Bitcoin price remains steady at $102,000 for the third day in a row amid ongoing volatility in the cryptocurrency market

The global cryptocurrency market is witnessing some fluctuations that have caused the prices of many altcoins to fluctuate over the past two days. Over the past 24 hours, the value of Bitcoin fell by 2.76 per cent on global exchanges, while the price of the digital asset remained stable near $102,000 (about Rs 88.2 lakh) for the third day in a row. According to CoinMarketCap, BTC is currently trading at $102,782 (roughly Rs. 88.8 lakh) on international exchanges. Meanwhile, Bitcoin suffered a loss on Indian platforms of around three percent. The asset is trading at $103,020 (around Rs 89 lakh) on national exchanges like BuyUcoin.

“After surging to a new all-time high (ATH), Bitcoin is likely to trade in a range between $100,000 (roughly Rs. 86.4 lakh) and $109,000 (roughly Rs. 94.2 lakh) until the end of the month with investors looking bullish. Results of the meeting Federal Open Market Committee (FOMC) to set the trend At present, the major support for Bitcoin is at $101,300 (about Rs 87.6 lakh) with the next resistance at. $106,700 (about Rs 92.2 lakh),” Idul Patel, CEO of Modrex, told Gadgets 360.

ether The price also fell by 3.07 percent over the last day, and the asset was trading at $3,232 (roughly Rs. 2.79 lakh) on international exchanges. On national exchanges, ETH recorded a loss of around 3.90 percent to trade at $3,501 (about Rs 3.02 lakh).

the Track crypto prices Gadgets 360 showed that most cryptocurrencies fell on Thursday, along with BTC and ETH.

These include Dogecoin, Cardano, Avalancheand Chain link Experienced losses side by side pregnancy, Binance coin.

Other digital assets that saw their value decline on Thursday included: Shiba Inu, Dotted, Bitcoin Cash, Close to the protocoland Cronos.

“The decline comes amid the absence of any Bitcoin-related statements from former US President Donald Trump. “Altcoins are feeling the heat, with markets bleeding alongside Bitcoin’s decline,” the CoinSwitch Markets desk told Gadgets 360, explaining the market slowdown.

The total market capitalization of cryptocurrencies decreased by 2.57 percent in the past 24 hours. The current valuation of the cryptocurrency sector is $3.55 trillion (about Rs 3,06,70,402 crore), according to CoinMarketCap. Data.

You see, Monero, ribbed, corn, Enthusiasmand Trust the mind They were some altcoins that were not negatively affected by the ongoing volatility in the cryptocurrency market.

“We are in an evolving phase of cryptocurrency adoption, with big stocks like Bitcoin remaining steady. The path forward will require a balance between risk and innovation for long-term sustainability,” 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.