However, Ether, the world’s second largest cryptocurrency, did not follow Bitcoin in terms of losses. According to Gadgets 360’s crypto price tracker, Ether is trading up 1.39 per cent at $1,620 (about Rs 1.30 lakh).
It is worth noting that both the top cryptocurrencies in the world have seen a big drop in prices in recent days. As of August 17, bitcoin and ether were trading at $24,011 (approximately Rs 19 lakh) and $2,064 (approximately Rs 1.65 lakh). The price crash was driven by excessive selling pressure from bitcoin miners who sold around 6,000 BTC to pay for operating expenses, according to industry experts.
Back to prices, Tether, USD Coin, Binance Coin, Cardano and Solana have seen price losses. Popular dodgecoin and shiba inu prices have also declined in the form of mime coins. However, some coins have managed to make modest gains. These include Binance USD, Ripple, Polkadot, Polygon and Avalanche.
According to CoinMarketCap, the global crypto market cap is at $1.02 trillion (approximately Rs.81,46,372 crore), an increase of 0.08 percent over the previous day.
Meanwhile, security researchers associated with the game of ‘Serpents’ on social media have advised members of the crypto community to avoid engaging with strangers on crypto-related schemes. Researchers have recently alerted that the crypto community is being targeted by scammers on Twitter. The researcher warns that scammers are trying to spoof websites as part of their strategy, spreading hacked verified accounts as well as fake projects and airdrop promises through Twitter, and luring people into their trap. have been