Cryptocurrency price today: Bitcoin stabilizes at $93,000 after market correction, losses hit most altcoins

Cryptocurrency price charts reflected more losses than gains next to most cryptocurrencies on Monday, December 30. Bitcoin suffered a price decline of less than a percent on international exchanges, where it traded at a price point of $93,197 (about Rs 79.6 lakh), CoinMarketCap showed. Meanwhile, on Indian bourses, the oldest and most expensive cryptocurrencies recorded a price drop of more than one percent. According to exchanges like Giottus and CoinDCX among others, Bitcoin’s value is hovering around the $101,719 (roughly Rs. 86.9 lakh) mark.

“Despite the pullback over the weekend, BTC remains above its 200-day moving average, showing strong buying interest at lower levels. Additionally, the Relative Strength Index (RSI) is currently at 42 – indicating that Bitcoin is not in Overbought or oversold zone, Idul Patel, CEO of Mudrex, told Gadgets360: “The next resistance for BTC is $96,600 while support remains at the previous low at. $92,800 (about Rs 79.3 lakh).”

ether It managed to hold on to slight gains on Monday’s price chart. According to CoinMarketCap, ETH is trading at $3,396 (about Rs 2.90 lakh), having registered a slight gain of 0.42 percent over the past day. The assets followed a similar path on national exchanges as well. As shown by CoinSwitch and CoinDCX for example, the price of ETH reached $3,674 (about Rs 3.14 lakh) with a gain of 1.15 percent.

“Ethereum has shown resilience in the market. This rally reflects strong fundamentals as investors remain optimistic about the asset’s potential. Investors are optimistic about Ethereum’s growth trajectory, which is driven by ongoing developments in decentralized finance and non-fungible tokens. Shivam Thakral, CEO of BuyUcoin, told Gadgets360. Overall market sentiment appears positive, with expectations of continued investment inflows and technological advances supporting Ethereum’s position as a leading cryptocurrency.

the Track crypto prices By Gadgets 360 demonstrated ripple, Solanaand Cardano Featured on the losing side of the cryptocurrency chart.

You see, Avalanche, Chain linkand Shiba Inu It also recorded price declines alongside Bitcoin on Monday.

Considering that the majority of crypto assets recorded losses, the overall market valuation decreased by 1.31 percent over the past 24 hours. The market cap of cryptocurrencies, at the time of writing, stands at $3.29 trillion (about Rs 2,81,33,743 crore), data shows. CoinMarketCap.

“Memecoins faced challenges throughout the month of December. Its total market cap fell from a peak of $137.06 billion (about Rs 11,71,806 crore) to $92.67 billion (about Rs 7,92,290 crore) as the month came to an end with a decline of 32.38 percent,” he said. Avinash Shekhar, co-founder and CEO of Pi42, told Gadgets360: “The sharp decline indicates a decline in… Demand and weakening momentum in the token industry.”

pregnancy, corn, condition, Trust the mindand Dogify It has managed to retain profits despite the overall market slowdown.