As Top Coins Experience a Bloodbath, Bitcoin Falls Below $27,000
Quick analysis of the cryptocurrency pricing on August 18 The value of the entire market fell to $1.06 trillion. The world's oldest and most valuable cryptocurrency, Bitcoin (BTC), fell under the $27,000 threshold early on Friday, casting a dismal shadow over the entire market. The US Federal Open Market Committee (FOMC) meeting's concerns about inflation were the primary reason of this. Additionally, it's thought that SpaceX downgrading its BTC holdings and the deteriorating status of the Chinese economy may have had an impact. Other well-known altcoins, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), also ended the day in negative territory. At the time of writing, the market cap of all cryptocurrencies was $1.06 trillion, representing a 6.76 percent decline over the previous 24 hours. Bitcoin Price Today According to CoinMarketCap, the price of one bitcoin was $26,361.86, a drop of 8.02 percent over the previous 24 hours. Bitcoin was trading at Rs 23.80 lakh, according to Indian exchange WazirX. Ethereum Price Today At the time of writing, the price of ETH was $1,675.36, a drop of 6.78 percent over the previous 24 hours. According to WazirX, the price of ethereum in India was Rs 1.48 lakh. Dogecoin Price Today According to data from CoinMarketCap, the price of DOGE, which is currently $0.06071, fell by 10.98% over the course of a day. Dogecoin's pricing in India was Rs 5.40, according to WazirX. Litecoin Price Today The 24-hour loss for Litecoin was 14.48 percent. Its price at the time of writing was $64.31. In India, the cost of LTC was Rs 5,679. Ripple Price Today The price of XRP was $0.4906, down 17.03 percent over the previous day. WazirX reported that the price of ripple was Rs 44. Solana Price Today The price of Solana was $21.53, down 8.16% over the previous 24 hours. SOL cost Rs 1,949.97 in India, according to WazirX.
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