Tag: dogecoin

Crypto Price Today: Bitcoin, Ether Continue to Trade Flat, Most Cryptocurrencies Record Losses

Bitcoin on Thursday, January 18 clocked a minor dip of 0.87 percent. The oldest, most expensive cryptocurrency was trading at the price point of $42,544 (roughly Rs. 35.3 lakh) at the time of writing. In the last 24 hours, the value of Bitcoin has reduced by $302 (roughly Rs. 25,115). Bitcoin’s price has mostly remained flat since ETF approval with this fresh decline in the last 24 hours as the market continues to get accustomed to funds related to Bitcoin.

Ether recorded a loss of 2.03 percent on Thursday. With this, the value of Ether has hit $2,522 (roughly Rs. 2.09 lakh).

“Bitcoin and Ether witnessing marginal fluctuation from the previous day. If Bitcoin closes above $43,000 (roughly Rs. 35.7 lakh) this week, then we may witness a healthy surge in its price in the coming weeks. The Bitcoin ETF inflows are nearing the billion-dollar mark, which according to the experts, qualifies for a successful listing. We can expect a less volatile Bitcoin after the listing of ETFs as it’s a regulated financial product now,” Shivam Thakral, CEO of BuyUcoin told Gadgets360.

Majority altcoins are reflecting losses on Gadgets360’s crypto price chart on Thursday. These include Tether, Solana, Ripple, Uniswap, Monero, and Chainlink.

Cardano, Avalanche, Dogecoin, Tron, and Polkadot are other altcoins that registered price reductions on Thursday.

“The US inflation data is falling back, and labour market indicators are in a position to enable the Fed to start slashing interest rates soon. This has been a cause of hope among market analysts who predict a favourable run for Crypto in the months following the rate cut, most likely in March. Liquidity issues in the market will also be reduced significantly due to this,” Rajagopal Menon, Vice President, WazirX told Gadgets360.

The overall market valuation dipped by 0.79 percent in the last 24 hours. Its current position stands at $1.68 trillion (roughly Rs. 1,39,70,787 crore), as per CoinMarketCap.

At present, the altcoins showing profits include USD Coin, Leo, Near Protocol, and Iota.

“From a technical perspective, there’s a notable bullish indicator with the 50-week simple moving average (SMA) crossing above the 200-week SMA, a first in recorded history. However, upon closer examination, the previous weekly close appears bearish, contributing to mixed signals,” the CoinDCX reearch team told Gadgets360.

In another news, while stablecoin issuer Circle had recently filed for an IPO in the US, it has now tied up with the biggest oracle provider Chainlink to also allow people to do easy and convenient cross chain swaps.

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Crypto Price Today: Bitcoin, Ether Reel-In Minor Profits; Losses Hit Most Altcoins

Bitcoin on Wednesday, January 17 minted a small gain of 0.07 percent. At the time of writing, the oldest and most expensive crypto asset was trading at $42,846 (roughly Rs. 35.6 lakh) as shown by Gadgets360’s crypto price tracker. In the last 24 hours, Bitcoin has managed to spike in price by $221 (roughly Rs. 18,366). Market experts believe as long as Bitcoin manages to stay above the mark of $42,000 (roughly Rs. 34.9 lakh), it has a scope of rising price-wise, gradually.

Ether tailed behind BTC on the profit-making side of the crypto chart. With a minor gain of 1.64 percent, ETH is presently trading at $2,564 (roughly Rs. 2.13 lakh). With a rise of $2 (roughly Rs. 166), Ether price remains almost unchanged in the last 24 hours.

“The last 24 hours witnessed quite a bit of profit booking from traders as Bitcoin almost fell below $42,000 (roughly Rs. 34.9 lakh). However, this steep decline was immediately followed by a bullish phase, taking the price as far as $43,500 (roughly Rs. 36.15 lakh) before consolidating just below the $43,000 (roughly Rs. 35.7 lakh) mark. As it stands, Bitcoin’s next resistance level stands at $43,918 (roughly Rs. 36.4 lakh), with the previous support level at $42,510 (roughly Rs. 35.3 lakh). Ethereum, on the other hand, has seen some steady gains, although its trading volume in the past 24 hours has soared by 30 percent. The overall market sentiment continues to lean towards greed,” Edul Patel CEO of Mudrex told Gadgets360.

Tether, Solana, Ripple, USD Coin, Uniswap, Monero, and Chainlink joined BTC and ETH on the profit-making side of the crypto chart.

