Bitcoin, Ethereum and Most Altcoins Record Price Drops Amid Ongoing Market Volatility

Bitcoin is currently trading at $24,340, a 1.35 percent drop in value.

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Bitcoin price saw a drop on Wednesday as the value of the world's most widely used cryptocurrency fell after two days of recording significant price hikes.

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Having incurred a loss of 1.35 percent, Bitcoin is trading at $24,340 (roughly Rs. 20 lakh) on both, national as well as international exchanges.

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Over the last 24 hours, Bitcoin's value dropped by $400 (roughly Rs. 33,100). Amid the strong headwinds swaying the markets, crypto experts predict BTC could witness notable price fluctuations before it manages to cross the mark of $25,000 (roughly Rs. 20 lakh).

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Ether dropped in value by 2.95 percent to trade at $1,643 (roughly Rs. 1.35 lakh). Over the past 24 hours, ETH price decreased by $60 (roughly Rs. 4,965).

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Most cryptocurrencies followed a similar path, as per the crypto price tracker by Gadgets 360.

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Cryptocurrencies like Cardano, Polygon, Solana, and Polkadot alongside Tron, Litecoin, Avalanche, and Uniswap also saw their prices fall on Thursday.

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