Crypto Crash: Huge fall in BitCoin, now only one third of the price remains, buying trend in only two of the top 10 cryptos

Crypto Crash: There is heavy selling pressure in the stock markets around the world. Domestic equity benchmark indices Sensex and Nifty 50 have also fallen flat. On the other hand, the situation of cryptocurrencies like Bitcoin is also not better and its prices have remained only about a third of the record level. The world’s largest cryptocurrency by market cap, the price of bitcoin has slipped below $ 22 thousand and today (June 14) once it had slipped below 21 thousand. In just one day, about 14 percent of the investors’ capital in bitcoin has been cleared. The condition of other cryptos also cannot be said to be better and the prices are slipping down in all.

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Prices fell to one third of the record level

Last year in November 2021, the price of one bitcoin had gone up to $69 thousand, which is its record high price. However, its strength could not last. According to data given on CoinDesk, its low in the last 24 hours is $ 20,834.50, which is less than a third of the record high.

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What is the status of other cryptocurrencies

Not only bitcoin but also cryptocurrencies like Ethereum, Tether, USDCoin and Dodgecoin are showing selling pressure. However, among the top 10 cryptocurrencies in the world by market cap, solana and polkadot are showing a buying trend. Given below are the current prices of the top 10 cryptocurrencies as of the time of writing this news. Please note that the prices of cryptocurrencies are very volatile.