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Bitcoin, Ether started off with a slight decline, Tether, USD Coin, Cardano surged

The price of bitcoin on the Indian exchange CoinSwitch Kuber is running at Rs 32 lakh 86 thousand per token.

The volatility in the cryptocurrency market continues. The cryptocurrency trade opening on Wednesday saw a mixed trend for the tokens. Top cryptocurrencies like bitcoin and ether have started with a decline. But there were also some cryptocurrencies that started trading with gains. The price of bitcoin has declined today but it still remains at the level of $42,000 (approximately Rs 31.91 lakh). The world’s largest cryptocurrency has lost 0.19 percent in the last 24 hours which is very minor. If we look at the price history of bitcoin, except March 18, its price has been continuously increasing in the last 7 days. Till the time of writing the news, the price of bitcoin on the Indian exchange CoinSwitch Kuber was running at Rs 32 lakh 86 thousand per token. There itself, The price of bitcoin was trading at $41,907 (about Rs 31.87 lakh) on global exchanges such as CoinMarketCap. So far in 2022 (Year to Date- YTD) The price of bitcoin has dropped by 8 percent. It is still down 30% from its high of $69,000 in November last year.

The price of the Ethereum blockchain based cryptocurrency Ether (Ether Price Today) also started with a drop. The world’s second largest cryptocurrency is down 1.67% in the last 24 hours. At the time of writing the news, the price of Ether on the Indian exchange CoinSwitch Kuber was Rs 2.31 lakh, while on global exchanges its value is trading at $2,933 (about Rs 2.23 lakh).

Gadgets 360 Cryptocurrency Price Tracker reports that the cryptocurrency prices are showing mixed trends today. Where Tether , USD Coin , Cardano and Polkadot prices have risen while tokens such as Ripple , Terra , Solana and Avalanche have declined. The biggest gain was in Cardano which stood at 3.63 percent. Whereas Avalanche has seen the biggest decline with 4.76 percent.

Talking about the meme cryptocurrency, the Shiba Inu appeared to be going in the opposite direction from Dodgecoin. The price of Dogecoin has increased by 0.16 percent and at the time of writing the news, the price of Dogecoin in India was at Rs 9.58. In contrast, the Shiba Inu’s price was down 0.54 percent today. Till the time of writing the news, the price of Shiba Inu in India was 0.001826 rupees.

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