Crypto Price Today: Bitcoin, Cardano And Polygon Plummet

Nidhish Shanker
October 28, 2022 Updated July 18, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
new york crypto news

Crypto Price Today Latest Updates: The crypto market is crashing as macroeconomic conditions become unfavorable again. After a strong few days of rally, the Bitcoin price is showing bearish sentiments once again. BTC fell over 2% in the last 24 hours and is trading at Rs. 16,69,987. It is still up by 6.4% for the last 7 days.

Ethereum is following the Bitcoin price lock-step as the second largest cryptocurrency plummets as well. ETH has fallen by over 3% and is trading at Rs, 1, 24, 028. Similar to BTC, ETH has been bullish all week and is up by 17% in the last 7 days.

Advertisement
Advertisement

How Are The Altcoins Performing

Throughout the crypto winter, the altcoin’s crypto price continues to take the major brunt. BNB has fallen over 1% in the last 24 hours. It is trading at Rs. 23620 and is up by 7% in the last 7 days. Cardano continues to be the most volatile crypto token. Cardano fell by over 5% in the last 24 hours and is priced at Rs. 31.78.

After a strong showing throughout the week, Polygon also falls to the bearish sentiment of the market. Polygon is trading at Rs. 74.67 after falling by 3% in the last 24 hours. However, $MATIC is up by over 11% in the last week and continues to score mass adoption.

Meme coins Dogecoin and Shiba Inu showed extremely poor performance yesterday. $DOGE fell by close to 4% in the last 24 hours and is trading at Rs. 6.14. Shiba Inu performed even worse and fell by over 8% in the last 24 hours. $SHIB is trading at Rs. 00087,

Advertisement
Advertisement

Why Is Crypto Price Down Today

The tech stock crash has made the macroeconomic market weak again. Meta and Amazon both plunged by as much as 20% after missing out on their earnings report. Experts believe that the current tech crisis is similar to the Lehman brother crash.

US GDP does show a strong economy. However, the Federal Reserve will almost certainly continue with its hawkish stance for an extended period.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.