Cryptocurrency Latest Price News.

Cryptocurrency Latest Price News. continued its downward journey. Even on Tuesday amid reports. China tightening the noose around crypto exchanges. Crypto crash today financial institutions deal with. The crypto business in any way. The global crypto market on CoinSwitch Kuber. A crypto exchange that facilitates trading. INR in India, was down by over 10 percent at 12:10 pm.

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Bitcoin continued to tumble even on Tuesday, dragging other coins cryptocurrency Latest Price News. Bitcoin was down 1.16% after sliding past the 25 lakh mark. Why the cryptocurrency market is down today however The ‘mother coin’ created a day’s high of Rs 26,38,175, while it went on to drag till 24,73,216.

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The number 2 coin in the global cryptocurrency order, Ethereum too continued to trade in red at Rs 1,52,099, down 3.19%. Ethereum created a day’s low of Rs 1,47,885. Third, in the line, Tether continued to trade in the limited range and was also marginally down on Tuesday. However, Tether was trading at Rs 78.5346, down 0.07%. Meanwhile, Dogecoin went on to hit the day’s low of Rs 13.285243 and was trading almost 22 percent lower at Rs 15.699280.

However, In the recent past, cryptocurrencies usually showed high levels of volatility. cryptocurrency news Cardano However Correction on weekends, Whenever. They continued to trade in negative territory on Monday and even on Tuesday now. Except for Tether, these coins have corrected up to 33% in one week.

‘Death cross’ and how it is affecting cryptocurrency price movement

Experts are citing the ‘death cross’ on the technical chart triggering this massive correction. However, As per Investopedia, cryptocurrency’s Latest Price News. Cryptocurrency Latest Price Ne The death cross is a technical chart pattern indicating the potential for a major sell-off. ‘Death cross’ is when a short-term.

The average trendline crosses below a long-term average trendline – signaling a change in price momentum. Bitcoin news prediction, However, The 50-and 200-day combination often attracts the most attention. Over the weekend, bitcoin’s 50-day moving average fell below its 200-day moving average.

RBI stance on cryptocurrency

Meanwhile, Indian investors should know that crypto trading is not banned in the country. Whenever The Reserve Bank of India (RBI) continues to maintain. Global cryptocurrency ranking Whenever A cautious approach has been maintaining its 2018 stand, wherein it has barred banks and financial institutions from dealing in cryptocurrencies.

The order was later struck down by the Supreme court. “There is no change in RBI’s position. We have major concerns about cryptocurrency. cryptocurrency Latest Price News. cryptocurrency news predictions which we have conveyed to the government, “RBI Governor Shaktikanta Das had recently said.