Crypto Price Today Latest Updates: The crypto market is crashing as macroeconomic conditions become unfavorable again. After a strong few days of rally, the Bitcoin price is showing bearish sentiments once again. BTC fell over 2% in the last 24 hours and is trading at Rs. 16,69,987. It is still up by 6.4% for the last 7 days.
Ethereum is following the Bitcoin price lock-step as the second largest cryptocurrency plummets as well. ETH has fallen by over 3% and is trading at Rs, 1, 24, 028. Similar to BTC, ETH has been bullish all week and is up by 17% in the last 7 days.
How Are The Altcoins Performing
Throughout the crypto winter, the altcoin’s crypto price continues to take the major brunt. BNB has fallen over 1% in the last 24 hours. It is trading at Rs. 23620 and is up by 7% in the last 7 days. Cardano continues to be the most volatile crypto token. Cardano fell by over 5% in the last 24 hours and is priced at Rs. 31.78.
After a strong showing throughout the week, Polygon also falls to the bearish sentiment of the market. Polygon is trading at Rs. 74.67 after falling by 3% in the last 24 hours. However, $MATIC is up by over 11% in the last week and continues to score mass adoption.
Meme coins Dogecoin and Shiba Inu showed extremely poor performance yesterday. $DOGE fell by close to 4% in the last 24 hours and is trading at Rs. 6.14. Shiba Inu performed even worse and fell by over 8% in the last 24 hours. $SHIB is trading at Rs. 00087,
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Why Is Crypto Price Down Today
The tech stock crash has made the macroeconomic market weak again. Meta and Amazon both plunged by as much as 20% after missing out on their earnings report. Experts believe that the current tech crisis is similar to the Lehman brother crash.
US GDP does show a strong economy. However, the Federal Reserve will almost certainly continue with its hawkish stance for an extended period.
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