Cryptocurrency Price Today: Bitcoin is trading at $92,000, most altcoins see losses on the last day of 2024

The overall cryptocurrency price chart indicated slowing market momentum on Tuesday, December 31. After recording a new all-time high in December with a new all-time high of over $108,000 (around Rs 92.4 lakh), Bitcoin trading value on Tuesday reached $92,458 (around Rs 92.4 lakh). 79.13 lakh) on international stock exchanges. Bitcoin posted a 0.98 percent loss on foreign exchanges in the past 24 hours, CoinMarketCap data showed. On Indian bourses, meanwhile, assets suffered a decline of about 1.88 percent. Bitcoin is trading at around $100,308 (about Rs 85.8 lakh) on platforms like CoinSwitch and CoinDCX.

“Bitcoin briefly rose near the $95,000 (roughly Rs. 81.3 lakh) mark before long-term holders took profits bringing the price back to $92,400 (roughly Rs. 79 lakh). Liquidations of over $259 million (roughly Rs. 2,216 crore) in the last 24 hours has added to the pressure and while retail investors are selling, institutions like MicroStrategy are benefiting from this correction. “Investor sentiment towards the market remains strong,” Idul Patel, CEO of Mudrex, told Gadgets 360.

ether tail Bitcoin On the losing side of the cryptocurrency chart on Tuesday. The asset recorded a loss of 1.76 percent during the last day on foreign exchanges. At the time of writing, ETH was trading at $3,332 (about Rs 2.85 lakh) on global platforms, CoinMarketCap showed. On Indian stock exchanges, the value of ETH fell by 1.95%, reaching $3,505 (about Rs 3 lakh).

“Ethereum is showing bearish signs due to market-wide weakness but appears to be turning away from it. The renewed rise in funding prices indicates investor confidence in ETH amid its potential recovery. Trading volume indicates “This increasingly suggests that market sentiment may actually turn to the upside in the midst of a downward move.”

the Track crypto prices Gadgets 360 showed that most cryptocurrencies are trading with losses alongside Bitcoin and Ether on Tuesday.

These include ripple, Solana, Dogecoin, Cardano, You see, Avalancheand Chain link.

Shiba Inu, Dotted, excellent, com.uniswap, Lightwinand Close to the protocol It also saw losses on the price chart after a period of market-wide price correction.

The total value of the cryptocurrency market showed a decline of 1.58 percent over the past 24 hours CoinMarketCap. Currently, the market cap of cryptocurrencies is $3.23 trillion (about Rs 2,76,46,377 crore).

In the meantime pregnancy, Binance coin, US dollar currency, Leo, ribbedand corn Manage to hold on to gains on the price chart.

“Despite this ongoing stagnation, 2024 was a banner year for cryptocurrencies, with total trading volume reaching $18.4 trillion (about Rs 15,74,96,272 crore). Investors remain optimistic about the future, citing continued regulatory clarity and institutional adoption. As pivotal factors that could sustain the momentum into 2025,” Shivam Thakral, CEO, BuyUcoin 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.