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

Taliban lashed out at girl students: Girls were protesting outside the university against the burqa

Taliban officers flogged girls protesting the burqa outside Afghanistan's Badakhshan University.

Rahul Gandhi said at Cambridge University: Can't see a world being built where there are no democratic systems

Congress leader Rahul Gandhi arrived in Britain on Tuesday with a new look. He started his 7-day

'No language will be imposed on any state', the government made it clear in Parliament amid the NEP controversy.

Union Minister of State for Education Sukanta Majumdar on Wednesday told Parliament that the thre

Pakistan again raised Kashmir issue in UN: India said- PAK is spreading lies to gain sympathy

India on Thursday reprimanded Pakistan for repeatedly raising the issue of Jammu and Kashmir at t

Joe Biden: After a physical test, the doctor said – 80-year-old Biden was completely healthy, fit for duty

US President Joe Biden (80) is completely healthy and fit for duty. The doctors examining him sai

International Friendship Day 2023: Why and how International Friendship Day started? know history

International Friendship Day 2023: Your relationship with parents and family gets linked with bir

Roadways became rich due to Maha Kumbh: Year's income was made in 45 days, and 29 lakh passengers traveled

The number of passengers who traveled by the buses of Roadways Varanasi region in the last year w

Demo of the remote voting system: Eight national and 57 regional parties understand RVM, and 16 parties including Congress oppose

The Election Commission on Monday showed the prototype of the Remote Electronic Voting Machine (R

Asia Cup 2025: Who will open for India in the Asia Cup? Four contenders, competition between Samson-Yashasvi and Abhishek-Gill

After the end of the England tour, India's next assignment is the Asia Cup. It will start from Se

Bigg Boss 18: Who did these former Bigg Boss winners support? Know who they think deserves the trophy of season 18

The reality show 'Bigg Boss 18' is moving towards its final stage. While fans want to see their f