Bitcoin price has hit rock bottom and the pattern has been the same in Crypto Market since December. Value of cryptocurrency started falling since early December. At that time it was trading at a 1 percent low, the price was USD 42,909.
Bitcoin has become very famous for its volatile nature and it is currently trading at USD 42,491.
In early November Bitcoin was trading at a record high price of USD 69,000 and since then it has lost more than USD 26,000. That accounts for nearly 7% of the value.
After Bitcoin, Ether is considered as the second largest cryptocurrency in the world. It is connected to Ethereum network. The price of Ether fell down by 4% and currently it is trading at USD 3,380.
On the other hand, price of Dogecoin increased by 0.4% and is now currently trading at USD 0.15. Shiba Inu prices increased by over 2 percent to USD0.000031. Binance Coin, on the other hand, was practically unchanged at USD470.
Other cryptocurrencies who have shown growth in past one day are Solana, Polygon, Uniswap, Stellar, Cardano, XRP, Tether and Litecoin.
If you will see with an overall retrospect, the crypto market fell by 2% to USD 2.17 trillion. Investors are still confused about changing patterns and governments across the globe are not showing positive interests.
Government of India will make laws to regulate cryptocurrency in India. The discussion was to be made in winter session of the Parliament. But due to other priorities it has been shifted for future discussion.