Cryptocurrency: The recession continues in the cryptocurrency market, the market cap reached below one trillion dollars

Posted on 12th Jul 2022 02:01 pm by rohit kumar

The downtrend in the cryptocurrency market continues. The world's largest cryptocurrency is currently trading above $20,000, but in the last 24 hours, it has been seen trading below this psychological level ($19925).

 

 

The market cap of the cryptocurrency market has come down to below $1 trillion. Let us tell you that in November last year, bitcoin had reached the level of $ 69900. But, since then it has been witnessing a steady decline. Its prices have fallen by about 56 percent since November.

 

 

Ethereum, the second-largest cryptocurrency, has seen a steady decline in price since July 8. According to experts, if its prices fell below $ 1140, then it could fall to the range of $ 900.

 

Cryptocurrencies such as dogecoin, shiba inu, xrp, solana, bnb, litecoin, chainlink, Polkadot, avalanche, tether, and uniswap have also declined in the last 24 hours. Dogecoin has registered a decline of 6 percent and Shiba Inu by 5 percent.

 

At the same time, Polygon Matic has seen a bullish trend during the last 24 hours, it is trading at $ 0.58.

 

Also Read: Cryptocurrency: The effect of the decline in the crypto market was visible, large scale layoffs started in these companies

Other news

Cannes 2024: After IPL, Preity Zinta created a stir in Cannes, you will just keep staring at her beautiful look.

There is still some time for Preity Zinta to make her comeback on the film screen, but

Donald Trump 2.0: Trump's rapid decisions as soon as he became President; Know which executive orders he signed

US President Donald Trump signed several executive orders on Monday, the very first day of taking

Waqf Act Row: Hearing on petitions against Waqf Amendment Act in Supreme Court today, many states have challenged it

The Supreme Court will hear petitions against the constitutional validity of the Waqf (Amendment)

Sri Lankan Navy: Sri Lankan Navy 'attacked' Indian fishermen, arrested 14

A case of Indian fishermen being attacked and arrested by the Sri Lankan Navy has come to the for

Army Recruitment 2022: Government job opportunity in Army Health Department, know how much salary you will get

If you also want to join the Indian Army then there is good news for you. In the Indian Army, 30

Sakshi Maharaj's retort to SP chief's statement 'Shivling is also there under CM's residence'; said- the ball is in Akhilesh's court...

On SP President Akhilesh Yadav's statement that he will get the Chief Minister's residence dug up

PM Modi's 50KM long road show in Ahmedabad today: said in Panchmahal - Congress is competing to abuse me

In Gujarat, Prime Minister Narendra Modi held an election rally in the Panchmahal district on Thu

World's worst plane accident in which hundreds of lives were lost, some crashed from thousands of feet and some hit the runway

70 people have lost their lives in a plane crash in Pokhara, Nepal. 5 Indians are also included i

Foxconn: Congress taunts BJP on Foxconn's decision, said- should not trust the headlines created

The Congress targeted the BJP after Foxconn decided to exit. Congress said that whether it is the

NEET-UG Row: 'Grace marks of 1563 candidates withdrawn, re-exam on June 23', Centre tells Supreme Court

Amid the ongoing controversy over the NEET exam, the Supreme Court once again heard the case on T