“Altcoins are exhibiting a mixed performance, with tokens associated with ETH showcasing strength, while others experience a decline,” CoinDCX told Gadgets360.

Among loss-making cryptocurrencies, Cardano, Avalanche, Dogecoin, Tron, and Polkadot marked their names.

Polygon, Shiba Inu, Litecoin, Bitcoin Cash, Cosmos, and Leo are also trading in losses on Wednesday.

The overall crypto market dipped by 0.44 percent in the last 24 hours. Its currently sitting at $1.69 trillion (roughly Rs. 1,40,46,544 crore), as per CoinMarketCap.

“The crypto market remained in a rather tight range. With global crypto narrative heating up, the Hong Kong Virtual asset Consortium has removed Ripple from its top five crypto indexes and replaced it with Solana – which is up by five percent in the last 24 hours as it manages to catch some momentum again,” the CoinSwitch Markets Desk told Gadgets360.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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Crypto Price Today: Bitcoin, Ether Retain Profits Despite Most Altcoins Showing Losses: Details

Bitcoin on Tuesday, January 16 reflected a minor gain of 0.36 percent. The asset, at the time of writing, was trading at $42,625 (roughly Rs. 35.3 lakh) as per Gadget360’s crypto price tracker. As opposed to what was predicted, the approvals of BTC ETFs in the US last week, did not manage to propel the most valued crypto asset into a profit frenzy. This, as per market analysts, testify to a sentiment of maturity in the investor community.

Ether followed Bitcoin and clocked a gain of 1.01 percent. The asset is currently trading at $2,562 (roughly Rs. 1.09 lakh).

“In the last 24 hours, both BTC and ETH exhibited stability, and the market remained calm, attributed to the closure of the US market, indicating lower volatility and volume. BTC is maintaining its position and ETH is gradually consolidating in a sideways trend after a recent rally,” CoinDCX Market Movement told Gadgets360. “Notably, BTC dominance is declining, while ETH dominance is rising, suggesting a rotation of funds from BTC to ETH. This shift became more prominent after the BTC spot ETF approval, with ETH showing outperformance as the likelihood of an ETH spot ETF approval.”

Binance Coin, USD Coin, Uniswap, Cosmos, Monero, and Elrond joined Bitcoin and Ether on the profit-making side of the crypto chart.

Small gains also struck Binance USD, Iota, Zcash, Status, and Ardor.

The overall crypto market cap rose by 0.15 percent in the last 24 hours. Its current valuation, at the time of writing, stands at $1.68 trillion (roughly Rs. 1,39,40,052 crore), as per CoinMarketCap.

Meanwhile, a big number of altcoins reeled-in losses on Tuesday. These include Solana, Ripple, Cardano, Avalanche, Dogecoin, Tron, Polkadot, Chainlink, and Polygon.

Shiba Inu, Litecoin, and Bitcoin Cash also registered losses.

“This has led to a rally in all ETH based altcoins as well. As per the technical analysis, this pair can still jump another 35 percent as traders speculate an ETH ETF in the coming weeks or months. Blackrock CEO Larry Fink has also been bullish on his television interviews about tokenisation of stocks and other real world assets – which could be a positive for ETH,” CoinSwitch Markets Desk told Gadgets360.

 Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Crypto Price Today: Bitcoin Reflects No Notable Price Change Post ETF Approvals, Most Altcoins Trade in Profits

Bitcoin on Friday, December 12 clocked a loss of 1.05 percent – one day after the US SEC approved 11 BTC ETFs in a milestone decision for the global crypto sector. Bitcoin is presently trading at the price point of $46,066 (roughly Rs. 38.2 lakh). In the last 24 hours, the value of the asset has risen by $149 (roughly Rs. 12,375). As per market experts, as long as BTC stays above the mark of $44,000 (roughly Rs. 36.5 lakh), its market structure remains intact and a strong break of $48,000 (roughly Rs. 39.8 lakh) resistance is likely.

Ether saw a miniscule gain of 0.07 percent over the last day. Currently, Ether is trading at $2,594 (roughly Rs. 2.15 lakh) which is $248 (roughly Rs. 20,598) higher than what it was 24 hours ago.

“Key altcoins except Ethereum have shed yesterday’s gains and look for BTC’s direction to make their next move. As calls for a Ethereum Spot ETF intensifies, we can anticipate Ethereum and its associated layer 2 tokens (ARB, MATIC, OP etc.) to perform well in the short-term,” Vikram Subburaj, CEO, Giottus, told Gadgets360.

