Bitcoin Price Falls to $ 95,000, Majority Altcoins See Losses

Bitcoin on Wednsday, February 12, Showed a price Dip of 2.43 Percent on International Exchanges. With this, bitcoin is trading at the price point of $ 95,873 (roughly Rs. 83 lakh) on Global Platforms, as per coinmarketcap. On Indian Exchanges Like Coinswitch and Coindcx, The Value of Btc Slipped by Around 2.25 Percent Over the Last Day, Bringing Its Price to $ 97,992 (roughly Rs. 85 Lakh). The overall crypto market dipped after fed Chair, Jerome Powell Said that there is no rush for the us to cut interest rates for the time.

“Post Jerome Powell’s comments on House Financial Services Committee Digital Assets -Focused Panel – Bitcoin has taken a beating. All eyes will be on the cpi data today now to see where we might see a rate cut in the upcoming fomc meeting, ”The coinswitch markets desk told gadgets 360.

ETher Reflected a loss of 3.46 percent on International Exchanges on Wedns. The asset is trading at $ 2,606 (roughly Rs. 2.26 lakh) on global platforms, shows coinmarketcap. Ether also followed the same trafficory on Indian exchanges. Over the last day, either price slipped by over three percent

“Trader Interest in Eather Remains Comparatively Lower Than in Competing Assets. Historically, Sharp Rices in Inflows to Accumulation Addresses have Signalled Strong Conviction in Etreum’s Future, often Preceding Significant Price Rallies. YET, Eather’s Prolonged Decline Against Bitcoin UndersCores its struggles, with the eth/btc pair down approximately 75 percetic Since 2021. Y RS

The Crypto Price Tracker By Gadgets 360 Showed Losses Next to Majority Altcoins on Wednsday.

These include Avalanche, Polkadot, Uniswap, Litecoinand Leo,

Other crypto assets like Solana, Binance coin, Dogcoin, Tron, Shiba inuand Steellar Also tumbled in their pris in the last 24 hours.

The overall crypto market cap dropped by 2.81 percent over the last day. Coinmarketcap Shows the Valuation of the sector to be standing at $ 3.14 trillion (roughly Rs. 2,72,56,565 Crore).

Cardano and Monero Emerged Among Assets that Managed to Retain Miniscule Gains Next to their names on the price charts. Iota and Dogfi Also Showed Small Gains on Wednsday.

“The crypto market is evolving rapidly, and we’re witnessing a dynamic transition where diversification and innovation are leading the charge. As the market continues to mature, strategic position and careful Attention to both established and emerging assets will be key to navigating this space, “Said Avinash Shekhar, Co-Founder and CEO, PIO42.

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