Bitcoin Crash : Bitcoin fell to its lowest level in three months. Around 12.15 pm on Thursday, bitcoin had declined by 6.40% and reached the level of Rs 34,71,537. Its price in the global markets is running around $ 43,000.
Bitcoin Crash : Bitcoin hits three-month low
The cryptocurrency market is getting hitched. On Thursday, big cryptocurrencies like Bitcoin and Ether are registering a tremendous decline. Bitcoin has reached its lowest level in three months. In the global markets, the value of bitcoin has fallen by more than seven percent in the last 24 hours. At the same time, on the crypto exchange CoinSwitch Kuber in India, this currency has declined by 6.17 percent in this period.
Bitcoin Crash : Bitcoin was down 6.40% on Thursday afternoon around 12.15
And it had reached the level of Rs 34,71,537. Its price in the global markets is running around $ 43,000. Let us tell you that before this there was a flash crash in the market on December 21, 2021, after which bitcoin came to the level of 34.96 lakhs. But before that, on October 1, 2021, the value of the largest currency had fallen to the level of Rs 32,16,694. In such a situation, bitcoin has come to its lowest level in three months.
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In the last one week, this currency has seen a decline of 6.8 percent.
Ether has also fallen by more than nine percent in the last 24 hours. In the last one week, this currency has seen a decline of 6.8 percent. On Thursday afternoon, on CoinSwitch, its price was down by 8.90% at the level of Rs 2,78,637.
This news has also shocked the stock markets.
Let us tell you that this big fall has come when the US Federal Reserve has indicated that it may increase its interest rate prematurely. In fact, in order to control inflation and bring more stability in the economy, the Federal Bank will make it costly for banks to borrow. This news has also shocked the stock markets. At the same time, Kazakhstan, which accounts for the highest 18 percent share of hash activity on the bitcoin network, has had an Internet shutdown, after which the hashrate of BTC fell by 13.4 percent, which also caused the value of bitcoin to fall.
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