There has been a lot of turmoil in the crypto market outside the world including India. On Thursday, there was a huge change in the prices of major cryptocurrencies like bitcoin and ether. Bitcoin, the world’s largest cryptocurrency, had reached its lowest level in three months. In the last 24 hours itself, its price has lost more than 7 percent.
Before this, there was a market crash on December 21, during which the value of bitcoin had come to a halt at 34.96 lakhs. However, during October 2020, its price had reached 32.16 lakhs. In such a situation, it can be seen that at this time bitcoin is standing at its lowest level in the last three months. In addition to bitcoin, ether prices were cut significantly. The price of Ether was down by 8.90% on Thursday.
Shortly before the Federal Reserve of the US indicated that to control the rising inflation in the country, borrowing by the Federal Bank has been made expensive. Due to this news, there was a lot of stir in Sherbazar too.