With the fall in Bitcoin, almost all other cryptocurrencies are also trading with losses. The invasion of Ukraine was launched by Russia on 24 February, and the war has been going on since then. In addition, the recent peace talks between the two countries have also failed. At the same time, according to a Bloomberg report, China is determined to tighten further crackdowns on crypto mining, trade and fund raising, despite already imposing several restrictions on crypto. Somewhere in the last few days, all these reasons are becoming the reason for the decline in the crypto market.
Ether also seems to be going down today. As of writing the news, Ether price in India today has slipped below the $2,700 mark (approximately Rs 2.08 lakh), with a loss of 3.43 percent, according to Gadgets 360’s crypto price tracker.
As of the beginning of the second week of March, the value of Ether on CoinSwitch Kuber was $2,629 (approximately Rs 2 lakh). On international exchanges, ETH saw a decline of over 3.45 per cent, and was trading at around $2,518 (approximately Rs 1.95 lakh) per token.
Binance Coin, Ripple, Terra, Cardano, Solana, and Avalanche also posted significant losses, rising up to seven percent.
Mime coins Dogecoin and Shiba Inu were also not in profit. However, stable coins like Tether, USD Coin, and Binance USD managed to post modest gains.
Some smaller tokens such as Dogefi, Bitcoin Hedge, Floki Inu, and Nano Dogecoin have also posted modest gains.<!–