Cryptocurrency Prices Today: Bitcoin Drops Below $102,000, Altcoins Face Losses Amid Market Volatility

Stronger than expected US economic data has disrupted cryptocurrency markets over the past 24 hours. Most cryptocurrencies, including Bitcoin, recorded losses on Wednesday, January 8. After briefly reaching $102,000 (around Rs 87.5 lakh), Bitcoin fell to $96,335 (around Rs 82.7 lakh) on global bourses, reflecting a 5.29 per cent decline. On Indian platforms like CoinDCX and BuyUcoin, Bitcoin saw a smaller loss of about 3 percent, with prices settling at $101,369 (about Rs 87 lakh).

“Bitcoin It settles at $97,000 (around Rs 83.2 lakh) after hitting a high of $102,700 (around Rs 88 lakh) as strong US economic data gripped the US for 10 years. Treasury yields reached a multi-year high of 4.68 percent, encouraging profit-taking in stocks and the cryptocurrency market. “Retail investors are showing interest in buying at lower levels, anticipating a potential rise in relief,” Idul Patel, CEO of Mudrex, told Gadgets 360.

ether Bitcoin joined the reversal of price declines on Wednesday. On international exchanges, Ethereum fell 8.28 percent to trade at $3,363 (about Rs 2.88 lakh), CoinMarketCap data showed. The asset also registered a loss of around six percent on Indian bourses to trade at $3,588 (about Rs 3.08 lakh).

the Track crypto prices By Gadgets 360 showed the majority of cryptocurrencies trading at losses on Wednesday.

These include Cardano, Avalanche, Dotted, com.uniswap, Litecoinand Leo.

Solana, Binance coin, Dogecoin, You see, Shiba Inuand excellent They are also trading with losses.

The total market capitalization of cryptocurrencies decreased by 6.22 percent in the past 24 hours. The current valuation of the cryptocurrency market has shown that it is worth $3.36 trillion (about Rs 2,88,38,355 crore). CoinMarketCap.

pregnancy, US dollar currency, corn, conditionand Trust the mind He managed to hold on to gains on Wednesday’s price chart.

“For investors, it is important to remain cautious and avoid overexposure, especially in a landscape where momentum can reverse within hours,” Avinash Shekhar, co-founder and CEO of Pi42, told Gadgets 360.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information contained in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind given or endorsed by NDTV. NDTV will not be liable for any loss arising from any investment based on any recommendation, forecast or any other information contained in the article.