Inflation concerns continue to drag crypto prices

Feb 14, 2022 By: BI India Bureau Credit: Canva

Crypto and equity indices are both in the red

Meanwhile, the US dollar and gold have been rising in value

Global inflation concerns remain

An interest rate hike by the US Fed seems inevitable, according to analysts Credit: Canva

As things stand, Bitcoin is priced at ₹31.6 lakh

Its change in price is mostly flat in the last 24 hours Credit: Canva

Ethereum is trading at ₹2.15 lakh

Its price has taken a hit a 2.38 percent since yesterday Credit: Canva

Binance Coin’s rate is at ₹29,714

It has dipped by 2.56 percent over the course of the day Credit: Canva

Cardano’s value stands at ₹77.73

It’s down by 2.72 percent since yesterday Credit: Canva

Meanwhile, Solana is priced at ₹6,984

It has taken a hit of 3.5 percent in the last 24 hours Credit: Canva

Terra’s LUNA token is trading at ₹3,984

The cryptocurrency is down by 0.41 percent over the course of the day Credit: Canva

Dogecoin is priced at ₹10.94

Its up by 0.27 percent since yesterday Credit: Canva

Polkadot’s value stands at ₹1,379

Its taken a hit of 3.77 percent in the last 24 hours Credit: Canva

Avalanche is trading at ₹5,833

It’s down by 6.14 percent since yesterday Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of February 14, 9:00 am IST and may change over the course of the day. Credit: Canva

Avalanche bucks market dip with Bitcoin, Ethereum and others in the dumps