Ether price also slipped slightly one percent this morning. The Ethereum blockchain-based cryptocurrency is currently trading at Rs. 2,36,255 (roughly $3,179). One day ago on September 30, had opened with a gain of 3.8 percent, as per the Gadgets 360 crypto price tracker.
Cardano, Ripple, and Dogecoin are among other cryptocurrencies to record minor drops.
There are, as of now, only a handful of popular cryptocurrencies that have opened with gains.
Litecoin, Bitcoin Cash, and Cosmos Price grew in values by a slight margin.
Earlier this week, industry analysts had said that following China’s crackdown on cryptocurrencies, market instability was only natural. Experts were however hopeful that cryptocurrencies will recover quickly.
As per a research report by Fortune Business Insights, the global cryptocurrency market is projected to reach $1,758 million (approximately Rs. 13,050 crore) by 2027.