Cryptocurrency prices plummeting: Bitcoin down, Ethereum too slumps
By MYBRANDBOOK
As the Russian threat to invade Ukraine still remains, the global cryptocurrency market seems to be trading in the red. This has resulted in Bitcoin's price slumping below $41,000, while Ethereum and other major altcoins are seen plummeting as investors also remain concerned about inflation.
The world's most popular cryptocurrency, Bitcoin, was down by 7.02 per cent at $40,589.40, while the second largest cryptocurrency by market capitalization, Ethereum, was down by 5.99 per cent at $2,884.75.
XRP was down by 4.82 per cent, Solana was down by 5.54 per cent, Terra was down by 8.67 per cent, Avalanche was down by 6.99 per cent, Cardano was down by 4.20 per cent, and Stellar was down by 7.55 per cent.
Other popular cryptocoins Polkadot was down by 5.28 percent Dodgecoin was down by 4.76 percent, Shiba Inu was down by 5.55 per cent, and Polygon was down by 7.38 per cent.
"The global crypto market cap fell by nearly 7 per cent, while the trading volume rose by 25 per cent in the past 24 hours. Bitcoin and Ethereum dipped 7 per cent, each trading at US$40,000 and US$2,900. BTC’s support price holds between US$38,000 to US$40,000, which could stabilize the current pullback," said Edul Patel, CEO and Co-founder, Mudrex.
"According to the market cap, the top cryptos ran in red over the previous day. This drop in the crypto market is due to the ongoing tensions between Russia and Ukraine. Investors seem to be concerned about the inflation levels too," Edul Patel said.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
STERLITE TECHNOLOGIES LTD.
BEETEL TELETECH LTD.
DRUVA SOFTWARE PVT. LTD.
ALPHAMAX TECHNOLOGIES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Daisy Chittilapilly
Daisy Chittilapilly is the President of Cisco’s India and SAARC regi...
ICONS OF INDIA : SUNIL VACHANI
Sunil Vachani is the Chairman of Dixon Technologies (India) Ltd. Under...
ICONS OF INDIA : ROSHNI NADAR MALHOTRA
Roshni Nadar Malhotra is the Chairperson of HCLTech, a leading global ...
PARTNER SPEAKERS
PSU
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
GSTN - Goods and Services Tax Network
GSTN provides shared IT infrastructure and service to both central and...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Aman Bhutani, CEO, GoDaddy
Aman Bhutani, the self-taught techie and CEO of GoDaddy, oversees a co...
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
Indian Tech Talent Excelling The Tech World - ANJALI SUD, CEO – Tubi
Anjali Sud, the former CEO of Vimeo, now leads Tubi, Fox Corporation...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
