BTC remains above the $17,000 mark despite a small slump, losses hit most altcoins

A day after bitcoin and most other cryptocurrencies posted gains, crypto price charts showed minor losses alongside altcoins on Tuesday, January 10th. Bitcoin opened with a small 0.44 percent drop in value, trading at a price of $17,190 (about Rs. 14 lak). Bitcoin maintained similar values ​​on international exchanges such as Binance and CoinMarketCap, among others. Today marks the second day in a row that Bitcoin manages to sustain its value above its $17,000 (roughly 13.9 lakh) resistance level.

ether Soared 0.60 percent in value today, not quite following Bitcoin’s movement for a change. The current price of ETH stands at $1,321 (roughly Rs. 1.08 lakh) as shown Crypto price tracker by Gadgets 360. In the last 24 hours, the price of Ether has increased by $16 (about 1,314 rupees).

Losses hit stablecoins, which made gains a day ago. These include tether, USD coinand ripple.

Cardano that grew by 19 percent and Solana that were up 20 percent a day ago both opened with losses today.

While Cardano’s value fell 5.64 percent, Solana fell 1.48 percent.

polygon, Litecoin, Speckle, Tronand avalanche — all witnessed casualties.

They were joined by the two popular meme coins, Shiba Inu and Dogecoins – both of whom fell down the prize ladder.

Relatively less discussed cryptocurrencies like Lion, Bitcoin SV, Elrond, Zcashand hyphen also settled with losses.

The overall rating of the crypto market slipped 0.10 percent. acc CoinMarketCapAt the time of writing, the market capitalization was US$849.19 billion (approximately Rs.69.95,173 billion).

Some cryptocurrencies followed Ether and opened with gains today.

These include Binance USD, Uniswap, bitcoin cash, iota, NEMand Qum.

Baby Doge Coin, cards, magic tokenand augur also caught small and significant profits.

The crypto sector is still struggling to weather the ongoing market slump.

Amid the industrial slowdown, the number of Bitcoin ATMs dropped significantly between July 2022 and January 2023. Only 94 Bitcoin ATMs have been installed in different parts of the world in the last six months.

acc CoinATMRadarbefore the crypto market tumbled last year, 4,169 BTC ATMs were installed in the first six months of 2022.

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