market, while there are many global factors, due to which investors have suffered.

Selling pressure has been shown in the global stock market and in other sectors.

Meanwhile, the market value of the cryptocurrency market has fallen by more than 10% due to the tough attitude of the US Federal Reserve Bank and the new variant of the coronavirus, Omicron.

According to a Bloomberg report, the most popular cryptocurrency is showing signs like bitcoin, according to them, the market is going to be more volatile.

Bitcoin has seen tremendous volatility over the past weekend.

It has fallen by up to 21 percent since Friday. The crypto, which saw a record high of $ 69,000 in October, is running on a decline of $ 40,000 on Monday afternoon. 

Bitcoin futures are also falling and according to reports, funding rates on major exchanges have turned negative.

That is, investors running on short positions are paying a premium.

Liquidation pressure has increased in the market.

Over the past week, $250 billion has been sunk by cryptocurrency investors.

They have suffered so much since November 26. 

Also read: Private Cryptocurrencies Will Be Regulated, Not Banned, Will Not Get Legal Status: Sources

Big coins in decline


If we talk about the prices of cryptocurrencies, bitcoin was down by 1.96 percent at the level of 39.98 lakh around 2 pm on Monday.

Ethereum was also down 3.65 percent at the level of 3.34 lakh.

Many big coins including Cardano, Ripple, Polkadot, Dodgecoin are running in the red mark.

Tether and USD coin itself were registering a rise of 0.66 percent and 0.81 percent respectively.


You can see Live Tracking and trading history of many other cryptocurrencies, click here, you will get live data of many crypto coins at once.

All this data of crypto coins is being taken from trusted crypto exchange CoinSwitch.

You can track data for different cryptocurrencies here and click on each coin to retrieve its data history.