'Rough 24 hours': Reactions, memes on Twitter as crypto crashes

In terms of rupees, Bitcoin fell over seven percent to trade at Rs 29,63,463, while Ethereum fell nine percent to Rs 2,11,277.4. Meme coin Dogecoin reached its lowest point in more than nine months.

  MONEYCONTROL NEWS

JANUARY 22, 2022 / 05:54 PM IST 

The global cryptocurrency market capitalisation dropped from $1.88 trillion to $ 1.7 trillion over a period of 24 hours.

Social media was replete with memes and reactions on January 22 about the crash in cryptocurrency markets. The global cryptocurrency market capitalisation dropped from $1.88 trillion to $ 1.7 trillion over a period of 24 hours.

In terms of rupees, Bitcoin fell over seven percent to trade at Rs 29,63,463, while Ethereum fell nine percent to Rs 2,11,277.4.

Meme coin Dogecoin reached its lowest point in more than nine months. Dogecoin has now dropped 18 percent over the last seven days, according to CoinGecko.

"It has been a rough 24 hours for Bitcoin which is below US $36,000 now," wrote a Twitter user named Shaun Richards. 

Another person said: "I just bought the dip but it keeps dipping."