Home Cryptocurrency News Cryptocurrency prices today: Bitcoin, Ether lose momentum as virtual coin market remains volatile – India Today

Cryptocurrency prices today: Bitcoin, Ether lose momentum as virtual coin market remains volatile – India Today

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Well-liked cryptocurrency costs misplaced momentum on Monday after rebounding all through the weekend. In the mean time, tendencies within the broader crypto market stay blended as buying and selling momentum stays weak.

Bitcoin, the world’s hottest cryptocurrency, fell marginally in the present day after rebounding in the course of the weekend. Bitcoin was buying and selling at $47,958, up over 1.17 per cent from its worth 24 hours in the past at 1:35 pm.

The market capitalisation of the cryptocurrency stays above $900 billion. Nevertheless, the buying and selling quantity has remained weak at $616 million. On the similar time, volatility stays excessive.

Ether, which is the second-most standard cryptocurrency, has additionally fallen over the previous 24 hours. It’s buying and selling at $3,179 or almost per cent decrease than its worth a day in the past.

Decoded | What’s driving demand for cryptocurrencies in India

The market capitalisation of Ether has additionally fallen to $372.59 billion. Like Bitcoin, the buying and selling volumes for Ether have remained low prior to now 24 hours.

Well-liked altcoins akin to XRP, Cardano, Dogecoin, Stellar, Polkadot, Uniswap, Chainlink, Polygon and Litecoin additionally remained weaker than their valuation 24 hours in the past.

Decrease buying and selling exercise appears to be the principle purpose why the cryptocurrency market barely misplaced momentum in the present day. Nevertheless, the momentum could rise in the present day attributable to some constructive developments together with Cuba’s intention to manage cryptocurrency use.

Cuba mentioned it could authorise and regulate using cryptocurrency for “causes of socioeconomic curiosity”.

In the meantime, the primary cryptocurrency ATM has been opened in Honduras as Bitcoin backers sought to spur demand for digital property after neighbouring El Salvador grew to become the primary nation to determine Bitcoin as authorized tender.

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

Cryptocurrency

Value (US Greenback)

24-hour change

Market cap (Billion)

Quantity (24 Hours)

Bitcoin

47,895.15

-1.46%

$900.48

$616.19 million

Ether

3,183.89

-0.99%

$373.08

$385.34 million

Dogecoin

0.281625

-0.59%

$36.87

$1.36 billion

Litecoin

173.50

-3.67%

$11.87

$2.02 billion

XRP

1.14

-0.64%

$113.71

$3 billion

Cardano

2.82

-0.50%

$91.31

$4.35 billion

DISCLAIMER: The cryptocurrency costs have been up to date as of 11:50 am and can change because the day progresses. The record is meant to offer a tough thought about standard cryptocurrency tendencies and be up to date day by day.

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