22 Jun 2022

Bitcoin Holds On $ 20,000 While Ether, Major Altcoins Slide Under Fear of Recession.

In line with the common stock market, Bitcoin and the broader crypto market have seen declining prices as investors' interest in risky assets also diminished due to growing fears about the economic downturn. The price of the biggest cryptocurrency in the market currency reached a high on Tuesday at $ 21,620 the evening before falling to about $ 20,000 (approximately Rs. 15.3 lakh) levels earlier on Wednesday. As things stand, the price of BTC is around $ 20,300 (about Rs. , down 1.23 percent in the last 24 hours.

In international exchanges such as CoinMarketCap, Coinbase, and Binance, the price of Bitcoin stands at $ 20,301 (approximately Rs. 15.86 lakh) while CoinGecko data shows that the BTC value is currently red at 8 percent , 4 week and day.

While Bitcoin continued to move around the $ 20,000 mark (approximately Rs. 15.5 lakh), Ether continued to slide down. At the time of publication, Ether is estimated at $ 1,160 (approximately Rs. 91,000) in CoinSwitch Kuber while world exchange rates see the crypto value of $ 1,098 (approximately Rs. 86,000), with cryptocurrency losing a percentage of -2.14 within the last 24 hours.

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