Cryptocurrency prices today: Bitcoin, Ether down as crypto market dips over 2% – India Today

Cryptocurrency prices today: Bitcoin, Ether down as crypto market dips over 2% – India Today

The prices of major cryptocurrencies fell on Tuesday after an overall dip in the virtual coin market. Check the latest cryptocurrency trends and prices.

Cryptocurrency prices fell over the past 24 hours due to higher uncertainty. (Photo: Reuters)

Cryptocurrency prices fell on Tuesday as the overall market declined by over 2 per cent over the past 24 hours.

Bitcoin, the world’s most popular cryptocurrency, was trading at $42,290 or 1.20 per cent lower than its price 24 hours ago at 12:10 pm. The market capitalisation of Bitcoin fell to $800 billion and the 24-hour trade volume was $624 million.

Ehter, the native token on the Ethereum platform, declined to $3,196 or 2.55 per cent lower than its price 24 hours ago. Ether’s market capitalisation dipped to $376 billion while the 24-hour trade volume was $672.67 million.

All other smaller cryptocurrencies fell due to higher volatility in the virtual coin market. There has been a jump in trading volume as investors continue to sell their holdings.

Commenting on the crypto market momentum, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, “The global cryptocurrency market cap has dipped by 2 per cent over the past 24 hours, while the trading volume rose by nearly 20 per cent.”

“Bitcoin and Ethereum traded below $43,000 and $3,500. Meanwhile, Cardano has surged to almost 30 per cent in the past seven days, outperforming its rivals BTC and ETH. The recent developments in ADA contribute to the optimism around blockchain driving growth,” he added.

“The inflation rates in the US may push the demand for the crypto market in the coming days.”

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)

Bitcoin

42,316.10

-1.22%

$801.15 billion

$624.01 million

Ether

3,206.23

-2.21%

$377.25 billion

$672.67 million

Dogecoin

0.170539

0.06%

$22.65 billion

$1.01 billion

Litecoin

148.27

-0.06%

$10.30 billion

$82.06 million

XRP

0.762060

-0.36%

$76.20 billion

$2.00 billion

Cardano

1.56

2.37%

$51.58 billion

$487.73 million

DISCLAIMER: The cryptocurrency prices have been updated as of 12:20 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.

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Source: https://www.indiatoday.in/business/story/cryptocurrency-prices-today-check-bitcoin-ethereum-cardano-xrp-litecoin-dogecoin-rates-trends-1901329-2022-01-18