Bitcoin, Ether Record Losses as Overall Crypto Market Valuation Slips by 1.12 Percent

Bitcoin Overall Crypto Market Valuation Slips by 1.12 Percent

One day after majority cryptocurrencies recorded profits and the crypto market valuation rose by over three percent, the price charts for Bitcoin and cryptocurrencies was hit by volatility once again.

Bitcoin on Thursday, opened with a loss of nearly one percent. At the time of writing, BTC was trading at $17,716 (roughly Rs. 14.6 lakh).

The world’s most popular cryptocurrency also saw tiny price dips on international exchanges. As per Binance and CoinMarketCap, BTC is trading at the price point of $17,734 (roughly Rs. 14.4 lakh).

180,000 Traders Lose $520 Million As Bitcoin Falls Below $25,000 -  Nairametrics

Read also:

Vivo S16 Pro Design Renders, Specifications Leaked Ahead of Launch: Report

Oppo Find X6 Leaked Design Render Offers Look at Redesigned Rear Camera Module

Moto Razr 2022, Along With Moto G, Edge Series Smartphones to Get Android 13

Moto X40 Spotted on 3C Certification Website With 125W Fast Charging Support Ahead of Launch

Google Defeats Lawsuit Over Privacy Practices Involving Chrome Browser

Ether recorded slightly bigger losses than Bitcoin. With a drop of 2.35 percent, ETH is now trading at $1,291 (roughly Rs. 1.06 lakh), showed the crypto price tracker by Gadgets 360.

Along with altcoins, stablecoins pegged against the US dollar also settled with losses.

Tether, USD Coin, Binance Coin, Ripple, Cardano, Polygon, Polkadot, and Litecoin — all witnessed price dips.

Dogecoin and Shiba Inu also broke out of their gain-spell to see their value fall on Thursday.

Bitcoin Falls By 29% As $2.5 Billion Of Crypto Liquidated. What Caused The  Plunge This Time? | Euronews

The overall crypto market valuation slipped by 1.12 percent in the last 24 hours. The current crypto market cap stands at $861.07 billion, as per CoinMarketCap.

These include Solana, Tron, Zcash, and Flex.

After the collapse of crypto exchange FTX exchange, a large part of the global investor community has pulled back from the crypto sector.

A recent report, the Organisation for Economic Cooperation and Development (OECD) explains why the crypto market cap has not managed to show any recovery.

The OECD has said that institutional investors were quicker to leave the crypto market amid the slump, as compared to retail investors.

Last year around the holiday season in December, the crypto market recorded profits as more people indulged in gifting crypto presents, especially in the US.

This year, the holiday spirit has not yet managed to achieve the same effect on the crypto sector.

Other Posts:

Letv Y1 Pro+ With iPhone 13-Like Design Listed Online: Price, Specifications Revealed

iQoo Neo 7S, iQoo Neo 7 SE Live Image Surfaces, Key Specifications Tipped

Vivo Y01A With MediaTek Helio P35 SoC, 5,000mAh Battery Launched: Price, Specifications

Twitter Blue to Be Relaunched on November 29 to Ensure ‘Rock Solid’ Release, Elon Musk Says

YouTube Shorts Updated With Shopping Features, Firm Tests Commission Schemes for Influencers

USDC Issuer Circle Adds Support for Apple Pay to Bridge Crypto, Traditional Payment Gap

Bitcoin, Ether Show Signs of Recovery Mid-Week After Shaky Start to Begin the Week

Apple Preparing to Source Chips From US Plant, Plans Expansion in Chip Supply From Europe: Report

Qualcomm Snapdragon 8 Gen 2 SoC With Wi-Fi 7, INT4, Ray Tracing, and More Launched: All Details

NASA Artem is I Moon Rocket Launched Days After Mega Moon Rocket Survives Hurricane

Related Articles

Leave a Reply

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

Back to top button