Ether, Bitcoin holds $ 20,000 while major altcoin slips in fear of recession

In conjunction with the traditional stock market, Bitcoin and the broader crypto market have fallen in value as investors’ desire for risky assets has receded due to growing concerns about a recession. Market capitalization’s largest cryptocurrency price hit a high of $ 21,620 on Tuesday evening and then fell to a level of about $ 20,000 at the beginning of Wednesday. Currently, the price of BTC is around $ 20,300 (about 15.9 larks) for all exchanges around the world, but the Indian exchange CoinSwitch Kuber evaluates Bitcoin as $ 21,482 (about 16.8 larks). , Has fallen 1.23% in the last 24 hours.

On global exchanges such as CoinMarketCap, Coinbase and Binance, Bitcoin costs $ 20,301 (about Rs .15.86 lakh), but according to CoinGecko data, the BTC value is currently in the 8.4% deficit every day.

Ether continued to fall while Bitcoin continued to hover around the $ 20,000 (approximately Rs. 15.5 lakh) mark. At the time of publication, Ether is valued at $ 1,160 (about 91,000 rupees) on CoinSwitch Kuber, but the value on the global exchange is that the value of cryptocurrency is $ 1,098 (about 86,000 rupees), and cryptocurrencies are in the past. 2.14% is lost in 24 hours.

According to CoinGecko data, Ether slides over the last 24 hours show that cryptocurrency values ​​remain in the red by nearly 10% compared to last week’s values.

Gadgets 360’s crypto price tracker reveals a similar story for most major altcoins — as global crypto market capitalization has lost 0.75% in the last 24 hours. BNB, Polkadot, Avalanche, Solana and Chainlink are shown in red, and Uniswap, Elrond and[TRON}(https://gadgets360com/finance/tron-price-in-india-today-inr)swimagainstthetide[TRON}(https://gadgets360com/finance/tron-price-in-india-today-inr)managedtoswimagainstthetide[TRON}(https://gadgets360com/finance/tron-price-in-india-today-inr)は潮に逆らって泳ぐ。[TRON}(https://gadgets360com/finance/tron-price-in-india-today-inr)managedtoswimagainstthetide

Memecoins Shiba Inu and Dogecoin also swam against the tide until Tuesday. Dogecoin is currently valued at $ 0.06 (about 5.3 rupees) after gaining more than 5.83% in value in the last 24 hours, while Shiba Inu has risen 18% in the past day to $ 0.00001 (about 0.000807 rupees). ) Is evaluated.

“Despite the recent backlash, the lack of significant improvement in the general macroeconomic situation supports the continued need for a cautious approach to investment-including equities and cryptocurrencies-the global economy. Investors expect to continue to take a defensive stance in managing their portfolios until it becomes more clear that they have returned to recovery and growth. “

Cryptocurrencies are unregulated digital currencies, not fiat currencies, and are subject to market risk. The information provided in this article is not intended or constitutes any financial advice, transactional advice, or other advice or endorsement provided or endorsed by NDTV. NDTV shall not be liable for any loss resulting from an investment based on the recognized recommendations, forecasts or other information contained in the article. Ether, Bitcoin holds $ 20,000 while major altcoin slips in fear of recession

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