Why Crypto market is down today in india

The Crypto market is down today in India

 

The cryptocurrency request is in great discussion these days. Why the Crypto market is down today in India People had taken it as the easiest way to come rich. But suddenly due to the harshness of the governments of numerous countries around the world, the rates of numerous cryptocurrencies from bitcoin have gone upwardly.

 

Still, the rates of numerous cryptocurrencies are going up. There are some cryptocurrencies, whose rates are lower than 2 bones i.e. 150 rupees, and have given good returns. In such a situation, let us know what’s the rearmost rate of Cardano cryptocurrency piecemeal from Bitcoin cryptocurrency, Dogecoin cryptocurrency, XRP cryptocurrency, and Ethereum cryptocurrency at the moment.

 Bitcoin cryptocurrency Why Crypto market is down today in India

 

 The bitcoin cryptocurrency is presently trading at$ on CoinDesk. It’s presently over2.54 percent. The request cap of the bitcoin cryptocurrency at this rate is$686.30 billion. During the last 24 hours, the maximum price of the bitcoin cryptocurrency was$ and the minimal price was$. As far as returns are concerned, the bitcoin cryptocurrency has given a negative return of21.48 percent since January 1, 2022. The each-time high price of the bitcoin cryptocurrency has been$.

OMG: This Crypto Coin has made one rupee 3 crores

Bitcoin

 

 Ethereum cryptocurrency =

The Ethereum cryptocurrency is presently trading at$ on CoinDesk. It’s presently down by1.73 percent. The request cap of the Ethereum cryptocurrency at this rate is$283.16 billion. During the last 24 hours, the Ethereum cryptocurrency had a maximum price of$ and a minimal price of$. As far as returns are concerned, the Ethereum cryptocurrency has given a negative return of34.47 percent since January 1, 2022. The each-time high price of the Ethereum cryptocurrency is at$.

XRP cryptocurrency

 

 XRP cryptocurrency

 The XRP cryptocurrency is presently trading at$0.603682 on CoinDesk. It’s presently down1.05 percent. The request cap of the XRP cryptocurrency at this rate is$60.36 billion. During the last 24 hours, the maximum price of the XRP cryptocurrency was$0.62, and the minimal price was$0.55. As far as returns are concerned, the XRP cryptocurrency has given a negative return of26.96 percent since January 1, 2022. The each-time high price of the XRP cryptocurrency has been$3.40.

85 crores became just 7 and 1000 rupees, know about these Cryptocurrencies

XRP cryptocurrency

 

 Cardano cryptocurrency 

The Cardano cryptocurrency is presently trading at$1.04 on CoinDesk. It’s presently down by3.34 percent. The request cap of the Cardano cryptocurrency at this rate is$34.31 billion. During the once 24 hours the maximum price of the Cardano cryptocurrency was$1.11 and the smallest was$0.95. As far as returns are concerned, the Cardano cryptocurrency has given negative returns of-20.50 percent since January 1, 2022. The each-time high price of the Cardano cryptocurrency is at$3.10.

Cardano

 Dogecoin Why Crypto market is down today in India

 

 The Dogecoin cryptocurrency is presently trading at$0.136018 on CoinDesk. It’s presently down by2.16 percent. The request cap of the Dogecoin cryptocurrency at this rate is$18.08 billion. During the last 24 hours, the maximum price of Dogecoin cryptocurrency was$0.14 and the smallest price was$0.13. As far as returns are concerned, the Dogecoin cryptocurrency has given a negative return of19.76 percent since January 1, 2022. The each-time high price of the Dogecoin cryptocurrency is at$0.740796.

Dogecoin

 

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what to know before investing in cryptocurrency

 

Till now you to know before investing in cryptocurrency must have heard or read that he invested in cryptocurrencies and became a millionaire in no time.  Till a few days ago, only similar news was coming in, as if cryptocurrency is a money-making machine.  But now investors are facing the reality.

 Although still most of the people in the country see cryptocurrencies as risky, some people are considering them as a good investment option.  But now there is a steady decline in this digital currency, due to which people are starting to panic.  People are not able to understand what to do now, because every day the money invested in cryptocurrencies is getting cleared.

 If we talk about India, then in the last few months people’s inclination towards cryptocurrencies has increased rapidly.  People wondered why they should be left behind?  That’s why most people started investing money in cryptocurrencies at the behest of others.  Now regretting the same.  Because they did not take its risks seriously and got excited and invested money.

 

 There was the tremendous speed in 2021 =

 The year 2021 was a great year for the cryptocurrency, with Bitcoin reaching $69,000 in November-2021.  But since then the decline has continued.  Bitcoin was around $33,000 at the beginning of 2021.  But now 50 percent has fallen from its All-Time High.  Due to this huge drop in the price of bitcoin, its market value has decreased by about $ 600 billion.  Not only this, due to the decrease in the price of bitcoin, the value of the entire cryptocurrency market has decreased by about $ 1 trillion.

 What do we do now what to know before investing in cryptocurrency?

 

 Market experts believe that one day this had to happen.  But what to do now is the big question?  In such a situation, if you have invested money in Cryptocurrency, then do not panic and sell in a hurry.  But avoid investing in this fall too.  Because it is not certain that now there will be no further decline in cryptocurrencies.  Forget the money you have invested for a few days.

 

 On the other hand, if someone is assuming that this fall is also an investment opportunity, then they should invest only 5 percent of their investment portfolio in Cryptocurrency.  Not only this, do not invest all the money at once, invest money little by little.  And don’t invest at all without knowing.  Do take the help of a financial advisor.

 Know the reason for this decline what to know before investing in cryptocurrency

 

 The biggest reason for the decline in cryptocurrencies in the last few days is the uncertainty surrounding the Fed Reserve’s stance and several regulatory decisions.  This has raised apprehensions about the rapid growth of digital assets across the world.  Meanwhile, the Central Bank of Russia has also proposed a ban on bitcoin mining and crypto trading activity.  Even this industry has suffered a deep setback.

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