In the last 24 hours cryptocurrency market, especially in India, saw a massive profit booking. Most cryptocurrencies lost value up to 6 percent.
ETH was selling at Rs. 2,32,559 per coin, dipped 3.33 per cent in last 24 hours. Another crypto major Dogecoin is selling at ₹11.38, near 0.69 or 5.75 per cent lower from its price 24 hours ago. Dogecoin market capital is currently at ₹1.7 trillion while its current trade volume is ₹541.3 billion.
After Elon Musk’s announcement of buying Twitter, a crypto token named “ELON BUYS TWITTER” surged 10,500% alongside SHIB and others. At this point of time, the major profit booking spree took place.
At the time of writing this, almost all cryptocurrencies are in the Red.