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Friday, January 28, 2022

Dogecoin runs away due to Tesla’s support, the prices of Bitcoin, Ether, Ripple fall again

The past few days of this week were proving to be good for Bitcoin and many other big cryptocurrencies that on Thursday, investors suddenly changed their mind and the market suddenly started falling. After a few days of rise, the value of bitcoin on Thursday saw a decline of 1.92 percent, and at the time of writing this coin was trading at $46,221 (approximately Rs.34.24 lakh) on CoinSwitch in the last 24 hours. There is a drop of 1.83 percent on Kuber. Meanwhile, on global exchanges, bitcoin price today stood at $42,769 (approximately Rs 31.68 lakh), down 1.96 per cent in the last 24 hours.

The Ethereum based cryptocurrency Ether also registered a decline of 2.73 percent and as of writing the news, its price (Ether price in India today) on CoinSwitch Kuber is $3,544 (approximately Rs 2.63 lakh), while the trading value of Ether on global exchanges (Ether trading price) was $3,277 (approximately Rs 2.43 lakh). This coin has seen a decline of 2.05 percent in the last 24 hours.

The fall in the prices of Bitcoin and Ether on Thursday affected the rest of the market as well. Gadgets 360’s cryptocurrency price tracker shows that barring a few altcoins, all others remained down. Ripple, Cardano, Polygon, Uniswap, Chainlink, and Litecoin all saw price declines. Meanwhile, Polkadot and Monero were the only coins that saw an increase in prices.

However, the story of Mim Coins was different. On Thursday, the price of Shiba Inu (Shiba Inu price in India today) fell sharply by 5.78 percent to $0.000034 (about Rs.0.002511). At the same time, Dogecoin saw a massive 8.22 percent increase in the last 24 hours, which appeared to be rising due to the news of Tesla trialing DOGE as a payment option.<!–

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Damini Sharma
Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.
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