Crytocurrency Prices Tumble On November 26, 2021; Bitcoin Crashes To $53K

Crypto market as is well-known is extremely unstable and as soon as once more in commerce on November 26, 2021 as per Coinmarketcap has receded in market cap. The worldwide crypto market capitalization presently stands at $2.4 trillion, a decline of shut to eight p.c over the day gone by. Nonetheless, quantity on the earth of digital tokens has spurted by a pointy 16 p.c over the identical time to $166.77 billion.

In the meantime, cryptocurrencies that on the day gone by (Thursday) confirmed resilience and recovered some misplaced floor after India’s try at banning non-public cryptocurrencies, have been as soon as once more buying and selling with a reduce.

At round 11:00 pm IST, bitcoin-the largest crypto by market cap and quantity was down by shut to eight p.c at US$ 54,445, whereas it fell to $53,552 intra-day. Likewise Ethereum tumbled over the day gone by traded with a reduce of over 9 p.c. Tether nonetheless traded with a marginal reduce of simply 0.01 p.c, whereas USD Coin was up by a tad. Equally, Polkadot, Cardano and Dogecoin all have been down between 8-12 p.c.

The newest sharp crash on the crypto asset is owing to the brand new Covid variant present in South Africa which has roiled all main asset courses together with cryptocurrencies.

GoodReturns.in