Advertisement
Monday, Jan 17, 2022
Outlook.com
Outlook.com

Bitcoin, Ethereum prices continue to fall, Meme Coins Shiba Inu, Dogecoin Also In The Red

Bitcoin (BTC) again falls to $47,000 after morning comeback, while the government of India in parliament made it clear that they have not to plan to boost cryptocurrency. Dogelon Mars (ELON) has also fallen by 20.2 per cent in the last 24 hours.

Bitcoin, Ethereum prices continue to fall, Meme Coins Shiba Inu, Dogecoin Also In The Red
Bitcoin, Ethereum prices continue to fall, Meme Coins Shiba Inu, Dogecoin Also In The Red
outlookindia.com
2021-12-06T18:43:51+05:30

Bitcoin plunged to $47,000 after sorting of recovery on Monday morning. Bitcoin (BTC) saw a fall of 4.24 per cent in the last 24 hours and was trading at $47,479.26 at 5 pm, according to data from global crypto exchange coinmarketcap.com. Bitcoin’s dominance in the crypto market is currently 41.23 per cent with an increase of 1.08 per cent over the day.

The second largest coin by market capitalisation, Ethereum (ETH) has also witnessed a fall of 6.01 per cent in the last 24 hours and was trading at $3,958.30, while the third top coin by market cap Binance Coin (BNB) was still in red, with a fall of 5.71 per cent in the last 24 hours and was trading at $543.36 at 5 pm. Tether (USDT), the fourth in the list by market cap, was trading at $1, witnessing an increase of 0.09 per cent. Like other coins, Solana (SOL) recovered from the huge fall and was trading at $179.14 with fall of 9.87 per cent in the last 24 hours and was at the fifth position in the coinmarketcap list. 

Meme Coins

Tesla and SpaceX CEO Elon Musk came out in support of Dogecoin (DOGE) again on Twitter. However, his remark “Dooooge” in reply to an article published on CoinDesk did not alter the price of Dogecoin majorly. It witnessed a fall of 8.17 per cent in the last 24 hours and was trading at $0.1608 at 5 pm, according to coinmarketcap.com.

Rival Shiba Inu (SHIB) lost 11.27 per cent in the last 24 hours and was trading at $0.00003318 at 5 pm. Meanwhile, Dogelon Mars (ELON) has fallen by 20.2 per cent in the last 24 hours and was trading at $0.0000009681, while Hoge Finance (HOGE) was trading at $0.0002328 and recorded a fall of 22.96 per cent in the last 24 hours.

Latest Updates

Minister of State Finance Pankaj Chaudhary in reply in Loksabha mentioned that a Bill on Cryptocurrency and Regulation of Official Digital Currency is expected to be taken up during the seventh session of the seventeenth Lok Sabha. In the bill, the government plans to ban all private cryptocurrencies, "with certain exceptions." It is also seeking to build a framework for the adoption of a central bank digital currency (CBDC). A CBDC is introduced by central banks, as opposed to private players" he said.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement