Bitcoin and Ether Experience Substantial Price Drops on Wednesday

Bitcoin on Wednesday, September 4 continued to stay substantially under the mark of $60,000 (roughly Rs. 50.3 lakh) after seeing a price decline earlier this week. On both Indian and international exchanges, Bitcoin recorded price drops of around four percent on Wednesday. With this, the asset’s price on global exchanges has reached $56,560 (roughly Rs. 47.4 lakh), according to CoinMarketCap. On Indian exchanges, meanwhile, BTC is trading at $60,713 (roughly Rs. 50.9 lakh).

Ether also reflected dips in its value on Wednesday. The crypto asset registered a loss of over 5.76 percent on Indian exchanges, showed the crypto price tracker by Gadgets360. On foreign platforms, meanwhile, Ether is trading at $2,375 (roughly Rs. 1.99 lakh) after incurring a loss of 5.68 percent.

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