Crypto Charts Reflect Major Fluctuations as Bitcoin 30851 Ether Losses; Only a Few See Gains

The total crypto market cap has decreased by seven percent, taking it to $2.25 trillion (roughly Rs. 1,68,42,950 crore) in the last 24 hours. z34x

By Radhika Parashar | Updated: 29 December 2021 11:12 IST

Crypto Charts Reflect Major Fluctuations as Bitcoin, Ether Losses; Only a Few See Gains

Photo Credit: Pexels 5j5rf

Industry analysts predict a range-bound movement of majority cryptocurrencies in coming days

Highlights

Dogecoin, Shiba Inu continue loss streak
Polygon and Uniswap have ed gains
Crypto space dealing with a rough patch around year-end

ment

Inching closer to the end of 2021, the crypto market performance has been full of mixed signals. Bitcoin, for instance, dropped in value by 2.03 percent on Wednesday, December 29. On the Indian exchange CoinSwitch Kuber, each crypto token of Bitcoin is trading at $51,794 (roughly Rs. 38.6 lakh). In the past few days, Bitcoin prices had been hovering around $53,000 (roughly Rs. 39.5 lakh) in India, a value that has clearly dipped. On international exchanges such as Binance and CoinMarketCap, Bitcoin is trading at $50,212 (roughly Rs. 37.5 lakh) today.

crypto price tracker. This is the first time in days that Ether values dipped below the mark of $4,200 (roughly Rs. 3,13,666), impacted by the year-ender market movement.

cryptocurrencies stepped into the third last day of 2021 bearing losses.

Crypto 2021 — the Year That Was: Gains and Losses of Top Cryptocurrencies

Only a few cryptocurrencies including Uniswap managed to move upwards with marginal value changes.

The global crypto market has been hit by a rough patch around the year-end. The total market capitalisation has also decreased by seven percent, taking it to $2.25 trillion (roughly Rs. 1,68,42,950 crore) in the last 24 hours, as per CoinMarketCap.

Industry analysts have predicted a range-bound movement of majority cryptocurrencies for the days to come.

Meanwhile, the crypto space maintains its popularity in India. A recent report, CoinSwitch Kuber said that out of its growing base of over 14 million Indians, most s are young and 15 percent are women.

With the global expansion of the crypto culture, several nations are taking measures to tighten the noose around crypto-related cyber-crimes.

UAE has ed reformed laws, entailing prison time of up to five years as well as a penalty up to AED 1 million (roughly Rs. 2 crore) for crypto scammers.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Crypto Price

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More