cryptocurrency markets were trading mostly in the red in Wednesday's trade amid worries over bank industry turmoil in the US.
Bitcoin (BTC) fell 1.52% to $24,532 whereas Ethereum (ETH) was below the $1,700 level. BTC volume in the last 24 hours stood at approximately $21.38 billion, falling 21.37% in the last 24 hours. «Bitcoin is currently trading at the US$24,000 level, experiencing a slight price decline from the previous day as market participants consider liquidity issues.
Additionally, investors are analyzing the possibility of a European banking crisis resulting from concerns surrounding the often-embattled Credit Suisse,» Edul Patel, Co-founder and CEO at Mudrex, said.
Shivam Thakral, CEO of BuyUcoin, said, «The latest developments at Credit Suisse may spook the global markets and spoil the crypto party in the coming weeks.» Did you Know?SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms.Read more on economictimes.indiatimes.com