Altcoin Market in Chaos as Bitcoin, Ethereum Going Sideways

We have been analyzing the cryptocurrency market for a long time and in the last few days, the market started to grow. Many traders were believing that it could be a better chance for them to invest. But it seems that the market has been started to dropped down once again. During writing this article, we can check out that the global crypto market cap is $1.68 trillion and it was decreased by 3.16% over the last day. Another side, the total crypto market volume is $57.18 billion which makes a 1.08% decrease in the last 24 hours.

After analyzing this, the market was back in the red on Tuesday. The market is totally shrinking once again and many are expecting that the market will go more in the upcoming days. Most of the investors have stopped themselves from traders for a few days. So, move to the market and the total volume in Defi is currently $9.00 billion with 15.74% of the total crypto market 24-hours volume. Along with this, the volume of all stable coins is now estimated at $44.62 billion which is 78.02% of the total crypto market 24-hour volume. Here are several coins of the market in the list of topmost cryptocurrencies.

Bitcoin, Ethereum, BNB, Solana, Polkadot, and many more coins always stay in the eyes of the traders. Coinmarketcap is showing that there was a dip in both, Bitcoin (BTC) and Ethereum (ETH). If we talk about Bitcoin (BTC), the coin is trading at $37,145 with a trading volume of $16,439,006,481.93 and the price was dropped down by $747.19, 1.97% in the last 24 hours. Currently, the BTC’s price in INR is Rs. 27,77,284.00 which was also dropped by 2.36% in the last 24 hours.

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Another side, Ethereum is trading at $2,541 USD with a trading volume of $10,414,930,346.77 USD and the price was changed by 2.67% in the last 24 hours. While the ETH price in INR is reported at Rs. 2,08,876 during writing this article. There was a big change in the market which also affected the coins. There are several movements going on in the market.

The Cyberspace Administration of China (CAC) announced the commencement of in-house efforts to accelerate blockchain development and innovation across 15 zones and 164 entities. It has an aim for the large-scale implementation of blockchain technology across businesses and government organizations in China.

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Several government agencies including CAC directed the regulatory authorities are planning to promote the intensive and balanced layout of blockchain technology infrastructure in the region. Another side, Fidelity’s application for the Bitcoin ETF has been rejected by the United States Securities and Exchange Commission. Here are the positions and prices of the coins.