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Bitcoin declines

There is a tremendous rise in the Indian stock market. But on the other hand there has been a huge decline in bitcoin prices. Bitcoin broke around 2.12% and came to $ 115,000. According to data from the coin market cap, Bitcoin prices fell 2.12% to $ 115,559.05 on Monday, August 18 at 10:30 am. Investors have suffered a big shock in a single day.

Bitcoin's market cap is still close to $ 2.30 trillion and the trading volume stood at $ 55.73 billion in the last 24 hours. Meanwhile, the second largest token either fell 3% to $ 4,349. Bitcoin meanwhile has broken up to 7 percent from its alltime high. On August 14, Bitcoin touched a record $ 125,514. On the same day, Ether was also left just $ 100 from its highest level. Experts say that this boom came mostly due to more investment of digital asset treasury companies.

Why the decline is coming

Orbit Market co-founder Caroline Mauron said that since the new records have been made in the market, there has been continuous profit booking in the market. That is, people are selling by earning profits. Apart from this, the speed of Crypto Treasury Boom also looks a bit slow.

Streots boom

Here the atmosphere in the stock market is positive. The Asian stock market climbed before the meeting of Donald Trump and Ukraine's President Jelnsky. MSCI Asia Pacific Index rose 0.4%, with the highest contribution of China and Japan. However, South Korea's market was a bit weak. European share futures above 0.3% and S&P 500 futures above 0.1%. The Shanghai stock index is on the way to reach a high level of 10 years. The dollar index remained almost flat. The treasury yield declined slightly and 10 years of yields decreased to 4.30%. The price of gold increased by 0.4% due to a fall in crypto.

Investors are eyeing Trump-Jalensky's meeting

Investors are now focusing on the meeting of Trump and Jailonsky. Earlier, the summit with Putin was over without any new strict ban. Mizuho Corp Strategist Jordan Rochester says that there is no expectation of a big reaction in the market at the moment. Because, a lot depends on whether Ukraine assumes the terms of Russia or not. But hope is also a big strength and this is keeping the confidence of investors alive.