Bitcoin, ETH See Price Drops, Stablecoins Show Stronghold Amid Turbulent Market 6r1058

Bitcoin fell by almost 3.40 percent to trade at $24,060 (roughly Rs. 19 lakh). 94e59

Bitcoin, ETH See Price Drops, Stablecoins Show Stronghold Amid Turbulent Market

Photo Credit: Unsplash/ Michael Förtsch 32z31

The crypto market valuation stands at $1.09 trillion

Highlights
  • Dogecoin, Shiba Inu saw losses
  • Cosmos, Chainlink ed dips
  • Tether, USD Coin saw profits
ment

The cryptocurrencies that had been riding on high horses these recent weeks, witnessed minor setbacks on Wednesday, February 22. Bitcoin fell by almost 3.40 percent on both, national as well as international exchanges. The oldest and most expensive cryptocurrency currently stands at the price point of $24,060 (roughly Rs. 19 lakh). In the last 24 hours, the value of Bitcoin reduced by $860 (roughly Rs. 71,225). The bear market sentiment, while weakened, has not shrugged completely off the market sentiment.

crypto price tracker by Gadgets 360. In the last 24 hours, ETH has dropped by $61 (roughly Rs. 5,052).

Other loss-making cryptocurrencies include Avalanche.

These were further ed by Monero.

Shiba Inu also recorded losses.

“This shift in momentum within the crypto markets might have been influenced by uncertainties surrounding the SEC and Paxos, resulting in a change in sentiment,” Edul Patel, the Co-Founder and CEO of Mudrex told Gadgets 360.

Paxos, the stablecoin issuer that wholly owned and managed the Binance USD stablecoin, is facing a lawsuit from the SEC that accuses Paxos of issuing the BUSD coin as an uned security. Both the parties have been engaging in private conversations where Paxos has claimed that BUSD was not a security.

In the backdrop of this ongoing chaos, the overall crypto market valuation slipped by 3.16 percent to stand at $1.09 trillion (roughly Rs. 90,58,388 crore), data by CoinMarketCap showed.

Only stablecoins such as Bitcoin Cash.


The iQoo Neo 7 packs a lot of power at an affordable price. But did the company cut the right corners to keep the price low? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Doge Killer
Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More
Motorola Razr 2023 Design Leaks Tip Bigger Cover Display and More: All Details
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

ment

Follow Us

ment

© Copyright Red Pixels Ventures Limited 2025. All rights reserved.
Trending Products »
Latest Tech News »