Cryptocurrency Price Today: Bitcoin and Ether values ​​are falling with most altcoins losing price momentum

The cryptocurrency market is witnessing a slowdown in terms of token pricing. Bitcoin on Monday reflected a price decline of about one percent on global bourses to trade at $94,472 (about Rs 81.5 lakh). On Indian stock exchanges, the value of Bitcoin fell by 0.47 percent in the past 24 hours. At the time of writing, Bitcoin is trading at $99,812 (roughly Rs. 86.2 lakh), according to exchanges like Giottus and CoinDCX. At present, Bitcoin’s dominance in the cryptocurrency sector is 56.94 percent.

“Bitcoin The recent rollercoaster ride, marked by a sharp correction from over $102,000 (around Rs 88 lakh) to lows around $91,250 (around Rs 78.8 lakh), highlights the inherent volatility of the market but also its cyclical nature. Historically, such price declines have often been followed by a strong rebound. “It is worth noting that Bitcoin’s all-time high of $108,000 (about Rs 93.2 lakh) in mid-December emerged just weeks after a major downturn,” Avinash Shekhar, co-founder and CEO of Pi42, told Gadgets360.

ether CoinMarketCap data on Monday showed a 0.10 percent loss over the past 24 hours on foreign exchanges. Currently, the asset is trading at $3,293 (around Rs 2.84 lakh) on global stock exchanges. According to Indian exchanges like CoinSwitch and CoinDCX, the price of ETH is $3,507 (about Rs 3.02 lakh).

CoinSwitch Markets Desk explained the reason behind the ongoing slowdown in asset prices. “Markets have been in a bit of a pullback since stronger-than-expected economic data suggested the Fed may pause interest rate cuts in 2025. There was an estimate of 167,000 jobs added in December, but the actual data beat it by a large margin of 256,000 jobs.” . said the exchange.

the Track crypto prices Gadgets 360 showed that the prices of most cryptocurrencies fell on Monday.

ripple, Solanaand Cardano It joins BTC and ETH on the losing end of the cryptocurrency chart.

Avalanche, Chain link, Shiba Inu, Dogecoin, excellentand Dotted It also saw its values ​​decline.

The value of the cryptocurrency market fell by 0.90 percent over the past day, according to the data CoinMarketCap Show. With this, the market cap of cryptocurrencies now stands at $3.29 trillion (about Rs 2,84,20,723 crore).

pregnancy, corn, conditionand Trust the mind Its value rose on Monday.

“The broader cryptocurrency market reflects growing concerns, including the FTX liquidation and speculation about a potential sale by the US government of Bitcoin holdings linked to the Silk Road. These factors have dampened investor sentiment. With the inauguration of pro-crypto President-elect Donald Trump approaching, Market participants are watching closely and expect that his stance on digital assets could shape the course of the market in the coming weeks,” the CoinDCX research team 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.