Bitcoin was trading at just over $41,400, down by 4.72 percent. The second-largest cryptocurrency by market capitalization, Ethereum which has the second-largest stake in the crypto market, was down by 6.18 percent at $2,730.
Prices of Bitcoin and major cryptocurrencies fell on Friday as investors' appetite faded after Russia stepped up its attack in Ukraine.
Bitcoin was trading at just over $41,400, down by 4.72 percent. The second-largest cryptocurrency by market capitalization, Ethereum, was down by 6.18 percent at $2,730.
Other cryptocurrencies like XRP were down by 3.65 percent, Solana fell by 7 percent, Avalanche was down by 5 percent, Cardano was down by 5 percent, Polkadot fell 4 percent, Stellar fell 5 percent.
Popular cryptocurrencies such as Dogecoin were down by 5 percent, Polygon fell by 4 percent and Shiba Inu was down 4 percent.
CHINA TO UNDERTAKE DIGITAL YUAN TEST
Meanwhile, China is all set to approve trials of the central bank digital currency - digital Yuan - in a number of cities and regions. Economic sanctions on Russia have put the spotlight on the potential role of digital assets and cryptocurrencies.
TIPS FOR BITCOIN BUYERS IN INDIA
"Bitcoin slipped below US$42,000 in the past 24 hours. The second-largest cryptocurrency, Ethereum, is trading at US$2,700. Most of the cryptocurrencies in the market are also down as Russia escalates its attack,".
"BTC’s support price holds between US$37,000 to US$40,000. To sustain the recovery phase, buyers must keep BTC above the US$37,000 breakout level. Since there are very few signs of exhaustion, it could keep the short-term buyers active in the crypto market," experts said.
Comments
Post a Comment
If you have doubts, please let me know