Monday, January 30, 2023
HomeNewsCryptocurrencyBTC, ETH Impacted by Small Losses, Crypto Price Charts Show Profits for...

BTC, ETH Impacted by Small Losses, Crypto Price Charts Show Profits for Underdog Altcoins

With the minuscule loss of 0.39 percent, BTC has been trading at the price point of $16,973 (roughly Rs. 13.9 lakh).

Bitcoin on Tuesday, December 6, opened with the minuscule loss of 0.39 percent to trade at the price point of $16,973 (roughly Rs. 13.9 lakh). BTC also failed to break out of the price mark of $17,000 (roughly Rs. 14 lakh) on international exchanges such as Coinbase and Binance as well. BTC has been showing a range-bound movement for at nearly over a month now. The crypto price charts, for the longest times, have not been able to reflect a streak of profits or losses.

Ether followed Bitcoin to trade in losses. After a value dip of 1.40 percent, ETH opened trading on Tuesday at the price point of $1,258 (roughly Rs. 1.03 lakh). Like BTC, ETH has also not been able to see a substantial hike in its price.

Among other loss-making cryptocurrencies, Binance CoinCardanoPolygonPolkadotSolanaUniswap, and Avalanche.

Interestingly, while Dogecoin settled with losses, Shiba Inu saw gains, in a rather unconventional turn of events.

Other cryptocurrencies that managed to get profits today include underdogs such as MoneroZcashIotaNeo Coin, and Braintrust among others.

Some stablecoins, such as Tether and USD Coin also reeled-in small value hikes, retaining greens on the price charts.

The overall crypto market declined by 1.38 percent in the last 24 hours to presently stand at $852 billion (roughly Rs. 70,15,818 crore).

As the crypto market is showing no signs of jumping back to a substantial recovery anytime soon, more and more crypto platforms are trying to regain the trust of investors following the collapse of the FTX exchange.

KuCoinBinanceGiottus, and CoinDCX are among crypto exchanges, that are getting their proof-of-reserves audited and verified.

In light of the currently prevailing, rather negative market sentiment, Vitalik Buterin has advised people to focus on advancing the technology and take a break from investor circles.

Buterin is the co-founder of Ethereum.

Source:gadget360.com

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments