The overall crypto price chart showed small gains alongside most cryptocurrencies on Monday, December 26th, but overall failed to make a positive impact on a larger scale. Bitcoin, for example, opened trading today with its price up 0.39 percent. Its price remains at the $16,857 (approximately Rs.13.9 lakh) mark. Even on the international stock exchanges, the oldest cryptocurrency saw no differences in market movement despite the Christmas spirit. Binance, Coinbase and CoinMarketCap all showed similar developments for Bitcoin today.
ether rose 0.08 percent on Monday. Like BitcoinETH prices also held on to the price points they were at prior to the weekend. As with Gadgets 360 Crypto price trackerETH is currently trading at $1,220 (roughly 1.01 lakh).
“Over the past five days, BTC’s price has been rejected by both sides, indicating the indecisiveness of market participants. ETH has not yet accumulated enough power to take another step. It is trading in a tight range with neither bullish nor bearish signals. If these two altcoins close above their current levels, we may see some bullish action,” Edul Patel, CEO and co-founder of Mudrex, told Gadgets 360.
tether, USD coin, ripple, Binance USD, Cardano, polygonand Speckle – managed to make small profits.
These altcoins were also joined Tron, Litecoin, avalanche, Wrapped Bitcoin, chain link, Moneroand cosmos – on the profitable side of the crypto price chart.
The global crypto market rose 0.06 percent to a valuation of US$811.95 billion (approximately Rs.67.24.925 million), data from CoinMarketCap showed.
Small losses hit a number of altcoins, including Binance coin, Solana, Uniswap, Lionand Stellar among other.
both meme coins, Shiba Inu and Dogecoins were also affected by losses.
To regain the confidence of crypto investors, several crypto exchanges including KuCoin, binance, CryptoComand Giottus have had their proof-of-reserves verified and audited, among other things.
However, officials at the United States Securities and Exchange Commission (SEC) have done so warned crypto investorsthat they must not blindly trust the internal audits of crypto companies.
Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended to and does not constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment made based on an accepted recommendation, forecast or other information contained in this article.
