Bitcoin fell to a one-week low, weighed down by widespread investor apprehension ahead of an impending Federal Reserve interest-rate hike and more regulatory scrutiny of the cryptocurrency sector.
Bitcoin’s value has dropped by 0.01 percent in the previous 24 hours, with its price presently hovering around $21,080 (about Rs. 16.9 lakh) on worldwide exchanges, while Indian market CoinSwitch Kuber values BTC at $22,320 (roughly Rs. 17.86 lakh), a 1.33 percent drop in the last 24 hours.
Bitcoin is presently trading at $21,084 (approximately Rs. 16.87 lakh) on worldwide exchanges such as CoinMarketCap, Coinbase, and Binance, while CoinGecko statistics reveals that BTC’s value is down 9.6 percent week on week.
Ether, on the other hand, hasn’t had the best of weeks. At the time of publication, Ether is valued at $1,518 (about Rs. 1.21 lakh) on CoinSwitch Kuber, while the cryptocurrency is valued at $1,429 (approximately Rs. 1.14 lakh) on worldwide exchanges, where it has risen by only 0.18 percent in the last 24 hours.
According to CoinGecko data, Ether’s poor performance this week has pushed the cryptocurrency’s value into the red by about 7% when compared to its value last Wednesday.
