Bitcoin inched further away from its recently achieved all-time high. With a dip of 2.33 percent, each token of the world's oldest cryptocurrency is trading at $63,350 (roughly Rs. 47 lakh) on Indian exchange CoinSwitch Kuber. Meanwhile, Bitcoin is trading at an even lower price of around $57,566 (roughly Rs. 42 lakh) on global exchanges like CoinMarketCap and Coinbase. The new values of Bitcoin have nosedived from its historic high of $68,327.99 (roughly Rs. 50.5 lakh), which it touched on November 9. For now, several other cryptocurrencies are also following Bitcoin on the loss trail.
Ether, which opened with a drop of 4.19 percent, is currently trading at $4,599 (roughly Rs. 3.4 lakh), as per the Gadgets 360's crypto price tracker. The Ethereum-based cryptocurrency had reached its latest all-time high of $4,870 (roughly Rs. 3.61 lakh) earlier this month and has since managed to maintain its prices around the same.
Only a very few number of cryptocurrencies managed to register gains today.
The global crypto sentiment, on the other hand, is witnessing significant shifts.
In an interview, Helen Wong, the CEO of OCBC—which is the second-largest bank of Southeast Asia – said the bank is also planning to set up a digital asset exchange. OCBC or the Oversea-Chinese Banking Corporation is based in Singapore.
In addition, the CEO of Australia's largest bank, Commonwealth Bank has predicted larger risks in not getting entering the digital asset industry timely and has signed partnerships with leading crypto players.
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