Bitcoin Crash to its lowest level – Big Fall in Crypto Market

Bitcoin Crash to its lowest level: According to some latest Crypto Market news, On Thursday around 12:15 p.m. , bitcoin crashed by 6.40% and reached the level of Rs. 34,71,537.

Its price in the global markets is running around $ 43,000. Bitcoin has reached its lowest level in the last 3 months.

Cryptocurrencies like Bitcoin and Ether are registering a major decline. The value of bitcoin in global markets has fallen by more than 7 percent in the last 24 hours.

At the same time, on the crypto exchange CoinSwitch and Kuber in India, this currency has declined by 6.17 percent in this period.

When Bitcoin Crash to its lowest level in 2021?

Let us tell you that before this, the bitcoin crash was registered in the market on December 21, 2021, after which bitcoin came to the level of Rs. 34.96 lakhs.

But before that on October 1, 2021, the value of the largest currency had fallen to the level of Rs. 32,16,694. In such a situation, bitcoin has come to its lowest level in three months.

Ether has also fallen by more than 9 percent in the last 24 hours.

In the last one week, this currency has seen a decline of 6.8 percent. On Thursday afternoon, on CoinSwitch, its price was down by 8.90% at the level of Rs. 2,78,637.

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This big fall has come when the US Federal Reserve has indicated that it may increase its interest rate prematurely.

In fact, in order to control inflation and bring more stability in the economy, the Federal Bank will make it costly for banks to borrow.

This news has also shocked the stock markets.

At the same time, Kazakhstan, which accounts for the highest 18 percent share of hash activity on the bitcoin network, has had an Internet shutdown, after which the hash rate of BTC fell by 13.4 percent, which also caused the value of bitcoin to fall.

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