Cryptocurrency Market Update: Slight Fall Today
Cryptocurrency Market Update: Slight Fall Today, But Bitcoin Drops 10% in 7 Days.
Today, on Wednesday, the cryptocurrency market has fallen again. As of 9:33 am Indian time, the global cryptocurrency market cap has fallen by 0.10 percent to $968.31 billion.
Bitcoin and Ethereum are down, while some of the top 20 currencies have seen slight gains.
According to the data of Coinmarketcap, at the time of writing the news, the price of bitcoin is down 0.35 percent at $21,080.78. Bitcoin has fallen 9.99 percent in the last 7 days.
The price of the second largest coin Ethereum (Ethereum Price Today) has fallen by 0.42 percent in the last 24 hours to reach $ 1,425.01.
In the last 7 days, it has fallen by 8.55. The dominance of Bitcoin in the market is 41.6% while that of Ethereum is 17.9%.
Cryptocurrency Market Update: Highest Jumping Cryptocurrency.
According to Coinmarketcap, Cashera (CSR), BlueBenx (BENX) and Neoteric (NTRC) are among the three highest-growing coins within the last 24 hours.
Let us tell you that these are cryptocurrencies in which there is a volume of more than 50 thousand dollars.
Cashera (CSR) has gained 932.77 percent in one day and its market price has gone up to $ 0.008021. After this, there has been a big jump in BlueBenx (BENX).
It has risen 534.81 percent to $ 0.001684 today. Neoteric (NTRC) has come to $ 0.004591 with a jump of 268.11 percent today.
Gold Update: The whole atmosphere is made of gold, just if inflation and recession are removed, then the price will gallop, how much will the rate be this year?
Even though there is pressure on gold prices, the buying environment in it remains complete. Experts say that gold will start rising as soon as the pressure of recession and inflation is removed.
Ajay Kedia, Commodity Expert and Director of Kedia Advisory, said that the trend of decline in gold is still going on as it was during the Great Depression of 2008 and the epidemic of 2020.
Even in the current times, there is a double pressure of recession and inflation on the investors.
Investors are afraid of recession in the global market and their full emphasis is now on mobilizing food items.
In such a situation, inflation is making it more difficult, because they have to make a lot of effort to save money for the future. As soon as this atmosphere softens a bit, gold will gallop again.
