The value of bitcoin on CoinSwitch Kuber is $41,926 (approximately Rs 32 lakh). Its price had gone up to $ 40,402 (about Rs 31 lakh) on global exchanges, but it has fallen by 3.46 percent in the last one day. According to data from CoinGecko, the price of bitcoin has fallen by about 10 percent over the past week, despite a rally on Wednesday. Ether, the second largest cryptocurrency by market capitalization, also gained on Wednesday. However, it declined on Thursday. When this report was published, its price on CoinSwitch Kuber was $2,762 (about Rs 2 lakh). Its price on global exchanges was around $2,645. It has decreased by 2.43 percent in the last one day. Data from CoinGecko shows that Ether’s value has fallen by about 12 percent over the past week and 17 percent since mid-February.
Thursday looks to be off to a bad start for all of the top 30 altcoins from Gadgets 360’s cryptocurrency price tracker. Terra, Cardano and other coins have declined in the past day. Mime coins like Dogecoin and Shiba Inu have also come down. Dogecoin was priced at $0.12 and declined by 3.63 percent in the past day. The Shiba Inu was priced at $0.000024 and it is down by about 3.95 percent in the last one day.
Market sentiment improved on Wednesday after reports of Ukraine not acceding to NATO and Russia expressing its intention to resolve the dispute through talks, but the market again showed pressure on Thursday. In an executive order on digital assets in the US, the Federal Reserve has been asked to consider whether it should issue its own digital currency. It also includes a study by the Treasury Department and other agencies on the impact of cryptocurrencies on the financial system and security.
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