Bitcoin, Ether start with gains, Dogecoin falls for the second day in a row


The last 24 hours have been very volatile for Bitcoin. The world’s largest cryptocurrency continued to fall above 4 percent. The increasing cases of Omicron variants of Corona are also adding to the difficulties of cryptocurrencies. Investors are now avoiding risk-taking for riskier assets such as cryptocurrencies. At the time of writing this news, the price of bitcoin had increased by 2.31 percent. Whereas in the last 24 hours, its price had fallen by 2.05 percent. Currently, bitcoin is trading at $50,930 (about Rs 38.57 lakh) on the Indian exchange CoinSwitch Kuber. Its price increased by 2.68 percent on global exchanges like CoinMarketCap and is trading at $48,357 (approximately Rs.36.62 lakh). According to CoinGecko, the valuation of bitcoin has increased by 4.8 percent even after last week’s volatility.

Ether’s movement continued to falter at the beginning of the week, similar to that of Bitcoin. The world’s second largest cryptocurrency is up 2.47 percent in the past 24 hours. Earlier on Monday, its price had come down by 2.54 percent. At the time of writing the news, Ether was priced at $4,261 (approximately Rs.3.22 lakh) on CoinSwitch Kuber. While its value on the global exchange saw an increase of 2.79 percent, after which its price reached $ 4,050 (about Rs 3.06 lakh). Like bitcoin, its valuation has risen 6.8 percent despite last week’s volatility.

According to Gadgets 360’s cryptocurrency price tracker, most altcoins started the week in a mixed manner. While coins like Cardano, Polygon, Chainlink and Uniswap went up in price, coins like Tether, Polkadot and Ripple went down in the last 24 hours.

Apart from this, Dogecoin recorded a decline for the second consecutive day. On Monday, its price had fallen by 4.58 percent. Similarly, a drop of 1.28 percent was seen in its price even today. Dodgecoin is currently priced at $0.17 (approximately Rs 13.58). Shiba Inu saw a decline of 4.25 percent a day ago while today its trade started with a gain of 4.64 percent. After which it currently remains at $ 0.0000032 (Rs 0.002427).

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