A huge drop in cryptocurrencies; Bitcoin has declined over 10% in the last 24 hours

The price of major cryptocurrencies has dropped drastically in the last 24 hours. Here is the pricing profile of the major cryptos.

A huge drop in cryptocurrencies; Bitcoin has declined over 10% in the last 24 hours

Bitcoin, the world's largest cryptocurrency, fell 16.6 percent in the last 24 hours to trade at 47,164.46 USD, according to CoinGecko. About 10,000 USD fell in one hour, temporarily lower to $ 42,000 before bouncing up to $ 47,000. According to Coinglass.com, nearly $ 2.4 billion of X Parent's long-term and short-term sales were cashed in on Saturday. The highest since September 7th. Bitcoin is down nearly 21,000 USD after hitting a record $ 69,000 on November 10.

Also, Ether, the coin attached to the Ethereum blockchain and the second largest cryptocurrency. On Saturday, it fell 15.9 percent to 3,848.23 USD. The global cryptocurrency market capitalization today is $ 2.3 trillion. The stock has changed -16.4% in the last 24 hours. The total cryptocurrency trading volume in the last day is $ 201 billion. Bitcoin's dominance is 38.8 percent and Ethereum's dominance is 19.9 percent.

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Dogecoin Saturday was also on the decline path. This cryptocurrency is down 22.2% today at $ 0.163772. Shiba Inu fell 13.2 per cent to $ 0.00003604. Other cryptocurrencies Litecoin (LiteCoin), XRP, Polkadot, Uniswap (Uniswap), Stellar (Stellar) are also trading with losses in the last 24 hours.

Changes in cryptocurrencies come amid a period of fluctuations in financial markets. Rising inflation has created pressure on the Reserve Bank of India to tighten monetary policy. There are fears that the Omicron mutation of the corona virus could affect the global economic resumption.

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