Most cryptocurrencies are trading in profits on Friday. These include Tether, Binance Coin, USD Coin, Cardano, Avalanche, and Dogecoin.

Tron, Polkadot, and Polygon also registered minor gains.

“After the start of BTC ETFs, the largest crypto showcased a rangebound performance which was followed by selling pressure and its return to the initial range. Even though the volatility has increased, the investor sentiment around BTC seems to have further strengthened, with a revision in analyst predictions including Cathie Wood, ARK Invest’s CEO. Cathie, who had previously predicted BTC’s price to reach $1 million (roughly Rs. 8.3 crore) by 2030, has revised her prediction to $1.5 million (roughly Rs. 12 crore) in a bullish scenario,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures told Gadgets360.

A bunch of altcoins did see losses on Friday. These included Solana, Ripple, Chainlink, Near Protocol, and Elrond.

“The higher-than-expected CPI data had a negative impact on the market. BTC dominance has been on a declining trend, providing room for altcoins to gain traction. Notably, Spot Bitcoin ETFs achieved a trading volume surpassing $4.5 billion (roughly Rs. 37,349 crore) on their first day, indicating positive market sentiment,” CoinDCX told Gadgets360.

Regardless, the overall crypto market cap dropped by 0.41 percent in the last 24 hours. The sector valuation, as of Friday, stands at $1.77 trillion (roughly Rs. 1,46,91,442 crore), showed CoinMarketCap.

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Crypto Price Today: Profits Take Over Crypto Charts as 11 BTC ETFs Bag Historic Approval in US

Bitcoin on Thursday, January 11 minted a small profit and continued trading at the price point of $46,331 (roughly Rs. 38.4 lakh). In a historic development, the US SEC finally gave the green signal to 11 Bitcoin ETF applications that include Blackrock, Fidelity, and Invesco among others. This has ushered in an excitement-induced sentiment among the global crypto community even though Bitcoin did not show an immediate reaction to the development. Profits are beginning to seep onto the price chart in the backdrop of this development.

Ether minted a profit of 9.99 percent on Thursday. With this, the value of ETH has touched the price point of $2,606 (roughly Rs. 2.16 lakh). This is a 20-month high for Ether.

“The decision to greenlight 11 spot Bitcoin ETFs reflects a growing acceptance and recognition of digital assets within traditional financial markets. This move is expected to bring about increased adoption, liquidity, and overall market maturity. It also signifies a shift in the perception of cryptocurrencies from a niche asset class to one that is gaining mainstream acceptance,” Edul Patel CEO of Mudrex told Gadgets360.

Exchange Traded Funds (ETFs) track the value of the asset and trade on traditional market exchanges rather than crypto exchanges. This lets people engage with Bitcoin without having to register with a crypto platform. The SEC-approved BTC ETFs will be available on traditional exchange majors, such as NYSE Arca, Nasdaq, and Cboe BZX Exchange in the US.

Majority cryptocurrencies reflected gains after news about the BTC ETF approvals broke online. These altcoins include Binance Coin, Ripple, Cardano, Avalanche, Dogecoin, Polkadot, Tron, and Polygon.

Other altcoins that saw the immediate effect of the ETF approvals unlike BTC include Chainlink, Shiba Inu, Litecoin, Bitcoin Cash, Cosmos, and Uniswap.

“The future price movement will also be impacted by further capital inflows into Bitcoin ETFs. The abundance or scarcity of funds will play a crucial role in market sentiment and price fluctuations, determining whether Bitcoin prices continue to rise or experience a decline. This event may trigger intense market volatility, and investors should closely monitor the market’s reaction post-ETF approval, as well as the flow of funds, to better formulate their investment strategies,” Ryan Lee, Chief Analyst at Bitget Research told Gadgets360.

A small number of cryptocurrencies did see minor losses on Thursday. These include Tether, Solana, USD Coin, Leo, and Bitcoin SV.

“Now that the SEC has approved Bitcoin ETFs, it is expected that financial institutions in other regions will apply for similar businesses in the United States. To prevent large and medium-sized financial institutions from transferring their funds out of the region, other financial centres such as London, Hong Kong, Singapore, and Tokyo are also expected to introduce policies related to BTC spot ETFs. This will ultimately lead to the widespread globalization and adoption of cryptocurrency. Additionally, the attributes of cryptocurrency are likely to expand beyond BTC to include ETH, stablecoins, and other tokens, allowing more people to understand the significance of cryptocurrency,” Lee added.

