Home Cryptocurrency News Cryptocurrency price update: Bitcoin, Ether struggle as bearish momentum continues – India Today

Cryptocurrency price update: Bitcoin, Ether struggle as bearish momentum continues – India Today

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Cryptocurrency costs struggled on Monday after failing to realize any momentum over the weekend. In style cryptocurrencies have been under sell-off for over a week as a result of an absence of optimistic developments.

Bitcoin, the world’s hottest cryptocurrency, remained beneath $32,000 and was down 0.68 per cent at 1:00 pm. Bitcoin’s market capitalisation presently stands at $594 billion.

Its closest rival Ether, too, has struggled for greater than per week. It’s buying and selling beneath $1,900, down 3 per cent from its worth 24 hours in the past. Ether’s market capitalisation has marginally elevated to $221.33 billion however stays a lot decrease than the excessive it touched earlier this yr.

All different standard altcoins together with XRP, Cardano, Stellar, Dogecoin, Chainlink, Polkadot, and Litecoin have seen important outflow for over per week.

Commenting on the weak spot within the crypto market, Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm primarily based crypto buying and selling platform, stated, “The bearish momentum throughout the cryptocurrency spectrum continues to pull costs decrease. It appears the bears that turned very lively in direction of the top of the earlier week have not misplaced their steam but.”

“A number of altcoins are approaching their lows for the yr. Though, it’d appear to be a great cut price for some, it is very important watch out to not catch a falling knife,” he added.

“Nonetheless, the most important crypto by market cap, Bitcoin, is comparatively much less impacted. BTC is above the $31,500 mark, with a meagre 1.4% drop for the day.”

Listed here are the most recent costs and tendencies of standard cryptocurrencies:

Cryptocurrency

Value (US Greenback)

24-hour change

Market cap (Billion)

Quantity (24 Hours)

Bitcoin

31,677.71

-0.57%

$594.28

$17.02 billion

Ether

1,898.66

-3.11%

$221.67

$14.72 billion

Dogecoin

0.179251

-4.88%

$23.37

$1.22 billion

Litecoin

119.51

-1.59%

$8.14

$1.31 billion

XRP

0.584087

-0.48%

$58.40

$1.24 billion

Cardano

1.18

-1.03%

$38.06

$832.11 million

DISCLAIMER: The cryptocurrency costs have been up to date as of 1:25 pm and can change because the day progresses. The checklist is meant to offer a tough thought about standard cryptocurrency tendencies and be up to date each day.

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