Chaos in cryptocurrencies: ડો 3000 fluctuations in Bitcoin

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Mumbai, Ta. Thursday, November 26, 2020

The prices of cryptocurrencies, including Bitcoin, have seen a sharp rise in the last twenty-four hours. The debate over whether the boom in cryptocurrencies could be rekindled was sparked by the crash. The price of Bitcoin was seen at ઉપ 16 per unit and ૬૫ 1213 per unit in 24 hours.

Bitcoin prices fluctuated by ૩ 2,000 in 24 hours. Prices were seen at a three-month low. Late in the evening, the price was quoted at ૭૨૭૫ 15.

Rumors that the US was preparing to crack down on cryptocurrencies were rife.

Along with Bitcoin, other cryptocurrencies such as Ether, Stellar, XRP also saw a sharp decline on various exchanges.

The crash comes after the current year saw a 150 per cent rise in bitcoin prices. It has seen a sharp decline in a single day after prices rose more than 50 per cent in November.

After hitting an all-time high of ૯૬૬૬ 15 in 2016, Bitcoin was again eroded.

After a gap of three years, Bitcoin has once again crossed the 15,000 per unit mark this week.

The cryptocurrency was seeing an improvement in the outgoing prices of financial institutions and was expected to hit an all-time high soon, but on Thursday it was trading at a low of ૭ 15,000.

Investors are taking advantage of the fact that most of the world's central banks have released financial stimulus during the Corona era, which is seen as a bet in this asset class.

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