On September 21, cryptocurrency prices remained in the red. The global cryptocurrency market cap stands at Rs 138.43 crores. This is a 9.8 percent decline over the previous day. However, the total crypto market volume for the last 24 hours has been Rs 11.28 crores. This is an 83.21 percent rise.
Bitcoin’s current price is Rs 34,24 11,116. Its dominance is currently 42.47 Percent, a decrease of 0.06 per day.
As fears over the potential spillover risk from Evergrande’s problems in China prompted investors to drop cryptocurrency prices, they plunged September 20.
The decline in cryptocurrency’s value comes at a moment when institutional interest has surged. Some investment banks have increased their forecasts for cryptocurrencies over the next few months.
John Marley, CEO, forexxtra, a London-based FX consultancy, stated that their fate seemed a bit tied to equities right now, and that the price action was incredibly similar.
El Salvador also bought 150 additional bitcoins, President Nayib Bukuele announced. This brings the Central American country’s total holdings of volatile cryptocurrency to 700 coins.
Bukele tweeted, “We just bought dip,” late September 19 in reference to the recent decline in bitcoin prices.
“We just bought the dip. 150 new coins! El Salvador now holds 700 coins.#Bitcoin”
A month ago, PayPal announced it would expand its cryptocurrency offering to the UK. Now, the company has declared that the launch is complete for all eligible PayPal account holders.
This is the first international expansion of PayPal’s cryptocurrency services outside the United States.
PayPal’s service in the UK will compete with established cryptocurrency exchanges like Coinbase Global Inc and fintech startups like Revolut.