Bitcoin continues to decline, Ether also saw losses, know the latest situation of crypto market

The crypto market showed some momentum last week and bitcoin, the world’s most popular cryptocurrency, crossed the $22,000 mark. But the situation seems to be returning to the old state once again. All major cryptocurrencies were seeing losses as of early Tuesday, July 26. The global crypto market cap has also come down by 5 percent to $967.59 billion compared to the previous day. At the same time, some crypto market volume has increased by 26.49 percent to $ 77.20 billion in the last 24 hours.

Talk about the world’s largest cryptocurrency Bitcoin, its price is currently at Rs 16,84,415, which has declined by 3.83 percent. According to data from CoinMarketCap, bitcoin is dominating all cryptocurrencies with 41.66 percent.

At the same time, the price of Ether, the world’s second most popular cryptocurrency, is Rs 1,13,399. There is also a decline of 6.95 percent in this. Cryptocurrencies like Tether, USD coin and Binance coin are also declining. Although Binance USD is in the green charge i.e. profit has been seen in its prices.

Popular Shiba Inu and Dodgecoin prices have also seen a decline in the form of Mime coins. Shiba Inu is down more than 7 percent and Dodgecoin is down more than 5 percent. On the other hand, the process of sending Shiba Inu to the debt wallet is going on. Billions of Shiba Inu coins have been burned so far. All this is being done in view of the increase in the prices of this cryptocurrency in the future.

According to reports, the objective with which the Shiba Inu token is being burnt is still a long way off. The coin’s developer, Shiba Shiotoshi Kusama, has stated that a “true community effort” is needed for a large-scale Shiba Inu burn. This is the reason why another 150 million SHIB tokens have been burned in the last few days.

Dead wallets are wallets that are not in use. The tokens contained in them cannot be sent or withdrawn to any other wallet. After being sent to these wallets, the tokens go out of circulation and the total supply of tokens decreases. The Shiba Inu team has launched a new burning portal. The aim is to burn as many tokens as possible and get them out of circulation.

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