Bitcoin and other cryptocurrencies have registered a drop in price

special things

  • The cryptocurrency market has changed again on Wednesday.

  • The price of bitcoin declined on Wednesday.

  • The price of Ether declined on Wednesday.

All popular cryptocurrencies, including bitcoin, have seen a sharp drop in prices today, as investors have decided to avoid the risk of the biggest hike in US interest rates in three decades.

The world's most popular cryptocurrency was trading with a decline of 5.01% as of Wednesday, April 6.

For the first time in almost two weeks, it fell below $ 43,000 in global exchanges i.e. about 32 lakh rupees in terms of Indian currency.

At the time of writing the news, the price of bitcoin has fallen by 4.24 percent in the last 24 hours and on Indian exchange Coinswitch Kuber is $ 45,934 i.e. about Rs 34.5 lakh in Indian currency.


bitcoin drop

The price of bitcoin on global exchanges is around $ 44,000 i.e. around Rs 33 lakh to $ 43,779 i.e. around Rs 33 lakh, which is a 3.69 percent drop in price in the last 24 hours.

According to data from CoinGecko, the price of BTC has fallen by 7.8 percent week-on-day in the corrections made in the past few days.


Ether also did not perform well

Ether, the second largest cryptocurrency in the world, performed well in March, but did not stay the same until the first week of April.

While writing the news, the price of Ether on Coinswitch Kuber is $ 3,393 i.e. about 2.5 lakh rupees according to Indian currency, while the value of crypto in the price of global exchanges is $ 3,230 i.e. about 2.5 lakh rupees according to Indian currency.

Coin has seen a decline of 3.9 percent in the last 24 hours.


What happened to these cryptocurrencies?


Data from CoinGecko shows that despite positive investor interest, the cryptocurrency has lost more than 5.3 percent in price over the past week.

According to Gadgets 360's cryptocurrency price tracker, the last day has not been positive for most altcoins either.

The global crypto market cap fell more than 4.41 percent in the past 24 hours. Terra, Solana, Cardano, and Polkadot all fell above 7 percent in price, while Binance Coin, Polygon, and Cosmos all lost.



Meme coins Shiba Inu and Dogecoin also saw a drop in the last 24 hours.

After a drop of 10.27 percent in the last 24 hours, the price of Dogecoin is currently $ 0.15 (that is, about 12 rupees in Indian currency).

At the same time, the price of Shiba Inu is $ 0.000026 i.e. around 0.002 rupees according to Indian currency, which is 5.53 percent less than the previous day.