Moving along with traditional stock market, Bitcoin and the crypto market has experienced an immense fall in the value as investors. But these investor’s appetite for risk assets have made them move again in this growing fear of the economic downturn. On Tuesday the price of the largest cryptocurrency by market capitalisation had hit a high of $21,620 in the evening before slipping downwards to around $20,000 on early Wednesday. As things stand, BTC’s price is remaining at around the $20,300 across global exchange while Indian exchange CoinSwitch Kuber provides the values of Bitcoin at $21,482, down by 1.23 percent in the past 24 hours.

Well, if we take a look towards the global exchanges like CoinMarketCap, Coinbase and Binance the price of Bitcoin stands at $20,301. On the other hand, CoinGecko’s data has showed that the BTC’S value currently is at the stage of being called ‘red’ by 8.4 percent week-to-day.

Hence, Bitcoin continued to be remained at around $20,000 mark. Whereas Ether continued to slip lower with time, barely leaving any chance for getting high. During the publishing time, Ether is seemed to be valued at $1,160 on CoinSwitch Kuber, whereas the values on global exchanges witnessed the crypto’s value at $1,098. It is the place where the cryptocurrency has lost its 2.14 percent within the past 24 hours.

On comparing the values, we noticed that Ether slide over the past 24 hours and saw the cryptocurrency’s value to be remained in the red by nearly 10 percent when it was compared to the last week’s value, as per CoinGecko data.

Similarly, Memecoins Shiba Inu and Dogecoin have gone through this slippery fall but they balanced themselves through friction on this Tuesday. Dogecoin is currently seemed to be valued at $0.06 after gaining more than 5.83 percent in value over the last 24 hours. Even Shiba Inu is valued at $0.00001 up by 18 percent since yesterday.

According to the research team of CoinDCX, “Notwithstanding the recent rally, the lack of a significant improvement in prevailing macroeconomic conditions would definitely favour a continued need for a cautious approach which is towards investing — it includes equities and crypto. Until and less it becomes more evident that the global economy has pivoted back towards the recovery and growth, we would expect the investors to continue taking a defensive stance in the management of their portfolios.”