Bitcoin, Ethereum drops more than 5%, Meme Coins Shiba Inu, Dogecoin also in the red

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Amid various speculations related to the future of cryptocurrencies in India, the global crypto market cap fell 6.16% with a total market cap of $ 2.43 trillion as of 8 a.m. , while the total crypto market volume is $ 137.47 billion with an increase of 19.53 per cent over the past 24 hours, according to coinmarketcap.com, a global crypto exchange.

Bitcoin (BTC) was trading at $ 53,029.87 at 8 a.m. with a decline of 5.88% in the past 24 hours. Bitcoin prices have fallen 5.62% in the past seven days and the coin’s dominance in the crypto market is 41.19% with a decline of 0.14% in the past 24 hours.

The second largest coin by market cap Ethereum (ETH) fell 7.34% in the past 24 hours and was trading at $ 4,154.68. Binance Coin (BNB) price fell over 4.12% in the past 24 hours and was trading at $ 587.01. Tether (USDT), the fourth on the list by market cap, was trading at $ 1, down 0.02%. Solana (SOL) has fallen 9.99% in the past 24 hours and was at No. 5 on the coinmarketcap.com list; it was trading at a price of $ 204.62.

The biggest winner and loser

COXSWAP (COX) emerged as the biggest winner in the past 24 hours, registering an increase of 756.79%; it was trading at $ 0.00000009096 at 8 a.m. On the other hand, Degem (DGM) posted a maximum loss over the past 24 hours, falling 97.24% and was trading at $ 0.0006719.

Meme Coins

Like mainstream coins, all major coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Dogelon Mars (ELON) and Samoyedcoin (SAMO) have continued to decline over the past 24 hours, according to coinmarketcap.com.

Top meme coin by Dogecoin market value has fallen 4.53 percent in the past 24 hours and traded at $ 0.1973, while Shiba Inu has seen a 4.22 percent drop in the past 24 hours. hours and was trading at $ 0.00003968 at 8 a.m.

Dogelon Mars (ELON) fell 7.08% in the last 24 hours and traded at $ 0.000001392, while Samoyedcoin (SAMO) traded at $ 0.06268 and registered a decline of 0, 94% in the past 24 hours, according to coinmarketcap.com.

Meanwhile, the Euro Shiba Inu jumped 72.43% in the past 24 hours and was trading at $ 0.0000000003283 at 8 a.m. according to coinmarketcap.com.

Last update

On December 2, former law professor and U.S. Democratic Party Senator Elizabeth Warren shared a letter she sent to New York-based mining company Greenidge Generation Holdings CEO Jeff Kirt with Bloomberg. The letter raised environmental concerns.

“Given the extraordinarily high energy consumption and carbon emissions associated with mining bitcoin, the mining operations of Greenidge and other factories raise concerns about their impact on the global environment, on ecosystems. premises and on consumers’ electricity costs, ”explains Warren’s letter.

“Cryptocurrency mining has a huge environmental cost and increases energy prices for consumers. Bitcoin alone consumes as much energy as Washington State. I am using the Bitcoin company [Greenidge Generation] to provide information on its operations and its environmental impact, ”she added.

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