The Price of Bitcoin and Ether Has Recorded a Drop: On Wednesday, April 6, the prices of all popular cryptocurrencies, including bitcoin, fell sharply, as investors decided to avoid the risk of the biggest hike in US interest rates in three decades. The world’s most popular cryptocurrency was trading with a decline of 5.01% as of Wednesday, April 6. For the first time in almost two weeks, it fell below $ 43,000 in global exchanges i.e. about 32 lakh rupees in terms of Indian currency. At the time of writing the news, the price of bitcoin has fallen by 4.24 percent in the last 24 hours and on the Indian exchange Coinswitch Kuber is $ 45,934 i.e. about Rs 34.5 lakh in Indian currency.
The Price of Bitcoin falling Down
The price of bitcoin cryptocurrency on global exchanges is around $ 44,000 i.e. around Rs 33 lakh to $ 43,779 i.e. around Rs 33 lakh, which is a 3.69 percent drop in price in the last 24 hours. According to data from CoinGecko, the price of BTC has fallen by 7.8 percent week-on-day in the corrections made in the past few days.
Ether Crypto Also Did Not Perform Well
We know Ether, the second-largest cryptocurrency in the world, performed well in March but did not stay the same until the first week of April. While writing the news, the price of Ether on Coinswitch Kuber is $ 3,393 i.e. about 2.5 lakh rupees according to Indian currency, while the value of the crypto price of global exchanges is $ 3,230 i.e. about 2.5 lakh rupees according to Indian currency. The coin has seen a decline of 3.9 percent in the last 24 hours.