Bitcoin, Ether are not able to show strength, but traders are getting happiness from this small coin


Bitcoin is the world’s largest cryptocurrency by market cap and has been witnessing a decline in its price over the past few weeks. However, the start of the week appears to be turning out to be a bit better for Bitcoin. The value of bitcoin has declined by more than 14% in the past few weeks, but on Sunday, the Indian exchange CoinSwitch Kuber was trading at $52,601 (approximately Rs.39.71 lakh) with a gain of 4 percent. Meanwhile, global exchanges like CoinMarketCap saw a 0.59 percent drop in the world’s most popular cryptocurrency when it was trading at $49,115 (approximately Rs 37.08 lakh).

Bitcoin has been underperforming over the past few weeks, but another major crypto, Ether, has seen a similar decline in the past week. Ether saw a 4% drop in the past few weeks, but the Ether price in India saw a 0.8% drop in the last 24 hours. At the time of writing the news, Ether was priced at $4,299 (approximately Rs.3.25 lakh) on CoinSwitch Kuber, while the crypto was trading at $4,025 (approximately Rs.3.03 lakh) on CoinMarketCap.

Gadgets 360’s cryptocurrency price tracker shows that most of the popular altcoins have also seen a slight decline despite strong performances on Saturday and Sunday.

Tether, Polygon, Cardano, Ripple and Uniswap all saw a slight decline in prices, while Polkadot looked to perform well with a gain of 4.92 percent in the last 24 hours.

Mime coins such as Dogecoin continued to decline, with the coin seeing a drop of about 3% over the past week. DOGE was priced at $0.17 (approximately Rs 13.49) at the time of writing, while SHIB (Shiba Inu) was trading up 3.46 per cent at $0.0000035 (approximately Rs 0.002664).

,