Most of the main cryptocurrencies have seen a slight decline over the past 24 hours. A few standouts are still on the rise though. A longer trend is still to be expected for tokens like bitcoin. But it is still a long way from the maximum level in the month of May.
This slight change in prices can be considered an effect of fake news. Like there was some fake news that Walmart is going to accept Litecoin but it was denied by official sources. But due to this, in a short time, the prices rose sharply and then came down.
Bitcoin , the world’s largest cryptocurrency by market capitalization, fell 0.65 percent over the past 24 hours on Friday, according to the Gadgets 360 Bitcoin Price History tracker, but it still remains above the start of the week. The price of bitcoin in India is running at Rs 37 lakh 23 thousand. The price of Ethereum in India has also fallen by 2.84 percent to Rs 2 lakh 77 thousand. Ethereum has faced some challenges recently. It remains the most popular blockchain for use in NFTs which has obviously helped its value.
On the other hand, the price of Dodgecoin has increased by 5.25 percent in India to Rs.20 . Besides this, Tether (USDT) is also up 0.34 per cent and is now trading at Rs 78.32. Meanwhile, Uniswap Price is down 5.21 per cent and is trading at Rs 2,020.76.
Cryptocurrency trading is gaining momentum around the world. Earlier this month AMC Theaters said it would accept bitcoin for online tickets and discounted payments. And will likewise accept other cryptocurrencies like Ethereum, Litecoin and Bitcoin Cash. It is expected that this will further boost investor confidence for the cryptocurrency which is expected to further improve the price.
