Crypto Market Crash: There has been a severe decline in the crypto market for the last few days. Lakhs of crores of rupees of investors have been lost in the crypto market. According to various websites providing information about crypto prices, the prices of Bitcoin, the world’s largest crypto currency, are also continuously falling.
Talking about statistics, the value of the crypto market has reduced by about 3 trillion dollars in the month of October. According to coinmarketcap, the value of the crypto market has dropped to Rs 2.88 trillion. This fall in the market is about Rs 100 lakh crore in Indian rupees. Let us know what is the reason for the fall in crypto prices….
Why is it declining?
The reason behind this decline in the crypto market is said to be the ongoing uncertainty at the global level and the possibility of the US government cutting interest rates by the Federal Reserve. Besides, the Fear and Grid Index has also reached 11.
Which simply means that there is an atmosphere of fear among investors. Also investors are not showing confidence in the market. At the same time, Owen Gunden, one of the oldest and biggest investors in Bitcoin, has sold 11,000 of his Bitcoins since October 21, 2025. Whose total cost was around Rs 1.3 lakh crore. This selling has put more pressure on the market.
Huge fall in the price of Bitcoin
Talking about the famous crypto currency Bitcoin, there has been an earthquake in its prices for the last few days. In the last 7 days, its price has fallen by 12.54 percent, while in one month it has fallen by about 22.62 percent.
Recently Bitcoin had fallen below its seven-month record price of $90,000. Since then it is continuously trading below 90 thousand dollars. Investors have suffered huge losses due to this ongoing decline in Bitcoin.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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