The cryptocurrency market lost momentum on Wednesday as valuations of top virtual coins slid further due to global uncertainty amid rising inflation and the ongoing Covid-19 situation.<\/p>\n
Bitcoin, the worlds most popular cryptocurrency, traded at $41,761.80 or 1.22 per cent lower than its value 24 hours ago at 12:10 pm. Bitcoins market capitalisation fell below $800 billion and the 24-hour trade volume remained steady at $900 million.<\/p>\n
Ether, the native token on the Ethereum platform and the second-most popular cryptocurrency, also fell over the past 24 hours. It traded just above $3,100 or 2.80 per cent lower at the time of publication.<\/p>\n
Crypto highlights | Check yesterdays prices<\/p>\n
The popular cryptocurrencys market capitalisation fell to $356 billion and the 24-hour trade volume was $734.10 million.<\/p>\n
All other smaller cryptocurrencies took a hit due to the weak momentum seen across the virtual coin markets across the globe. Market watchers have asked crypto investors to proceed with caution as the situation remains volatile.<\/p>\n
Also Read | Cryptocurrency Bill unlikely to be introduced in upcoming Budget session<\/p>\n
Commenting on the current trend in the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, The global crypto market cap dipped by 1 per cent, while the market volume has increased by 1 per cent in the past 24 hours.<\/p>\n
Bitcoin and Ethereum continued to trade below $42,000 and $3,400. BTC's price has steadily declined since reaching its all-time highs of $69,000 on November 10. Large crypto investors seem to be accumulating BTC amid flat price action, he added.<\/p>\n
The other cryptocurrencies are also experiencing a similar dip. Cardano, which outperformed BTC and ETH, has also been down by 7 per cent. Meanwhile, Stacks picked up nearly 13 per cent, ETC and THETA increased by 7 per cent.<\/p>\n
Cryptocurrency<\/p>\n
Price (US Dollar)<\/p>\n
24-hour change<\/p>\n
Market cap<\/p>\n
Volume (24 Hours)<\/p>\n
Bitcoin<\/p>\n
41,769.73<\/p>\n
-1.23%<\/p>\n
$790.84 billion<\/p>\n
$912.67 million<\/p>\n
Ether<\/p>\n
3,105.50<\/p>\n
-3.06%<\/p>\n
$365.40 billion<\/p>\n
$734.10 million<\/p>\n
Dogecoin<\/p>\n
0.167027<\/p>\n
-2.80%<\/p>\n
$22.19 billion<\/p>\n
$906.67 million<\/p>\n
Litecoin<\/p>\n
135.93<\/p>\n
-8.14%<\/p>\n
$9.44 billion<\/p>\n
$58.32 million<\/p>\n
XRP<\/p>\n
0.742613<\/p>\n
-2.41%<\/p>\n
$74.25 billion<\/p>\n
$2.17 billion<\/p>\n
Cardano<\/p>\n
1.40<\/p>\n
-10.33%<\/p>\n
$46.16 billion<\/p>\n
$360.49 million<\/p>\n
DISCLAIMER: The cryptocurrency prices have been updated as of 12:30 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.<\/p>\n
<\/p>\n
See the original post here: The cryptocurrency market lost momentum on Wednesday as valuations of top virtual coins slid further due to global uncertainty amid rising inflation and the ongoing Covid-19 situation. Bitcoin, the worlds most popular cryptocurrency, traded at $41,761.80 or 1.22 per cent lower than its value 24 hours ago at 12:10 pm. Continue reading
\nCryptocurrency prices today: Bitcoin slides further as global crypto market dips - India Today<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"