The overall crypto market cap, as of Thursday, stands at $1.76 trillion (roughly Rs. 1,46,01,628 crore). As per CoinMarketCap, the market valuation rose by 2.77 percent over the last 24 hours.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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Crypto Price Today: Bitcoin Sees Gradual Price Revival, Overall Market Continues to See Volatility

Bitcoin on Friday, January 5 reflected small gains of under one percent as many altcoins that were trading in losses a day ago, showed profits. At the time of writing, the value of Bitcoin stood at $43,466 (roughly Rs. 36 lakh). In the last 24 hours, the value of Bitcoin rose by $396 (roughly Rs. 32,960). Currently, the market demonstrates a low risk tolerance due to volatility and uncertainty surrounding specific tokens, experts have observed.

Ether managed to see a small gain of 0.42 percent on Friday. With this, the value of the crypto asset stands at $2,242 (roughly Rs. 1.86 lakh).

“In the last 24 hours, the crypto market showed positive movements, with both BTC and ETH gaining over 2.5 percent. Notably, today’s announcement of the US unemployment rate (monthly) has the potential to induce volatility in the market,” CoinDCX research team told Gadgets360.

Binance Coin, Dogecoin, Polkadot, Shiba Inu, Cosmos, Near Protocol, Monero, and Binance USD — all registered small profits on Friday.

The overall crypto market cap rose by 0.58 percent in the last 24 hours. The valuation of the sector, as of January 5, stands at $1.66 trillion (roughly Rs. 1,38,16,669 crore), showed CoinMarketCap.

“Reports indicate a significant shift in investor sentiment, with over $2 billion flowing into digital asset investment exchange-traded products (ETPs) in 2023—more than double the previous year’s inflow. This surge suggests heightened anticipation for SEC approval of ETFs,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures told Gadgets360.

“Simultaneously, the fascination with tokenization is on the rise. Moody’s has bestowed a rating upon the inaugural fund leveraging Standard Chartered’s SC Ventures’ tokenization platform, Libeara. Launched by SC Ventures in November, Libeara collaborated with FundBridge Capital to facilitate the creation of a tokenized Singapore-dollar government bond fund specifically tailored for accredited investors.”

Loss-making cryptocurrencies on Friday comprised of Tether, Ripple, Solana, Cardano, and Avalanche.

Tron, Polygon, Chainlink, Litecoin, Bitcoin Cash, and Uniswap also logged losses.

As per market analysts, the market is exhibiting signs of maturity despite key token prices having experienced a recent decline.

“The dip in market cap is attributed to speculation surrounding potential rejection of the Bitcoin ETF application, triggering a surge in long position sell-offs. Market cap is strained as long-term hodlers secure profits amid concerns of further BTC price dips following the ETF decision. Currently, the market demonstrates a low risk tolerance due to volatility and uncertainty surrounding specific tokens. Nonetheless, the uncertainty surrounding Bitcoin has been offset by a bullish sentiment among institutional investors towards Ethereum,” Rajagopal Menon, Vice President, WazirX told Gadgets360.

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Crypto Price Today: Bitcoin, Ether Tumble in Pricing, Underdog Cryptocurrencies Iota, Cartesi Mint Small Gains

Bitcoin on Thursday, January 4 recorded a notable loss of five percent. The crypto asset that was trading at $45,201 (roughly Rs. 27.6 lakh) just 24 hours ago, has slipped to the price point of $43,070 (roughly Rs. 35.8 lakh). This slippage was observed after a report by crypto financial services firm Matrixport anticipated the rejection of Bitcoin spot EFT proposals by the SEC in the US. Market analysts predict this volatility to prevail for some days to come, at least unless the SEC takes a concrete decision about approving ETFs.

“The Matrixport report induced panic among some market participants, leading to selloffs. Despite plummeting to a low below $41,500 (roughly Rs. 35.8 lakh), Bitcoin swiftly recovered and is presently trading around the $43,000 (roughly Rs. 35.8 lakh) mark. Bitcoin’s current support is situated at the $43,150 (roughly Rs. 35.9 lakh) level, with resistance at the $43,600 (roughly Rs. 36.3 lakh) level,” Edul Patel, CEO of Mudrex told Gadgets360.

