Why price of Cryptocurrency market is down Today?

WHY CRYPTOCURRENCY IS IN BEARISH TREND TODAY

As per according to Today's global Crypto market, there is Bearish market seen in Crypto currency. The Global market cap of Crypto market is down up to 7%. The price of Cryptocurrency and bitcoin Is down Today.

The price of Bitcoin trading below $45000

The price of Ethereum is down below $3500.

Many popular altcoins are facing bearish trend.

All the Cryptocurrency coins other than Bitcoin are altcoins.

Most of the Alt coins follows Bitcoin. If the price of Bitcoin alter and show Bearish or bullish trend then the price of other Cryptocurrency alters.

As per according to the bearish hindrance of the Bitcoin price Today, all the other altcoins get affected by this.

Bitcoin Price:

The current price of Bitcoin is $43117 which is 7% down from its total market cap.

Ethereum Price:

The price of Ethereum is $3477, that is down up to 9% with in last 24 hours.

Today we can see huge dips and bearish trend in the Cryptocurrency market.

Solana Price:

The next popular cryptocurrency solana with its 24 hour High price of $171 is also facing bearish trend and trading currently at $150. The market cap of solana is down upto 11%.

Cardano (ADA) Price:

The current price of ADA today is $1.23 and cardano is down upto 8.36% in last 24 hours its current ranking is 7.

Terra (Luna) price:

The price of Luna is is $77 and is down upto 9% in last 24 hour volume.

Meme coins DOGE and SHIBA INU Price:

The price of famous meme Cryptocurrency coins is also seen in bearish trend, as the price of dogecoin is 7% down in last 24 hour. The DOGE COIN Price is - $0.1569

volume and the price of Shiba inu coin as 8% bearish trend of its last 24 hour volume. The price of Shiba inu is - $0.00002995.

All the other Cryptocurrency coins also facing Bearish trend.

Why Bitcoin price is down :-

Bitcoin mining stopped due to shutdown of internet in Kazakhstan.

Kazakhstan in second largest Bitcoin mining as per reports, the Government of that country shuts down internet and thus it impacts BITCOIN mining, due to the Kazakhstan protests.

This may be the reason that Bitcoin price is down and in bearish trend.

There is huge ups and downs are seen in cryptocurrency market.

So don't panic and invest according to your knowledge, research and your experience.

Check Cryptocurrency price

Coinmarketcap

Cryptocurrency Market will gets stable soon!!

Writer- Simran Bhardwaj.