Bitcoin and Dogecoin prices fall again, but Ethereum holds

The week started quite well for bitcoin, as the most famous cryptocurrency was trading at $39,300 (roughly Rs. After this, the price of bitcoin saw a further rise on Wednesday, after which it reached $ 40,667 (about Rs 30.2 lakh). This price jump was certainly a sigh of relief for small retailers and investors after a long time. But, now with the end of the week, it has once again seen a decline.

According to the data of Coindesk, the price of bitcoin in India was at $39,000 (about Rs 29 lakh) at the time of writing this news. This was a drop of 4% from this week’s all-time high. At the same time, the coin Ether, based on the Ethereum blockchain, was at its all-time high of three weeks and was trading at $2,344 (about Rs 1.74 lakh) at the time of writing this news.

Moreover, after a long time on Monday, Dogecoin was trading at $0.23 (approximately Rs.17) and now with the end of the week, its price (Dogecoin price in India) has come to $0.20 (approximately Rs.14.8). Went.

Last week, cryptocurrency enthusiast and Tesla boss Elon Musk said the carmaker may resume accepting bitcoin as a payment form after due diligence on its energy use. It suspended such payments in May, prompting a swift crypto selloff.

Twitter boss Jack Dorsey also said last week that the digital currency is a “big part” of the social media firm’s future. On Sunday, London’s City AM newspaper reported, citing an unnamed “insider,” that Amazon wants to accept bitcoin payments by the end of the year.