Bitcoin fell below $ 37,000 today, breaking the 39,000 level for the first time in two weeks
Cryptocurrency Price: Today, after a two-week rally, the cryptocurrency has declined. Bitcoin has fallen below $ 37,000 today after breaking the $ 39,000 level for the first time in two weeks. The world’s most popular and largest cryptocurrency fell 4% to $ 36,861, according to market cap. According to CoinGecko, the global cryptocurrency market fell more than 4% to 7 1.79 trillion today after the crypto price crash.
Ether, the currency tied to the Ethereum blockchain and the second-largest cryptocurrency, fell more than 3% to $ 2,677, according to Queensdesk. Similarly, Binance Coin was down 4% at $ 366.
Dogecoin also fell nearly 4% to 0.13 while Shiba Inu traded up more than 5% at 00 0.000021. Other cryptos also surpassed XRP, Stellar, Avalanche, Cardano, Solana, Polygon, Terra. In the last 24 hours, it has seen transactions in the range of 4-9%.
Bitcoin has fallen more than 20% since the beginning of this year (year-to-date or YTD), while it has almost halved since reaching its all-time high of 69,000 in November 2021. The prospect of tightening monetary policy has helped fuel a bearish trend in cryptocurrency assets.
According to media reports, India’s finance secretary has said that crypto can never be a legal tender. Only digital rupee issued by Reserve Bank of India (RBI) will be legal tender. The digital rupee, introduced by the RBI, will never be the default. The rest is not a legal tender, it will not be, there will never be a legal tender. Bitcoin, Etherium or any image of an actor becoming an NFT will never become a legal tender.
