Bitcoin, Ether Prices See Small Price Volatility While Major Altcoins Sign Up for Mixed Trading Days
The broader crypto market has seen a rather mixed trading day over the past 24 hours as Bitcoin continues to struggle to break through the $45,000 mark (around Rs 34 lakh) with signs of bearish momentum. started to form as the price continued to fluctuate around $43,700 (about Rs. 33 lakh). The world’s most valuable cryptocurrency had a forgettable Wednesday but saw a slight recovery through early Thursday with a 0.13% drop in the past 24 hours. The value of Bitcoin is currently $45,705 (approximately Rs. 34.5 lakh) on the Indian exchange CoinSwitch Kuber.
Meanwhile, on global exchanges, the price of the most popular cryptocurrency stands at $43,672 (about Rs 33 lakh), down 0.5% in the last 24 hours. According to CoinGecko data, Bitcoin’s dramatic movement in the first few weeks of February has lost a bit of momentum as the crypto asset has dropped 1.8 percent in value over the past week.
Ether, the second-largest cryptocurrency by market capitalization, has also fallen slightly in value over the past 24 hours. At the time of publication, Ether is valued at $3,228 (approximately Rs. 2.5 lakh) on CoinSwitch Kuber while the value on global exchanges shows the value of the cryptocurrency hovering around the $3,000 mark ( around Rs. 2 lakh) at $3,073 (approximately Rs. 2.5 lakh) ), where the coin is down 1.59% in the last 24 hours. Compared to the price of Ether a week ago, CoinGecko data reveals that the value of the cryptocurrency has dropped by 5.5%. The past two months have left Ether stuck in a difficult situation as it has not experienced significant growth in value compared to the past few months.
Gadgets 360’s Cryptocurrency price tracker revealed that while major crypto assets suffered a slight drop in value midweek, most of the most popular cryptocurrencies saw minimal gains, despite the crypto market cap. Globally fell 0.23% in the last 24 hours. avalanche, Polygon, Terra, Polkadotand Chain link all managed to add value, though Cosmosand Dash is one of the big stocks, increasing more than 8% in value.
Shiba Inu and Dogecoin meme coins – the two most searched meme coins also had mixed fortunes. Dogecoin is currently worth $0.15 (about Rs 12) after a 1.04 percent drop in the last 24 hours, while, Shiba Inu was valued at $0.000032 (about Rs 0.0025), up 0.67 percent in the last 24 hours.
At a time when the Russia-Ukraine crisis is showing signs of abating, Russia’s central bank, the Central Bank of Russia, has announced that it has conducted initial tests of its Digital Currency. Central Bank (CBDC), commonly known as “Digital Ruble”. According to the announcement, two of the banks from the Bank of Russia pilot group have connected to the digital currency platform and completed a complete cycle of “Digital Ruble” money transfers between customers. through a mobile banking application.
While that is seen as a positive sign for blockchain adoption in the country, Russia is said to link for the majority of crypto attacks and cybercrime, especially when you consider that 74% of ransomware revenue in 2021, worth more than $400 million (about Rs 3,000) in crypto, was moved to accounts affiliated with the country in some way, according to a new report from crypto analytics and tracking firm Chainalysis.
YouTube is aiming strengthen its position in the emerging field of Web3 after the Google-owned video platform hosted a new job opportunity on LinkedIn, looking for a project management executive to develop and direct its Web3 strategies. The appointee will also be responsible for representing YouTube Web3 at executive level discussions, external organizations and industry events, notes the hiring alert on the platform’s official LinkedIn handle. .
Cryptocurrency is an unregulated digital currency that is not a legal tender and is subject to market risk. The information provided in the article is not intended and does not constitute financial advice, trading advice or any other advice or recommendation of any kind provided or endorsed by NDTV. NDTV will not be liable for any loss arising from any investment based on any recommendations, forecasts or any other information contained in the article.