Bitcoin Update Today: 16th Jan (Crashes 10% In 1 Day)
After touching an all-time high of nearly $20,000 per bitcoin a few days ago, Bitcoin has been crashing.
Bitcoin Crash
Today, in just one day, it crashed 10% to settle around the $12,000 mark.
It is said that the crash is a result of South Korea deciding to clamp down on cryptocurrencies.
Bitcoin wasn’t the only coin to suffer. Ethereum, Ripple and nearly every other cryptocurrency suffered massive blows.
1. Bitcoin BTC Facts
The BTC price in INR is Rs. 774482.96
| Market Cap | $203,206,399,787 |
| Price | $12091 |
2. Ethereum ETH Facts
The ETH price in INR is Rs. 71612.93
| Market Cap | $108,536,801,436 |
| Price | $1118 |
3. Ripple XRP Facts
The XRP price in INR is Rs. 91.69
| Market Cap | $55,452,758,585 |
| Price | $1.4314 |
4. LiteCoin LTC Facts
The LTC price in INR is Rs. 12,983.85
| Market Cap | $11,106,625,210 |
| Price | $202.7 |
5. Stellar XLM Facts
The XLM price in INR is Rs. 39.91
| Market Cap | $8,913,481,422 |
| Price | $0.49821 |
6. IOTA Facts:
The IOTA price in INR is Rs. 192.43
| Market Cap | $8,350,181,490 |
| Price | $3.00417 |
Where to Invest?
Considering crypto a serious investment option is a very big risk. Invest in cryptocurrencies only if you are not afraid to lose the money invested.
As you can clearly see, crypto prices can go up and down very quickly.
Mutual funds are much better in terms of risk. Even the riskiest mutual funds are far less risky than crypto currencies.
Mutual Funds vs Crypto
Mutual funds are managed by highly skilled fund managers whose job is to invest your money.
If you want to take high risk, you should explore small-cap funds. They invest in smaller companies that show great potential for growth.
In the last year alone, some funds have returned in excess of 60% per annum. That is a very high return.
Here are 2 small cap funds worth your money.
L&T Emerging Businesses Fund
| Risk Level | HIGH |
| Minimum SIP Amount | ₹500 |
| 1 Year Returns | 60.06% |
| 3 Year Returns | 27.63% |
HDFC Small Cap Fund
| Risk Level | HIGH |
| Minimum SIP Amount | ₹500 |
| 1 Year Returns | 51.68% |
| 3 Year Returns | 21.3% |
Happy investing!