Bitcoin opened Wednesday, Jan. 11 with a small gain of 0.59 percent. Although the gain was small, Bitcoin managed to hold its recently increased price point. The oldest crypto asset is currently priced at $17,385 (roughly Rs. 14.2 lakh). In numbers, the value of Bitcoin has increased by $195 (approximately Rs.15,952) in the last 24 hours. However, the overall crypto price charts showed red alongside a number of cryptocurrencies.
ether forged its own trajectory instead of running after it Bitcoin. ETH value fell 0.23 percent, taking its price to $1,327 (roughly 1.08 lakh), that showed Crypto price tracker by Gadgets 360.
Both meme coins rallying behind bitcoin with small gains Shiba Inu and Dogecoins set a sign.
Gains were further recorded by Tron, avalanche, Wrapped Bitcoin, Moneroand Elrond.
Comparatively less discussed cryptocurrencies including Zcash, iota, SushiSwapand BrainTrust also appeared among the profitable altcoins.
The overall valuation of the crypto market increased by 0.75 percent in the last 24 hours. At the time of writing, the global crypto market capitalization stands at US$855.68 billion (about Rs.69.94.181 billion). CoinMarketCap.
It is noteworthy that in the first ten days of 2023, the global crypto market capitalization has increased by 55 billion US dollars (approximately 4.49.622 billion rupees).
“The increase in value could be attributed to the accumulation of whales over the past two days. If Bitcoin can sustain this bullish momentum, it could reach the $17,500 (roughly 14.2 lakh) resistance level by the end of the week,” Edul Patel, CEO and co-founder of crypto investment platform Mudrex, told Gadgets 360.
Despite the cumulative gains recorded by the crypto industry, some altcoins are still posting daily losses.
Today, stablecoins such as tether, USD coin, rippleand Binance USD — opened with price declines.
Binance coin, Cardano, polygon, Speckle, Solanaand Litecoin – also entered the trading market with price declines.
While several nations are expected to adopt their respective crypto laws in 2023, Nepal has decided to collectively embark on a different path.
Nepal’s telecom regulator this week ordered all internet service providers (ISPs) to do so Extinguish all crypto trading platforms operate from there. Serious legal action has been threatened for ISPs that do not follow the instructions.
On the other hand, Israel has taken a more crypto-friendly approach open the drafted crypto rules for comments from the public before officially sealing them in the coming days.
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.
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