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The cryptocurrency market has been going through turmoil for the past few weeks, and because of that, the majority of cryptocurrencies are seeing more losses than gains. On Monday, November 21st, Bitcoin entered the red trading arena. BTC values are down 3.97 percent to trade at a price point of $15,960 (roughly Rs. 13,000), according to cryptocurrency price tracking by Gadgets 360. BTC pricing has seen barely noticeable changes on international exchanges as well. According to Binance and Coinbase for example, BTC is trading at $15,986 (roughly Rs. 13 lakh).
Ethereum It met a similar fate, with losses dragged along with Bitcoin. ETH posted a price decrease of 7.81 percent on the charts, to trade at $1,118 (roughly Rs. 91,540).
The majority of altcoins settled with losses today, following the BTC and ETH price tracks.
These include Binance coinAnd the CardanoAnd the UniswapAnd the ribbedAnd the dripper.
Dogecoin And the shiba inu It also witnessed a drop in prices.
“If buyers can push BTC price above the upper trend line, we may see an upward trend this week. On the other hand, Ethereum also fell by 8% over the weekend. If the selling pressure does not subside, ETH is likely to remain under the downside threat until The price remains below the trend line,” Edul Patel, CEO and co-founder of Mudrex told Gadgets 360.
In the current market situation, only a few cryptocurrencies have managed to turn a profit. These include stablecoins such as RopeAnd the USD coinAnd the Binance USD.
LEOAnd the doogeeAnd the Bitcoin HedgeAnd the drape Slightly increased in price.
The overall crypto market is down 4.21 percent over the past 24 hours. The current valuation of the cryptocurrency sector is $801.53 billion (roughly Rs. 65,61,543 crores), as per CoinMarketCap.
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