Crypto Quill

The cryptocurrency market remains relatively stagnant, with Bitcoin (BTC) and Ether (ETH) showing minimal gains. Here’s a breakdown of the current situation:

Despite recent attention from prominent figures like Jack Dorsey and Michael Dell, Bitcoin’s price has seen little movement. Meanwhile, Ether has experienced a slight decline.

Bitcoin’s Price

• BTC is trading at $63,200 (approximately Rs. 52.8 lakh) on foreign exchanges like CoinMarketCap, with a 0.26% drop.
• On Indian exchanges, BTC is slightly higher at $68,540 (approximately Rs. 57.2 lakh).

Ether’s Performance

• Ether fell by 1.12% on Monday, bringing its price to $3,171 (approximately Rs. 2.65 lakh) on Gadgets360’s crypto price chart.
• Internationally, ETH is trading at $3,423 (approximately Rs. 2.86 lakh).

Market Trends

• Most cryptocurrencies experienced losses, including Binance Coin, Solana, Dogecoin, Cardano, Shiba Inu, and Avalanche.
• Price dips also affected Polkadot, Chainlink, Near Protocol, Polygon, Litecoin, Cosmos, Stellar, and Cronos, among others.

The crypto market’s overall valuation dropped by 2.06% in the last 24 hours, with a total market cap of $2.3 trillion (approximately Rs. 1,92,15,131 crore).

Only a few cryptocurrencies managed to see profits, including Tron, Uniswap, Leo, Iota, and Braintrust.