The cryptocurrency market witnessed a sharp decline in the last 24 hours. Bitcoin, Ethereum, Binance Coin, and Dogecoin fell significantly on Monday.
According to CoinMarketCap, the global cryptocurrency market cap fell by 3.60% till 2:20 pm. Due to this steep drop, the market cap declined from Rs 3.73 lakh crore to Rs 3.59 lakh crore, causing investors to lose ₹12.43 lakh crore in the last 24 hours.
The world’s most valuable cryptocurrency, Bitcoin, registered a sharp fall of 3% during the same period.
Over the weekend, Bitcoin touched $1,11,000, but by Monday noon, it was trading at $107,759, while Ethereum dropped by 4% in the last 24 hours. Ripple, Binance Coin, Solana, Dogecoin, and other major cryptocurrencies slipped by more than 6%.
Last week, Ethereum declined by 11.58%, while Bitcoin fell by 6.58% during the same period. Altcoins collectively dropped by 16% over the week.
