The cryptocurrency market has faced resistance over the past 24 hours due to a minor selloff across the spectrum.

Bitcoin, the world’s most popular cryptocurrency, was trading just below $48,000 or 3 per cent lower than its price 24 hours ago at 12:10 pm. Bitcoin’s market capitalisation fell to $907 billion and the 24-hour trade volume was $1.33 billion.

Ether, the native cryptocurrency on the Ehtereum platform, was down to $3,800 or over 3 per cent over the past 24 hours. The market capitalisation of Ether fell to $447 billion and the 24-hour trade volume was $973 million.

While traded volumes remained steady, experts have asked investors to remain watchful due to rising volatility in the cryptocurrency market.

All other small cryptocurrencies also fell due to a selloff in the virtual coin market, following global uncertainty due to the threat of rising Omicron cases. There are chances that the cryptocurrency market will remain volatile for sometime due to the ongoing global developments.

Commenting on the market momentum, Edul Patel, CEO and Co-founder of Mudrex a Global Algorithm-based Crypto Investment Platform, said, “Over the past 24 hours, we saw a minor sell off across the spectrum. Traded volumes remained steady, suggesting that market participants remained watchful.”

“Cardano and Polkadot continued to have a good run over the past 24 hours.”

Here are the latest prices and trends of popular cryptocurrencies:

CryptocurrencyPrice (US Dollar)24-hour changeMarket capVolume (24 Hours)
Bitcoin47,798.65-2.93%$904.04 billion$1.33 billion
Ether3,795.88-3.18%$446.56 billion$973.67 million
Dogecoin0.175341-3.30%$23.24 billion$1.01 billion
Litecoin147.48-1.86%$10.22 billion$55.73 million
XRP0.853712-4.05%$85.36 billion$2.58 billion
Cardano1.42-2.67%$46.64 billion$157.90 million

DISCLAIMER: The cryptocurrency prices have been updated as of 12:25 pm 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.


India today

Leave a Reply

Your email address will not be published. Required fields are marked *