BTC, ETH and the majority of cryptocurrencies saw losses today

The crypto price chart was bathed in red on Thursday, December 8th after more cryptocurrencies posted losses. Bitcoin value fell 1.37 percent, according to Gadgets 360 crypto price tracker. The digital asset also slipped by the same margin on international exchanges such as Binance and Coinbase. Overall, the current trading value of Bitcoin is $16,825 (roughly 13.8 lakh). A day ago, BTC prices were $163 (roughly Rs. 13,425) higher. For weeks, BTC has only shown range-bound movement and experts don’t see any sudden changes in its trajectory for the foreseeable future.

etherdragged behind Bitcoin to see a slightly larger 2.50 percent drop in value. Currently, ETH is trading at $1,231 (roughly 1.01 lakh), according to the Gadgets 360 trackers.

tether, Binance coin, USD coin, Cardano, polygonand Speckle — all opened with price declines.

Dogecoins and Shiba Inu slid down the price ladder Solana, Tron, Uniswapand avalanche.

The overall crypto market is down 1.45 percent in the last 24 hours. Currently, the global market valuation stands at US$842.26 billion (around Rs.69.37.18 billion).

Meanwhile, only a small number of altcoins managed to post marginal gains today.

These include Binance USD, ripple, EOS coin, hyphenand To bend.

Against the backdrop of constant market slumps, crypto players are attempting to win investor confidence to pull funds back into the digital assets sector.

binance, published the first fact finding report on December 7, in which he presented the status of his qualifying evidence. It aims to ensure its users that the exchange can handle bulk withdrawals in the event of an emergency.

After the collapse of FTX crypto exchangehas Goldman Sachs decided Buy and invest in crypto companies affected by market volatility.

The ultimate intention is to help struggling companies get back on their feet and get investors to re-enter the trading arena.

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.