New Delhi, Crypto market is once again going through a phase of heavy volatility. According to recent data, the price of Ethereum (ETH) has fallen 31% from today’s intra-day high, and if compared with the all-time high, a fall of up to 56% has been seen.
How much fall has Bitcoin and Ethereum seen?
Ethereum (ETH): On 16 November 2021, Ethereum was at an all-time high of ₹ 4,26,031.53, which has now come down to ₹ 1,88,057.47.
Bitcoin (BTC): Almost two weeks ago, Bitcoin was at a record level of ₹ 95,01,864.27, which has now fallen 16.38% to ₹ 79,45,548.24.
Main reasons for the fall:
1. Impact of US Trade Policies – Global markets, including crypto, have come under pressure after Donald Trump’s trade tariff announcements.
2. Market Sentiment and Profit Booking – Bitcoin and Ethereum were at recent highs, which led to heavy profit booking.
3. Regulatory Pressure – Investors have become cautious due to tightening of crypto regulations in the US and Europe.
Bitcoin’s Dominance Maintained
Despite the huge fall, Bitcoin’s market dominance is still strong. Experts believe this is a reminder for crypto investors that the crypto market is highly volatile and risky, with short-term fluctuations common.
Will you buy this dip or wait for further fall?