The cryptocurrency market has witnessed mixed trends over the past 24 hours as smaller virtual coins lost momentum while Bitcoin (BTC) and Ether (ETH) gained slightly.
Bitcoin, the world’s most popular cryptocurrency, was trading at $57,256 or 1.20 per cent higher than its price 24 hours ago. Bitcoin’s market capitalisation rose to $1.08 trillion while the 24-hour traded volume was $1.21 billion.
Ether also gained marginally over the past 24 hours and was trading at $4,291.03. The cryptocurrency’s market capitalisation rose to $504 billion and the 24-hour traded volume stood at $811.74 million.
While Bitcoin and Ether rose, most other cryptocurrencies declined due to weak momentum and low trade volumes. Most cryptocurrencies, including Solana, XRP, Cardano, Polkadot, Stellar, Dogecoin, Chainlink and Uniswap were trading in negative territory.
Commenting on the currency momentum, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, “The cryptocurrency market remained range-bound over the past 24 hours. Other than the top three cryptos by market cap, most of the other cryptos suffered a strong bearish pressure. Bitcoin dominance fell lower than 42 per cent, suggesting that a good momentum might be witnessed across the altcoins.”
Read | Cryptocurrency prices today: Bitcoin, Ether plunge after India’s proposed crypto bill
While global cryptocurrency prices remained mostly rangebound, prices on Indian cryptoexchanges remain weak after tanking sharply on Wednesday.
This is because a new bill on cryptocurrency, to be introduced in the upcoming Parliament session, has made investors worried about a possible ban on private cryptocurrencies.
From Bitcoin to Tether, the prices of all cryptocurrencies on Indian crypto exchanges have fallen sharply. However, experts suggest that the government will not go for an outright ban, given the amount of money Indians have invested in cryptos.
Here are the latest prices and trends of popular cryptocurrencies:
|
Cryptocurrency |
Price (US Dollar) |
24-hour change |
Market cap |
Volume (24 Hours) |
|
Bitcoin |
57,215.98 |
0.96% |
$1.08 trillion |
$1.19 billion |
|
Ether |
$4,283.05 |
0.11% |
$504 billion |
$811.74 million |
|
Dogecoin |
0.217627 |
-2.93% |
$28.74 billion |
$1.31 billion |
|
Litecoin |
216.68 |
2.18% |
$14.96 billion |
$95.02 million |
|
XRP |
1.03 |
-1.03% |
$103.34 billion |
$3.26 billion |
|
Cardano |
1.67 |
-1.52% |
$54.67 billion |
$335.08 million |
DISCLAIMER: The cryptocurrency prices have been updated as of 11:05 am and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.
