BTC, ETH Open with Price Dips, Polkadot and Monero see gains

The crypto price chart showed losses alongside most cryptocurrencies on Friday, January 6th. With a small 0.22 percent loss, Bitcoin opened trading at $16,848 (about 13.8 lakh). The asset followed similar price action on Binance and Coinbase, among other international exchanges. In the last 24 hours, Bitcoin saw a minor price increase of $32 (about Rs. 2,640). Of BTC’s pre-determined supply limit of 21 million tokens, 92 percent are already in circulation, accounting for over 19 million tokens.

ether recorded a loss of 0.41 percent. According to the Crypto price tracker by Gadgets 360, ETH opened trading at a price of $1,250 (approximately Rs.1.03 lakh).

Among other loss-making altcoins, polygon, Litecoin, Solana, Tron, Uniswapand avalanchemark their names.

Stablecoins pegged to the US dollar tether, USD coinand Binance USD could not make any profits.

After days of constantly seeing small gains, memecoins Shiba Inu and Dogecoins show losses on the price chart.

As most cryptocurrencies settled down in value, the global crypto market cap fell 0.50 percent over the past 24 hours.

At the time of writing, the valuation of the global crypto market stands at US$816 billion (approximately Rs.67.40.022 billion), data from showed CoinMarketCap.

Among the small number of altcoins that saw gains, Cardano, Speckle, Lion, Moneroand iota registered their names.

Baby Doge Coin, augur, Kishu Inuand doge killer recorded small gains.

“The crypto market started the week slowly due to the holiday season but gained momentum later in the week. Bitcoin has been trading in a tight range for the past few days, suggesting a lack of any strong movement from either bulls or bears. Sentiment for ETH remains somewhat bullish. Market volatility remained high following the release of the Federal Open Market Committee minutes,” Edul Patel, CEO and co-founder of Mudrex, told Gadgets 360.

Amid growing use cases of cryptocurrencies and blockchain technology, industry players are turning to space tech to streamline industries.

Earlier this week, a Falcon 9 rocket from Elon Musk’s SpaceX launched the Crypto1 satellite from space Cryptosat team into Earth orbit on Jan 3. Like its predecessor, this satellite aims to power cryptographic, blockchain and ledger applications. The physical accessibility of satellites makes them a secure point of information storage, guaranteeing the confidentiality of sensitive data and calculations.

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.