Bitcoin opened trading on Friday, December 30 with a small gain of 0.08 percent. At the time of writing, BTC prices are trading at $16,585 (roughly 13.7 lakhs) on domestic and international exchanges. From its last all-time high of $68,000 recorded last November, 2022 pushed bitcoin down the price ladder very drastically. Now, on the penultimate day of 2022, BTC has marked a significant low. Crypto price charts showed red next to green as crypto prices fluctuated wildly for most coins.
ether posted a marginal gain of 0.79 percent as it entered the trading arena. ETH, according to Gadgets 360 Crypto price trackercurrently costs $1,196 (approximately 99,020 rupees).
Like BitcoinETH has also fallen dramatically low this year in terms of its value. Its most recent all-time high recorded in November 2021 was around $4,890 (roughly 4.04 lakh).
Binance coin, Speckle, Litecoin, Uniswapand Solana joined BTC and ETH for smaller gains.
cosmos, Stellarand Bitcoin SV settled even with small profits.
both meme coins, Shiba Inu and Dogecoins also saw minor price increases on the penultimate day of 2022. While DOGE is priced at $0.070 (approximately Rs. 5.80), SHIB is priced at $0.0000081 (approximately Rs. 0.000670).
It is notable that stablecoins pegged to the US dollar opened trading today at a loss. These include tether, USD coin, rippleand Binance USD.
Other popular altcoins like Cardano, polygon, Tron, avalancheand Wrapped Bitcoin also saw price reductions.
The overall crypto market is up 0.09 percent in the last 24 hours. acc CoinMarketCapThe global crypto market capitalization stands at US$795.8 billion (roughly Rs. 65,87,835 crore).
Despite the ongoing crypto slump, industry players have not lost all hope.
Huobi crypto exchange for example, announced its plans to soon launch a card service that would make fiat-to-crypto transactions efficient and just a tap away.
On the other hand, KuCoin Labs, the incubation arm of KuCoin crypto exchange has announced a special program designed to help blockchain creators develop products and services in the Metaverse, NFT and Gamefi sectors.
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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