Slight decline in Bitcoin, Ether, volatility continues in Crypto market

Bitcoin had a good start to December. But the last 24 hours did not prove beneficial for this. Bitcoin was trading at $59,941 (approximately Rs 44.96 lakh) on Indian exchange CoinSwitch Kuber, down 0.52 percent from its initial valuation after a 2.78 percent drop on the previous day. The most popular cryptocurrency is priced at $56,609 (about Rs 42.44 lakh) on global exchanges such as CoinMarketCap, where its price has fallen by 0.17 percent in the last 24 hours.

Ether fell 0.23 percent in 24 hours after trading the previous day. The world’s second largest cryptocurrency is currently priced at $4,811 (approximately Rs 3.61 lakh) on CoinSwitch Kuber, while the second largest cryptocurrency by market cap on global exchanges is pegged at $4,532 (approximately Rs 3.39 lakh). The coin has improved marginally by 0.23 percent in the last 24 hours. Gadgets 360’s cryptocurrency price tracker suggests that the Ethereum-based coin that hit a new all-time high earlier this week may have to wait a bit longer to reach that level.

Things are not looking great for altcoins either. However some crypto coins appear to be working hard against this declining tide. Tether, Chainlink, Ripple, Polkadot, Polygon, and Litecoin have all seen their values ​​drop over the past 24 hours. While Cardano, Cosmos, IOTA and Stellar are among the biggest gainers of the day. Privacy focused crypto-coin Monero saw a rise in price after falling 3% over the past week.

Mimecoin, Dogecoin and Shiba Inu saw their fortunes diverge in the last 24 hours. Dogecoin is currently trading at $0.22 (approximately Rs 16.66), up 0.62 per cent, while the Shiba Inu is trading at $0.000041 (approximately Rs 0.003084), down 3.36 per cent in the last 24 hours. Right now the price of cryptocurrencies continues to rise slightly and sometimes there is a slight decline. Therefore, no long guesses can be made about the market right now. For which digital currency the volatility of the market will bring profit and loss, it can be ascertained only in the coming days.