Bitcoin retreated a little farther from its recent all-time high. On the Indian market CoinSwitch Kuber, each token of the world’s oldest cryptocurrency is selling at $63,350 (approximately Rs. 47 lakh) after a 2.33 percent drop. Meanwhile, on worldwide exchanges like CoinMarketCap and Coinbase, Bitcoin is selling at an even lower price of approximately $57,566 (around Rs. 42 lakh). Bitcoin’s new prices have plummeted from their all-time high of $68,327.99 (approximately Rs. 50.5 lakh) reached on November 9. For the time being, numerous other cryptocurrencies are trailing Bitcoin in terms of losses.
According to Gadgets 360’s crypto price tracker, Ether is presently trading at $4,599 (approximately Rs. 3.4 lakh), down 4.19 percent from its opening price. Earlier this month, the Ethereum-based cryptocurrency hit an all-time high of $4,870 (approximately Rs. 3.61 lakh) and has since managed to keep its pricing around that level.
Tether, Cardano, Ripple, and Polkadot, among other notable cryptocurrencies, have all seen their prices fall, turning the crypto charts crimson.
Dogecoin and Shiba Inu, two meme-based dog currencies, both started trading with losses.
Today, just a small handful of cryptocurrencies managed to make increases.
Elrond, Cosmos, Bitcoin SV, and Zcash are among today’s gainers.
On the other side, there are substantial shifts in the worldwide crypto attitude.
While several cities in the United States, such as New York and Miami, are embracing the crypto-culture, Prime Minister Narendra Modi has stated that cryptocurrencies must be made “safe” to use.
Helen Wong, the CEO of OCBC, Southeast Asia’s second-largest bank, revealed in an interview that the firm is also looking to build up a digital asset exchange. The Oversea-Chinese Banking Corporation, or OCBC, is headquartered in Singapore.
Furthermore, the CEO of Australia’s largest bank, Commonwealth Bank, has anticipated greater hazards if the digital asset business is not entered early enough, and has formed agreements with top crypto firms.