Bitcoin Price Today Fell Near $48,000; Ether Down

The two announcements made by Paypal and Coinbase pulled up the Bitcoin around USD 50,000 mark this week

Bitcoin Price continued to fell for the second straight day on Thursday. The world’s largest crypotcurrency was trading at USD 48,373, up 0.43 percent at the time of this article.

 

The digital currency breached to USD 50,000 on Monday, that happened for the first time after the crash that happened since mid of May this year.

 

In April, the world biggest digital currency Bitcoin had breached and hit an all-time high at USD 65,000.

 

Bitcoin sharply fell from USD 65,000 in April to USD 28,800 in June, after a massive sell-off in June and July, triggered by Chinese ban on the corporates, financial companies, payment companies which were providing services related to cryptocurrency.

 

The two announcements made by Paypal and Coinbase pulled up the Bitcoin around USD 50,000 mark this week.

 

On the other hand, Ether, the rival currency of Bitcoin was trading at USD 3166 or down 0.86 percent earlier in the morning and was trading up 5.97 percent over the last week.

 

The market capital for Ether stood at USD 375.72 billion. And, Cardano occupied the third spot and was trading at USD 2.66, down 3.53 percent in the morning.

 

The total crypto market volume over the last 24 hours is USD 112.54 billion, which makes decrease of a 5.19 percent.

India Scanner News Network

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