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Bitcoin, Ethereum Down More Than 7%

Bitcoin has witnessed a fall of around 7.21 per cent in the last 24 hours, while ETH has plunged by around 7.98 per cent over the same period.

Bitcoin, Ethereum Down More Than 7%
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The prices of top cryptocurrencies바카라 웹사이트fell on바카라 웹사이트November 16. Prices of the world라이브 바카라 biggest cryptocurrency Bitcoin (BTC) fell from $60,737.05, while the market value of Ethereum (ETH), the second-biggest cryptocurrency, fell from $4,318.50 at the time of filing the report at 9:30 am,바카라 웹사이트according to data from cryptocurrency exchange Coinmarketcap.com.

Bitcoin has witnessed a fall of around 7.21 per cent in the last 24 hours, while ETH has plunged by around 7.98 per cent over the same period.

Binance Coin (BNB)바카라 웹사이트came third바카라 웹사이트and was trading at $612.38. It witnessed 6.34 per cent rise in the last 24 hours. Tether (USDT), at the fourth position, was trading at $1.00, at 9:30 am, with 0.022 per cent rise in the last 24 hours, according to Coinmarketcap.com. Solana (SOL) and Cardano (ADA)바카라 웹사이트remained바카라 웹사이트at the fifth and sixth positions, respectively.

"Solana-focused funds gained $9.8 million and seem to be getting stronger. These inflows are likely a result of a rise in the positive investor sentiment for ‘world computer’ coins, including Polkadot (DOT) and Ripple's XRP," says Gaurav Dahake, CEO바카라 웹사이트and founder,바카라 웹사이트Bitbns, a cryptocurrency platform.

Even though Ether fell 7.98 per cent over the last 24 hours, investments in funds focusing on Ethereum totaled $17 million, with the total AUM surpassing $21 billion for the first time, according to Bitbns.

Meme Coins

Meme coin Shiba Inu (SHIB) witnessed a setback as prices fell 4.48 per cent in the last 24 hours, while Dogecoin (DOGE) has recorded a 5.51 per cent fall in the last 24 hours.

Shiba Inu was trading at $0.00005008 and Dogecoin at $0.2475 at 9:30 am, according to data from Coinmarketcap.com.

Latest Updates

Expressing concern over the security of investors’ money in cryptocurrencies investments and transactions, the government on November 15 indicated that it may not ban the digital currency but may bring in a regulation soon.

While talking to CNBC-TV18바카라 웹사이트post the meeting,바카라 웹사이트BJP leader바카라 웹사이트Jayant Sinha, who chaired the meeting,바카라 웹사이트said, "It's important to balance innovation and regulation.” Sinha highlighted the need to바카라 웹사이트ensure바카라 웹사이트investor바카라 웹사이트protection, maintain바카라 웹사이트fiscal바카라 웹사이트stability, ensure바카라 웹사이트adherence to FEMA and바카라 웹사이트ensure cryptos aren't used for illicit finances.바카라 웹사이트

Further,바카라 웹사이트VanEck Bitcoin Strategy ETF is expected to be launched on November 16. "The Taproot upgrade failed to bring about any significant movements in the market,바카라 웹사이트but바카라 웹사이트the launch of VanEck Bitcoin Strategy ETF,바카라 웹사이트the first bitcoin futures exchange-traded fund to go live (after the debut of ProShares and Valkyrie bitcoin futures ETFs),바카라 웹사이트might serve as a catalyst," says바카라 웹사이트Dahake.

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