On Wednesday, October 13, Bitcoin continued to remain on the losing side of the cryptocurrency chart for the third day in a row. After losing 2.37 percent, Bitcoin fell to $40,867 (roughly Rs. 34 lakh) at its current price. On the last day, the cryptocurrency asset fell to $964 (roughly Rs. 80,401). Last week, Bitcoin was trading at $44,000 (roughly Rs. 36.6 lakh). According to market analysts, most crypto assets, including Bitcoin, are currently experiencing a price correction.
“Bitcoin is trading at $40,000 (about Rs 33.3 lakh) after today's US interest rate decision backfired. Despite being in the red, Bitcoin is up eight percent month-on-month and up an impressive 148 percent. It recently dropped to around $40,600. ((around Rs 33.8 lakh) consolidated loss. “BTC faces resistance at $41,450 (around Rs 34.5 lakh)," said Idul Patel, co-founder and CEO of Mudrex. Commenting on the market situation for Gadgets360.) and in He received a grant of US$39,500 (approximately 32.9 lakhs).
On Tuesday, Ethereum fell 3.17 percent due to losses from Bitcoin. At the time of writing, Ethereum is valued at $2,166 (approximately $1.80 billion). Over the past 24 hours, the price of ETH has decreased by $63 (about 5,255 rubles).
Many cryptocurrencies have shown more losses than today's gains. These include Tether, Binance Coin, Ripple and Solana. Avalanche and Chainlink also suffered losses.
Other cryptocurrencies today include Polygon, Polkadot, Shiba Inu, Leo, Stellar and Monero.
The total market capitalization of cryptocurrencies also fell on the price ladder today for the third day in a row. CoinMarketCap shows its current value at $1.53 trillion (roughly Rs. 127,56,933) after falling 2.44 percent.
“Crypto market watchers are monitoring SEC decisions, significant shareholder behavior, and key support and resistance levels that are shaping the broader cryptocurrency market,” Rajagopal Menon, vice president of WazirX, told Gadgets360.
Meanwhile, only a few cryptocurrencies have managed to achieve small gains today. These include USD Coin, Cardano, Cosmos, Elrond and Binance USD.
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