According to CoinGecko, the price of bitcoin has seen a drop of over 19% over the past month, even though the cryptocurrency has gained over 70% year-on-year.
Ether’s performance is also looking as bad as that of bitcoin. The world’s second largest cryptocurrency is down 3.78% over the past 24 hours after seeing a drop of 1.09% since Wednesday. At the time of writing the news, Ether price in India today on CoinSwitch Kuber was $3,665 (approximately Rs 2.73 lakh), while on the global exchange this crypto coin was trading at $3,669 (approximately Rs 2.74 lakh).
Gadgets 360’s cryptocurrency price tracker shows that the entire market is going through a post-Christmas capital crunch. Tether, Ripple, Chainlink, and Polygon all saw significant declines, while Uniswap, Cardano, and Polkadot topped the list of coins seeing the most losses.
This week is also not going well for Mim Coin. Dogecoin price in India today fell by 4.03% to $0.17 (approximately Rs 12.63) in the last 24 hours. At the same time, the price of Shiba Inu (Shiba Inu price in India) also declined by 6.74% and was trading at $0.000033 (approximately Rs.0.002488).