Ether followed BTC on the loss trail with a price slash of 5.92 percent. At the time of writing, Ether was trading at $2,227 (roughly Rs. 1.8 lakh). In the last 24 hours, the value of ETH has deducted by $139 (roughly Rs. 11,580).

On Thursday, majority altcoins registered losses. These include Tether, Ripple, Solana, Cardano, Avalanche, and Dogecoin.

Other loss-making cryptocurrencies include Polkadot, Polygon, Chainlink, and Shiba Inu among others.

“This sudden decline in BTC triggered a more than 20 percent drop in Altcoins within minutes, although some recovered swiftly, like ARB and LDO. The cause of this decline remains uncertain, with some speculating about a report on BTC spot ETF denial from Matrixport, although this information may not be true,” the CoinDCX Research Team told Gadgets360.

The overall crypto market cap dropped by 4.91 percent in the last 24 hours. At the time of writing, the crypto sector valuation stands at $1.65 trillion (roughly Rs. 1,37,45,283 crore), showed CoinMarketCap.

Meanwhile, a small number of underdog crypto assets managed to mint small gains. These include Leo, Iota, Cartesi, Dogefi, and Bitcoin Hedge.

“Standout performers of the day remained in the famous L2 Arbitrum, ARB (+ three percent), and liquid staking solution Lido Finance, LDO (+ eight percent). While the total liquidations of yesterday remained at more than half a billion dollars, total crypto exchange volumes crossed the mark of one trillion dollars after two years, which shows that big money has started to flow back into the crypto market,” the CoinSwitch market desk added.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Crypto Price Today: Bitcoin Passes $43,000 Mark, Most Altcoins Register Profits

Bitcoin on Thursday, December 28 recorded a profit of 1.38 percent on Thursday, December 28. With this, the value of Bitcoin has risen to the price point of $43,064 (roughly Rs. 35.8 lakh). In the last 24 hours, Bitcoin has spiked in its value by $846 (roughly Rs. 70,426). At the time of writing, Bitcoin has maintained a market dominance of 49.9 percent. Despite Bitcoin’s minor price rally, its actually Ether that is shining brighter on Thursday.

Ethereum touched the $2,400 (roughly Rs. 1.99 lakh) mark as it surged by almost nine percent in the last 24 hours.

“Ethereum founder Vitalik Buterin recently expressed his interest to revamp Ethereum Proof of Stake, which created positive sentiment around the largest altcoin,” Shivam Thakral, CEO of BuyUcoin told Gadgets360.

Ethereum saw its 19-month high while teasing the mark of $2,500 (roughly Rs. 2.08 lakh).

“ETH and its scaling solutions, almost all major layer-2s saw significant gains as well with Arbitrum’s ARB (+26.7 percent) leading the charge; Optimism’s OP (+22.2 percent) also observed major gains,” the CoinSwitch Markets Desk told Gadgets360.

Tron, Chainlink, Shiba Inu, Cardano, and Dogecoin emerged among gainers on the crypto chart.

Wrapped Bitcoin, Litecoin, Bitcoin Cash, Uniswap, and Cosmos also minted minor profits.

“Solana is increasingly positioning itself as a strong rival to Ethereum, its impressive rally highlighting intensifying competition in the smart contract platform arena. Concurrently, the path of Bitcoin continues to captivate both investors and analysts, with 2024 shaping up for pivotal developments. Amidst this backdrop, optimistic discussions persist regarding Bitcoin’s possible journey toward the coveted $100,000 (roughly Rs. 83.2 lakh) milestone,” Rajagopal Menon, Vice President, WazirX told Gadgets360.

The crypto market cap, at the time of writing, stood at $1.69 trillion (roughly Rs. 1,40,65,810 crore) after growing by 2.47 percent in the last 24 hours, showed CoinMarketCap.

Meanwhile, Tether, Solana, USD Coin, Avalanche, Polkadot, and Polygon recorded losses on Thursday.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Crypto Price Today: Bitcoin Retains Price Above $42,000 Despite Small Losses, Altcoins Trade Sideways

Bitcoin on Wednesday, December 27, reflected a small loss of 2.71 percent. Despite this slight decline, Bitcoin managed to retain its price above the level of $42,000 (roughly Rs. 34.9 lakh) and is currently trading at $42,218 (roughly Rs. 35 lakh). This is the third consecutive day that BTC is trading above $42,000. However, in the last three days, BTC has dropped in value by $688 (roughly Rs. 57,270). BTC’s crucial resistance stands at $44,500 (roughly Rs. 37 lakh) and $42,500 (roughly Rs. 35.3 lakh) as a support level.

