--- title: "Following FTX's bankruptcy, the value of bitcoin and ether continued to decline over the weekend." description: "In the past 24 hours, there has been a 4.42 percent decline in the market valuation of all cryptocurrencies." author: "Muskan Singh" published: 2022-11-18 canonical: https://www.mindstick.com/news/2381/following-ftx-s-bankruptcy-the-value-of-bitcoin-and-ether-continued-to-decline-over-the-weekend category: "cryptocurrency" tags: ["bitcoin", "cryptoexcchange", "cryptocurrency"] reading_time: 3 minutes --- # Following FTX's bankruptcy, the value of bitcoin and ether continued to decline over the weekend. ``` The price of Bitcoin has decreased by 22.5 percent since last Monday.On exchanges like CoinDCX, Ether is valued at more than $1,340.Solana still leads the group in losses. ``` According to study of the price of bitcoin, the price decline grew over the weekend as a result of the shocking demise of FTX over the [previous](https://yourviews.mindstick.com/view/81421/unlock-2-0-is-just-like-previous-corona-lockdowns) week. The value of the biggest [cryptocurrency](https://www.mindstick.com/articles/327746/effective-ways-to-earn-in-cryptocurrency) in the world has continued to decline as FTX eventually declared [bankruptcy](https://www.mindstick.com/blog/299494/3-common-alternatives-to-avoid-chapter-7-bankruptcy) just before the weekend started. Currently, the **price of Bitcoin has decreased by over 4.44 percent over the [past 24 hours](https://yourviews.mindstick.com/view/82903/why-did-bitcoin-lose-17-in-the-past-24-hours), hovering around $16,100 (roughly Rs. 12.99 lakh) on international exchanges,** while it is valued at $18,157 (roughly Rs. 14.65 lakh) on Indian exchanges like CoinDCX, down 4.15 percent from early Sunday. Bitcoin is currently valued at $16,099 on international exchanges including CoinMarketCap, Coinbase, and Binance (approximately Rs. 12.99 lakh), down 22.5 percent from where it was at the start of last week, according to CoinGecko data. Like BTC, Ether, the largest [smart contract](https://www.mindstick.com/articles/126246/smart-contract-development-in-usa) token, had a rough start to the week and proceeded to decline through the weekend. On international markets, Ether has decreased by about 5.87 percent over the last 24 hours. On Indian exchanges, ETH is currently valued at $1,341 (roughly Rs. 1.08 lakh), a decrease of more than 5.6 percent over the previous day. In what hasn't been the finest week to start, Dogecoin slipped off even further in the category of joke coins. Shiba Inu is currently worth $0.0000088 (about Rs. 0.000708), down 9.53 percent over the previous day, while Dogecoin is currently valued at $0.08 (around Rs. 6.59) after losing more than 10.7% of its value in the last 24 hours. Following the actions taken by FTX and Binance in the past week, the [**international crypto market**](https://www.mindstick.com/news/1778/due-to-company-s-overall-liquidity-tesla-had-sold-75-percent-of-its-bitcoin-holding) saw tumultuous conditions. Bitcoin's new yearly low was reached at $15,698 as a result of the events (roughly Rs. 12.68 lakh). Despite the US Fed raising [interest rates](https://yourviews.mindstick.com/story/3734/how-does-interest-rates-impact-the-economy), Bitcoin (BTC) has continued to perform admirably by maintaining the bar over $20,000 (approximately Rs. 16.16 lakh), but it has fallen dramatically in the middle of the week, according to Edul Patel, CEO and co-founder of the [**crypto investment**](https://www.mindstick.com/news/1702/grayscale-sues-sec-for-blocking-bitcoin) company Mudrex. The Solana liquidations have also resulted in a low price, which has affected investor mood. Most cryptocurrencies declined during the weekend as a result of the most recent [news](https://www.mindstick.com/developersection/news) on the theft of FTX. As a result of [persistent](https://www.mindstick.com/interview/22840/what-is-the-use-of-persistent-store-coordinator-in-core-data) selling, Bitcoin and Ether are still trading in the red. Back at $16,000 (approximately Rs. 12.92 lakh), BTC was trading. Bulls may be able to keep BTC above its present price, which might lead to a trend toward $17,000. (roughly Rs. 13.73 lakh). Otherwise, there is a **potential that BTC may soon reach the $15,500 level (approximately Rs. 12.52 lakh).** --- Original Source: https://www.mindstick.com/news/2381/following-ftx-s-bankruptcy-the-value-of-bitcoin-and-ether-continued-to-decline-over-the-weekend Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.