After most cryptocurrencies opened with gains for two days, the price chart on Wednesday, January 25 reflected losses alongside most altcoins. Bitcoin held its recent rise in price despite a small 2.10 percent loss. The value of BTC at the time of writing is $22,621 (roughly 18.4 lakh). The oldest cryptocurrency is also traded at around the same price on international exchanges such as Binance and Coinbase. In numbers, the price of BTC has fallen by $450 (approximately Rs. 36,694) in the last 24 hours.
ether On Wednesday, his winning streak broke, posting a 5.80 percent loss. Ether opened trading at a price of $1,545 (approximately Rs.1.26 lakh), showing this Crypto price tracker by Gadgets 360.
Binance coin, Cardano, Solana, polygon, Speckleand Litecoin experienced depreciation.
Both memecoins Shiba Inu and Dogecoins also opened with losses.
“Over the past 24 hours, most cryptocurrencies are slightly down as markets prepare for the release of Thursday’s US GDP numbers and Friday’s consumer sentiment data,” Edul Patel, CEO and co-founder of crypto investment firm Mudrex, told Gadget 360.
The overall valuation of the crypto market collapsed by 3.26 percent in the last 24 hours. acc CoinMarketCapthe current global crypto market cap is US$1.02 trillion (approximately Rs.83.49.684 billion).
Only a small number of altcoins saw gains. These include Lion, Qumand To bend.
Despite the volatility plaguing the crypto asset sector, investors continue to show support for cryptocurrencies.
“Whales holding 1,000 to 10,000 BTC have collectively accumulated 64,638 BTC totaling around US$1.5 billion (roughly Rs. 12,230 million) over the past 15 days. On the adoption front, India-based Polygon has partnered with BitGo, a crypto custody provider that allows MATIC holders to earn rewards by staking their coins and providing wallet and custody facilities,” the CoinDCX research team told Gadgets 360
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