Bitcoin Price Today: There are constant fluctuations in the crypto currency market. Talking about the beginning of the month of December, it has not been good for the crypto market. The world’s largest and oldest crypto currency Bitcoin has seen a huge decline on the first trading day of the week, Monday 1 December.
Bitcoin has fallen by about 6 percent in the last 24 hours. Due to which investors have suffered losses worth crores. Recently, there was an improvement in the prices of Bitcoin, and it again started trading above the price of $90,000. However, during today’s trading day it has fallen and is trading at around $86,000….
Condition of crypto currency in the market
According to CoinMarketCap, at around 12:45 pm on Monday, Bitcoin was trading at $86,141.71. Talking about the last 24 hours, it had fallen by 5.30 percent. A decline was also seen in the prices of Ethereum.
Ethereum slipped 5.93 percent and was trading at $2,824.16. There was also a decline in Tether and Solana crypto currencies. Solana had slipped by about 7 percent. Solana was trading at $126.69 during the trading day.
Why did this decline occur?
According to market experts, the selling in the Asian market and the possibility of increasing interest rates by the Bank of Japan could be the factors behind this. Recently, big and old investors of crypto had also sold. After which the crypto market turned red.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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