Ethereum continues to fall while Bitcoin rises a bit

Ethereum continues to fall while Bitcoin rises a bit

While decentralised finance (DeFi) accounted for 17.23 percent of the trading volume at $15.86 billion, stablecoins made up 78.95 percent at $72.67 billion. Bitcoin’s market dominance rose 0.50 percent to 40.49 percent and it was trading at $41,984.69 in the morning. Bitcoin rose 1.25 percent to trade at Rs 33,98,681 while Ethereum tumbled 0.86 percent to Rs 2,54,107.3

Bitcoin increased by 1.25 percent to Rs 33,98,681, while Ethereum dropped by 0.86 percent to Rs 2,54,107.3. Dogecoin SHIB plummeted 1.54 percent to Rs 12.33, while Memecoin SHIB fell 3.55 percent. Terra (LUNA) fell 1.83 percent to Rs5,546.44 per share. The global crypto market capitalization declined 0.72 percent to $1.96 trillion in the last 24 hours, while trade volume plummeted by 33.59 percent to $92.04 billion on January 9.

 

Cardano dipped 1.61 percent to Rs 96.31 and Avalanche tumbled 0.97 percent to Rs 6,950. Polkadot tumbled 2.53 percent to Rs 1,974.91 and Litecoin rose 1 percent to Rs 10,657.89 over the last 24 hours. Tether was up 0.67 percent to Rs 80.99. Memecoin SHIB declined 3.55 percent, while Dogecoin fell 1.54 percent to trade at Rs 12.33. Terra (LUNA) dipped around 1.83 percent to Rs5,546.44

Per CoinMarketCap, a portal that tracks various cryptocurrencies, most cryptos have had a brutal new year. Only one of the top 20 cryptocurrencies by market cap has grown in price over the past seven days, namely Chainlink, which rose 20 percent over the week. All other top coins have posted double-digit percentage losses in the new year. IndiaTech, an industry association representing consumer internet startups and major cryptocurrency exchanges like CoinSwitch Kuber, WazirX and CoinDCX, has written to Finance Minister Nirmala Sitharaman, seeking clarity on crypto taxation in Union Budget 2022-23, reported ET.

Finance Minister Nirmala Sitharaman, seeking clarity on crypto taxation in Union Budget 2022-23, reported ET. The forum has appealed to the government to tweak existing tax laws to include crypto assets and sought clarity on the method of taxation and their disclosures. As of 9:15 am, these were the prices of various cryptocurrencies in the Indian market (Data from WazirX)

Following a rough day leading to a total crash, Bitcoin failed to grow in value even marginally on Friday, January 7. With a further value dip of 2.45 percent, the world’s most valued cryptocurrency is trading at $45,488 (roughly Rs. 33 lakh) on Indian exchange CoinSwitch Kuber. On January 6, Bitcoin trading closed in India at around $46,631 (roughly Rs. 34.6 lakh). On international exchanges as well, Bitcoin is struggling to cope. On Binance and Coinbase, each Bitcoin token is trading at around $41,741 (roughly Rs. 31,000) making it one of Bitcoin’s lowest values in recent times.

Ether tumbled by a substantial 7.40 percent dragging its trade value to around $3,516 (roughly Rs. 2.6 lakh) as per Gadgets 360’s crypto price tracker. The overall crypto chart emerged red after majority altcoins followed Bitcoin and Ether on the loss wagon.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Fresh Start Receives Certification for Its Grayson Health Clinic |  News
Fresh Start Receives Certification for Its Grayson Health Clinic | News
Visit freshstarthealth.com for more information. The KPCA produced a Grayson Fresh Start RHC video on YouTube. “They are always there for you, and they ...
Economic indicators flash early warning signal for India's recovery
AI-powered digital skills assessment start-up iMocha raises $14 million
“Without a skill assessment platform to help measure and scale their talent pool, businesses will quickly lose out on talented team members,” said Amit ...
|  Japan home medical support company Human Life Management gets Care24
| Japan home medical support company Human Life Management gets Care24
Post the acquisition, HLM and Care24 will closely work together to scale and strengthen medical service offerings in India and additionally expand to other ...
Shreveport Councilman Asks State to Investigate City Finance Department |  News
Shreveport Councilman Asks State to Investigate City Finance Department | News
Nickelson included with his letter the statement Hebert made Monday during a news conference.  “Last month, the city’s interim chief financial officer ...
These investment mistakes will cost you money
Lebanon’s 2022 budget is “an emergency budget” – Finance Minister
Our Standards: The Thomson Reuters Trust Principles. Register Register now for FREE unlimited access to Reuters.com Reporting by Laila Bassam, Writing by ...
Laser temporarily blinds medical helicopter crew
Laser temporarily blinds medical helicopter crew
The crew member is back on the job but has experienced lingering blindness in his peripheral vision, Morreale said. “They were able to safely land in our ...
US consumer protection agency adds stress on banks over fees
Now or never? European banks watch the comeback against Wall Street
“The need is becoming much more urgent for European banks to show what they truly stand for and how they’re going to differentiate themselves to create an ...
Elden Ring, a highly anticipated PS5 and PS4 action RPG, is Game Informer’s latest cover star
Elden Ring, a highly anticipated PS5 and PS4 action RPG, is Game Informer’s latest cover star
The blurb teases: “In our 18-page cover story, we take on the game’s first major boss, explore previously unrevealed areas of the open world, journey to the ...
BHEL, United Spirits, JSPL and other stocks in the news today
BHEL, United Spirits, JSPL and other stocks in the news today
Jindal Steel & Power: ICRA has upgraded its rating from A+ with ‘Positive’ outlook to AA- with ‘Stable’ outlook on the long term bank facilities and has ...
The Federal Reserve's aggressive stance aims to keep the yellow metal under pressure
The Federal Reserve’s aggressive stance aims to keep the yellow metal under pressure
Comex gold was trading 0.8 percent lower near $1,814 a troy ounce after a 1.2 percent decline the previous day. Gold has weakened as US dollar and bond ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo