Bitcoin was down 1.50 percent on domestic and international exchanges on Friday, and the oldest cryptocurrency traded at $17,406 (about 14.4 lakh). BTC has effectively lost as much as $328 (roughly Rs. 27,168) in the last 24 hours to trade at current prices. The cryptocurrency has so far failed to trade above the $18,000 (about 14.90 lakh) level in the last two months. The crypto price charts saw more losses than gains as the market opened for trading amid fluctuations on Friday.
ether in accordance with postponed Bitcoin and encountered price declines. Down 1.50 percent, ETH is trading at $1,270 (roughly 1.05 lakh), the shows Crypto price tracker by Gadgets 360.
Most altcoins saw minor price declines on Friday. These include Binance coin, Cardano, polygon, Litecoin, Solana, Tron, Uniswapand avalanche.
Interesting, Shiba Inu shaped gains and outperformed its rival Dogecoins that saw its price fall.
Shiba Inu was joined by several stablecoins on the profitable side of the crypto price charts. tether, USD coinand Binance USD won on Friday.
Speckle, Monero, Bitcoin SV, Zcashand neo coin also bagged small but significant wins.
“Binance’s BNB token came under selling pressure (down 7 percent) as the rumor mill continued to float the idea of massive withdrawals from the platform. Meanwhile, OkX’s OKB token was a winner on Binance’s loss (up 9 percent) as it is one of the few remaining major crypto exchanges. One of the top winners of the week was Telegram’s TON (up ~30 percent last week) after its founder announced plans to launch a wallet and DEX,” Parth Chaturvedi, Crypto Ecosystem Lead, CoinSwitch, told Gadgets 360.
The overall crypto market is down 1.30 percent in the last 24 hours. Currently, the total market valuation is $850 billion CoinMarketCap.
“Closer to home, CRE8, an Indian rupee-denominated virtual digital asset (crypto) index, is down 2.1 percent over the past seven days. Index reading stood at Rs. 2,363.51 as of 8am 16th December 2022. BTC and ETH continue to be top assets by market cap,” noted Chaturvedi.
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 on an accepted recommendation, forecast or other information contained in this article.
