Crypto Price Today: There has been a continuous decline in the crypto currency market for the last few days. The prices of Bitcoin, the world’s largest and oldest crypto currency, are also continuously falling. Even on Thursday, November 20, Bitcoin is trading at the red mark.
The price of Bitcoin had reached a low of $ 92,000 in early trading. Investors are facing huge losses in the crypto market. Investors have lost more than $1 trillion since the fall that has continued since October. Let us know the main reason for this decline and today’s crypto price….
Why is it declining?
Due to less chances of the US government cutting interest rates, investors are avoiding placing their bets on crypto. Also, continuous selling can also be a reason for the decline. For the last 5 days, money is being withdrawn continuously from Spot Bitcoin ETF.
Due to which the pressure on the crypto market has increased. The ongoing fall in Bitcoin prices had broken the record of 7 months. On November 18, Bitcoin reached a trading level below $90,000. The participation of small investors in the crypto market has decreased. However, big investors still maintain confidence in the market.
Today’s price of crypto
According to the website giving information about crypto prices, on Thursday, November 20, Bitcoin was trading at $ 92,577.82. If we compare the prices of one month, there is a decline of 14.16 percent. Ethereum was trading at $3,035.42, which is a decline of 21.44 percent. Whereas Solana crypto currency was trading at $143.71.
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.)
Also read: Gold Price Today: Opportunity to buy gold? Know how cheap the price of gold became from Delhi to Patna today
