A large number of cryptocurrencies that fell in value a day ago posted gains on Tuesday, February 7th. The value of Bitcoin at the time of writing this article was $22,864 (approx. The world’s first cryptocurrency has managed to generate gains of less than one percent on both domestic and international exchanges such as Binance and Coinbase, among others. Regarding on its value, BTC has only managed to gain $4 (roughly Rs. 330) in the past 24 hours, marking its smallest daily fluctuation since the beginning of this year.
ether twisted at the back Bitcoin to make tiny gains. Up 0.63 percent, ETH is trading at $1,632 (about 1.35 lakh), according to Gadgets 360 Crypto price tracker.
“Bitcoin has been trading in a tight range after posting a 2.77 percent drop over the past week. Its support level currently stands at $22,800 (about Rs.18.86 lakh), with resistance at $23,150 (about Rs.19.1 lakh). Ethereum is also down two percent over the last day but remains above $1,600 (roughly 1.32 lakh). The low volume suggests a lack of bullish activity in the market,” Edul Patel, the CEO of crypto investment firm Mudrex, told Gadgets 360.
tether, Binance coin, USD coin, Binance USDAnd polygon — all recovered from yesterday’s fall with small gains.
Litecoin, avalanche, Tron, Wrapped BitcoinAnd Monero also recorded small gains.
The total crypto market cap increased by 0.09 percent in the last 24 hours. The crypto market cap is $1.06 trillion (roughly Rs. 88,04,827 crore) at the time of writing. CoinMarketCap.
The small overall gain in crypto market cap comes against the backdrop of several cryptocurrencies still smelling of losses.
ripple, Cardano, SolanaAnd polygon posted losses on Tuesday.
Both meme coins Shiba Inu And Dogecoins also settled with losses.
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.
