Cryptocurrency Prices Today: Bitcoin, Ethereum In Red

Cryptocurrency Prices Today: Bitcoin, and Ethereum in red, know what is the condition of other currencies.

The situation in the cryptocurrency market looks sluggish on Sunday. The world’s major cryptocurrencies including bitcoin and Ethereum are trading with a slight decline.

The world’s total crypto market cap has fallen 0.98 percent to $937 billion in the last 24 hours.

According to ciinmarketcap.com, in the last 24 hours, the price of Bitcoin is down 0.90 percent to $19,349, Ethereum is down 1.58 percent to $1,310, XRP is up 0.54 percent to $43.43, Cardano is up 0.06 percent to $36.42.

Cryptocurrency Prices Today: A large number of cryptocurrency users.

Cryptocurrencies like bitcoin and Ethereum have become popular among people in the last few years.

Due to the ease of transactions and high returns, a large number of people all over the world invest in it. According to an estimate, there are around 32 crore crypto users in the whole world.

But the biggest drawback of crypto is that it has an adverse effect on the environment due to its excessive use.

According to a report released by the White House, the demand for electricity used by crypto all over the world is increasing rapidly every year.

Estimates made in August 2022 suggested that the electricity used by crypto assets globally could reach between 120 and 240 billion kWh annually.

The world’s largest countries such as Argentina and Australia would use it. More than the total power.

Emphasis on Green Crypto.

To solve this problem, recently the world’s second-largest cryptocurrency Ethereum has shifted its system from ‘Proof of Work’ to ‘Proof of Stake’.

Ethereum co-founder Vitalik Buterin tweeted that the Ethereum merger would reduce the world’s electricity consumption by 0.2 percent.

Petrol-Diesel Price Today: Oil companies updated new rates of petrol-diesel.

New prices of petrol and diesel have been released by the government oil companies on Sunday. There has been no change in the price of petrol and diesel.

This is the fifth consecutive month (except in Maharashtra) that there has been no change in the price of petrol and diesel.

For the last time, the excise duty on petrol was reduced by Rs 6 and diesel by Rs 8 on 21 May 2022 by the central government.