Bitcoin again below the $ 20 thousand mark, Ether’s worse condition, know the latest update of the cryptocurrency market

Earlier this month the crypto price chart showed some recovery, but most cryptocurrencies failed to sustain that profit. On Tuesday, bitcoin was trading 2.65 percent down at $ 20,934 (about Rs 16 lakh) on the Indian exchange Coinswitch Kuber. The world’s most popular cryptocurrency suffered similar losses on international exchanges. According to Binance and CoinMarketCap, bitcoin was trading at $19,937 (approximately Rs 15.8 lakh) and saw a decline of over 2.64 per cent in BTC prices.

The matter does not end here, in terms of losses, Ethereum, the world’s second most popular cryptocurrency, went one step ahead of Bitcoin. According to Gadgets 360’s crypto price tracker, the value of ether came down to around $1,161 (approximately Rs 92,400) after losses of over 4.70 per cent.

While stablecoins such as Tether, USD Coin and Binance USD have seen modest gains, most altcoins were trading in losses. These include Ripple, Cardano, Solana and Polkadot prominently.

Dodgecoin and Shiba Inu popularly known as Mim Coins are also recording losses in the price chart. CoinMarketCap data shows that the global crypto market cap is currently at $888.72 billion (approximately Rs 70,73,368 crore), down 3.05 percent from the previous day.

Amid the ongoing slowdown in the market, the Ethereum Name Service (ENS) domain has emerged as a marketplace for virtual assets such as OpenSea trading liquid assets. ETH as well as the drop in gas price has attracted crypto members to buy and exchange ENS addresses. Notably, ENS provides easy-to-read crypto wallet addresses by replacing difficult and long alpha-numeric crypto wallet addresses.

Meanwhile, scammers are targeting a large number of crypto holders in the US. Cases of scamming low-income crypto investors with the allure of romance are on the rise in the US. Most of the victims in such cases are in the age group of 20-40 years. Now the law enforcement organizations there have started issuing warnings against this ‘romance scam’.

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