Shiba Inu and Dodgecoin, known as Mim Coins, have also seen price losses.

special things

  • BTC is trading at $23,331 (about Rs 18 lakh)

  • Ether is currently priced at $1,238 (approximately Rs 96,665)

  • The crypto market cap is $963 billion (approximately Rs 75,15,077 crore)

The days are getting harder and harder for the cryptocurrency industry.

On Tuesday, the price of the world's most popular cryptocurrency, Bitcoin, fell by 16.51 percent.

According to the Indian exchange Coinswitch Kuber, BTC is trading at $ 23,331 (about Rs 18 lakh).

The reason for this decline in bitcoin is believed to be the crash of the crypto landing platform named Celsius Network along with the increased inflation rate in the US.

On the international exchanges too, bitcoin was trading at $ 21,924 (about Rs 17 lakh), down more than 16.42 percent. 

After touching its last high mark of around $68,000 (about Rs 53 lakh) in November last year, this is the lowest level of bitcoin in the last 6 months.

At the same time, the world's second most popular cryptocurrency Ether is also seen walking on the path of bitcoin.

It has registered a loss of more than 15.40 per cent.

According to Gadgets 360's crypto price tracker, the cryptocurrency is currently priced at $1,238 (approximately Rs 96,665).

Most of the altcoins also suffered a lot due to the collapse of the two major cryptocurrencies in the market.

These include Binance Coin, Cardano, Solana, Polkadot, Tron and Avalanche.

Shiba Inu and Dodgecoin, known as Mim Coins, have also seen losses in prices. 

The global crypto market cap is currently $ 963 billion (about Rs 75,15,077 crore) after registering a decline of 13.74 percent in the last 24 hours.

Meanwhile, some cryptocurrencies have seen a rise in price charges.

These include Tether, Chainlink, Decentraland, Bitcoin SV and Elrond.

Meanwhile, industry experts are optimistic about the improvement in the market, which they see in the times to come.

Talking about Celsius Network, the decision to suspend all withdrawals on its landing platform has seriously affected the crypto market.

At the same time, Celsius Network has cited extreme market conditions behind this. 

Meanwhile, there has been a boom in the installation of bitcoin ATMs around the world.

Coin ATM Radar has given this information in its recent report.

Reportedly, over 882 bitcoin ATMs have been installed in different parts of the world in the first ten days of June alone.