Although the holiday season is upon us, the winter cheer has not reached the ailing crypto sector. Crypto price charts for Monday, December 12 reflected losses for most cryptocurrencies. Down 1.42 percent, Bitcoin opened trading today at a price of $16,875 (approximately Rs.13.9 lakh). The oldest cryptocurrency also saw losses of around 1.45 percent on international exchanges like Binance and Coinbase, where it continues to trade at a price below the $17,000 (about 14 lakh) mark.
etherNext Bitcoin, recorded losses. ETH prices fell 2.09 percent, with the asset trading at $1,241 (roughly 1.02 lakh). Crypto price tracker shown by Gadgets 360.
“Bitcoin has been range bound for the past two weeks, suggesting an uphill battle between buyers and sellers. This has resulted in a range bound rally. Ether was also trading in a tight range. The uncertainty in the market has caused the price to struggle to break through these levels,” Mudrex CEO and co-founder Edul Patel told Gadgets 360.
Cardano, Dogecoins, Shiba Inu, polygon, Speckle, Litecoinand Tron — opened today at a loss.
Meanwhile, the stablecoin category posted some gains and some losses on Monday.
tether and Binance coin For example, settled today with losses. On the other hand, USD coin and Binance USD rose marginally with tiny gains.
LION, hyphen, Dogefi, Bitcoin hedgeand Floki Inu appeared on the profitable side of the price charts.
The overall valuation of the crypto market fell by 1.80 percent in the last 24 hours. acc CoinMarketCapthe current crypto market cap is US$841.22 billion (approximately Rs.69.51.159 billion).
Experts have predicted that the digital asset market could gradually recover as more countries formulate laws to protect the crypto community from financial risks.
Last week, Hong Kong amended its Anti-Money Laundering (AML) and Terrorist Financing (Amendment) Act of 2022 to include crypto transactions.
Meanwhile, online payment broker PayPal has also shown its support for the crypto sector. The company initially ventured into the EU with its crypto services Luxembourg.
