Cryptocurrency Price Today: Bitcoin Trades Near $100,000, Most Altcoins Reverse Profits

The cryptocurrency market saw a surge in value on Monday, January 6, with most cryptocurrencies showing gains. Bitcoin, the largest and most expensive cryptocurrency asset, saw a 1.23 percent increase in value over the past 24 hours on global exchanges, taking its price to $99,537 (about Rs 85.4 lakh), according to CoinMarketCap data. On Indian exchanges such as CoinDCX and Giottus, the price of Bitcoin rose by about one percent, reaching $103,114 (about Rs 88.5 lakh).

“After 10 days of chop, Bitcoin is once again close to testing the crucial $99,500 mark (about Rs 85.3 lakh) – with six consecutive green days. If Bitcoin fails to break through this resistance, we could see a decline in the entire market. However If Bitcoin flips by 100,000 (about Rs 85.8 lakh) with trading volumes, this could start a big rally like what we saw in January 2024, CoinSwitch Markets Desk told Gadgets 360, commenting on the market situation.

ether join Bitcoin On the profit making side of the crypto scheme. On global stock exchanges, ether prices witnessed a 1.08 per cent rise in the past 24 hours, reaching $3,683 (about Rs 3.16 lakh). According to Indian stock exchanges, ETH is trading at $3,785 (about Rs 3.24 lakh) after recording gains of about 0.65 percent.

“Ethereum is struggling to make new highs against BTC with ETH/BTC trading at around 0.037 BTC per ETH. 0.04. For Ethereum to outperform Bitcoin in terms of price action, it needs to rise above this point of divergence,” CoinSwitch’s Markets Desk said.

Cryptocurrency price chart by Tools 360 It showed that the majority of cryptocurrencies are trading with profits on Monday.

Cardano, Avalanche, Dotted, com.uniswap, Litecoinand Leo It saw gains alongside BTC and ETH on Monday.

Monero, universe, EOS coinand Bitcoin SV Gains were also recorded on the price chart.

The total market capitalization of cryptocurrencies rose by 0.53 percent in the past 24 hours, according to the data CoinMarketCap Show. At present, the sector has a valuation of $3.52 trillion (about Rs 3,02,11,385 crore). Bitcoin currently has a 55.74 percent dominance on the cryptocurrency price chart.

Meanwhile, cryptocurrencies that recorded losses on Monday include: pregnancy, Solana, Binance coin, Dogecoin, You see, Shiba Inuand excellent.

“Solana is facing resistance at the 50-day simple moving average (SMA) but is showing some optimism as the 20-day estimated moving average (EMA) is starting to move higher. Sui is also showing a bullish uptrend after buyers pushed the price above 5 Dollars (about Rs. 430). Dogecoin’s recent bullish momentum, supported by whale activity, could reach $1 (about Rs. 85) and could reach a market cap of Rs. 100 billion (about Rs 8,58,286 crore)” – Avinash Shekhar, Co-Founder and CEO, 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.