“Today, Bitcoin experienced a decline in price as traders swiftly closed their positions amidst rising funding rates, leading to a shift from optimistic to pessimistic market sentiment. Amid expectations of a year-end surge and the impending US SEC verdict on a Bitcoin ETF, an increase in trading volume indicates sustained market engagement amid these evolving scenarios,” Rajagopal Menon, Vice President, Wazir told Gadgets360.

Ether registered a minor dip of 0.75 percent on Wednesday. At the time of writing, ETH was trading at $2,220 (roughly Rs. 1.84 lakh). For ETH, the key resistance stands at $2,380 (roughly Rs. 1.98 lakh) whereas its critical support level stands at $2,250 (roughly Rs. 1.87 lakh).

A bunch of altcoins reflected losses on Wednesday. These include Ripple, Cardano, Avalanche, Dogecoin, and Polkadot.

Tron, Chainlink, and Shiba Inu also reflected price dips on Tuesday.

The total crypto market cap dropped by 0.27 percent in the last 24 hours. The valuation of the sector currently stands at $1.65 trillion (roughly Rs. 1,37,46,414 crore), as per CoinMarketCap. However, the crypto fear and greed index looks positive and has increased by 2 points since yesterday.

“The market is currently at a critical juncture with a narrow range, as both bulls and bears vie for control,” Edul Patel,Co-Founder and CEO, Mudrex told Gadgets360.

Meanwhile, only a small number of cryptocurrencies showed profits on Wednesday. These are Tether, Solana, Binance Coin, USD Coin, Polygon, and Wrapped Bitcoin.

Small profits were also minted by Uniswap, Leo, Monero, Elrond, Binance USD, and Bitcoin SV.

“One of the top performers after this crash turned out to be Polygon. Its native token MATIC (+11 percent) crossed a dollar mark in almost seven months. This came as Binance native coin BNB (+6.8 percent) also saw some gains and crossed the 300-dollar mark for the first time in six months. Both of these tokens, along with SOL (-7.1 percent) were part of the token lists SEC accused of being securities backed in June this year,” the CoinSwitch Markets Desk told Gadgets360.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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Crypto Price Today: Bitcoin, Ether See Losses as Christmas Ushers 2023 into Finale Week, Altcoins Remain Volatile

The Christmas cheer does not seem to be working out quite so magically for the crypto sector, as many altcoins on Monday, December 25 reflected losses on the price chart. Bitcoin registered a loss of 0.09 percent to trade at the price point of $42,906 (roughly Rs. 35 lakh). Over the weekend, Bitcoin pricing did see a dent owing to market volatility and the ongoing holiday season. Between December 22 and Monday, the value of BTC has reduced by $1,306 (roughly Rs. 1.98 lakh).

Ether followed Bitcoin to see price dips on Monday. The asset is trading at $2,264 (roughly Rs. 1.88 lakh) after incurring a loss of 0.39 percent. ETH price dipped by $11 (roughly Rs. 915) over the weekend.

Alongside BTC and ETH, other cryptocurrencies that are trading in losses on Monday include Ripple, Cardano, Dogecoin, Shiba Inu, Litecoin, and Bitcoin Cash.

Leo, Stellar, and Cronos also registered value slashes in addition to Binance USD and Bitcoin SV

The overall crypto market cap of the crypto sector dipped by 1.30 percent in the last 24 hours. At the time of writing, the crypto sector valuation stood at $1.66 trillion (roughly Rs. 138,06,635 crore), as per CoinMarketCap.

Meanwhile, some cryptocurrencies trading in profits today include Uniswap, Near Protocol, Zcash, Iota, and Augur.

In retrospect, the members of the Indian crypto players have appreciated the overall growth of the crypto sector.

“The crypto market performance in 2023 has been really impressive. The total market capitalisation has increased by around 60 percent year-to-date. This growth was driven by factors like institutional adoption, DeFi’s rise, and NFT popularity. Bitcoin, the world’s largest digital asset by market cap is up by 155 percent at the time of writing, which makes Bitcoin one of the the best performing asset class of 2023,” Shivam Thakral, CEO of BuyUcoin told Gadgets360.

“I think we will see a crypto super cycle in 2024. The mega events like Bitcoin Halving and ETF approval anticipation will play a key role in driving the momentum of crypto assets. US monetary policy and subsequent decisions on the interest rates by the US Fed will have a sign,” he added. 

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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