New Delhi: The cryptocurrency market saw a bloodbath yesterday due to some reasons. It is expected that market lost nearly $1 trillion in market capitalisation.
The world’s largest cryptocurrency, Bitcoin, plunged almost 30percent to $30,ooo, on the other hand, etthereum also saw their biggest single-day fall since March 2020.
The $40,000 mark is a “critical make-or-break pivot level” for Bitcoin and a decline to just below $30,000 isn’t out of the question, said Jeffrey Halley, senior market analyst at Oanda
While the market was crashing cryptocurrency mobile application WazirX faced some technical issues. Users were unable to buy or sell the coins. But WazirX is not the only exchange that is facing same kinds of trouble.
As last of 10.55 am on May 20, here are the prices of the largest crypto:
> Bitcoin: $39,462
> Ethereum: $2,605.56
> Tether: $1
> Binance Coin: $355.29
> Cardano: $1.59
> Dogecoin: $0.3497
> XRP: $1.14
> Polkadot: $26.76
> Internet Computer: $148.81
> Bitcoin Cash: $758.63