Check Today’s Cryptocurrency Prices in India, March 3: Global Market Cap, Bitcoin BTC, Ethereum, DogeCoin, Solana, Litecoin, Silvergate, Threshold – Gainers and Losers
Bitcoin and Ethereum, two of the most popular cryptocurrencies, both fell below the $23,000 and $1,600 marks, respectively, due to the fallout at Silvergate, the US bank that is reviewing whether it can remain viable. Other cryptocurrencies also registered losses, including Dogecoin, Ripple, Litecoin, and Solana. The DYDX token experienced the biggest 24-hour dip at over 16 percent. According to CoinMarketCap, the global crypto market was valued at $1.02 trillion, showing a 24-hour loss of 4.45 percent. On that note, India’s BTC price standing at about Rs 20.08 lakhs saw a drop of 4.94 percent and Ethereum’s price in the country stood at around Rs 1.39 lakhs, showing a dip of 5.01 percent. Mudrex co-founder and CEO Edul Patel attributes the slump to uncertainties surrounding the accessibility of banking services for crypto companies in the US and concerns regarding possible interest rate increases and inflation. Meanwhile, Sathvik Vishwanath, CEO and co-founder of Unocoin, says that, technically, there is a likelihood of a potential decline towards the $22,150 support level in the case of Bitcoin.