Bitcoin 6f4b6y Ether See Gains on Crypto Price Charts; BTC Remains Under $17,000 Mark for Third Week

With a small profit of 0.70 percent, BTC is trading at the price point of $16,988 (roughly Rs. 14 lakh). 703d4j

Written by David Delima | Updated: 7 December 2022 10:37 IST

Bitcoin, Ether See Gains on Crypto Price Charts; BTC Remains Under $17,000 Mark for Third Week

Photo Credit: Pexels/ Roger Brown 6y2p6u

The crypto market valuation stands at $853 billion

Highlights

Ripple, Polygon saw gains
Uniswap, Chainlink ed losses
Solana saw dips

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The crypto market rallied with gains on Wednesday. With a small profit of 0.70 percent, BTC is trading at the price point of $16,988 (roughly Rs. 14 lakh), according to Gadgets 360's crypto price tracker. BTC also moved in a similar trajectory on international exchanges, such as Coinbase, Binance, and CoinMarketCap. Disappointingly for the market riders, it has been nearly three weeks since BTC has continued to trade below the mark of $17,000 (roughly Rs. 14.05 lakh).

price tracker shows.

Most cryptocurrencies reeled-in gains on Wednesday.

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Profit-making altcoins include Ripple.

Avalanche also witnessed minor profits.

Meanwhile, losses also reflected for some altcoins, such as the memecoins SHIB.

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Cosmos also saw losses on Wednesday.

The overall crypto market rose by a miniscule 0.01 percent in the last 24 hours. Its current valuation stands at $853 billion (roughly Rs. 70,46,895 crore), CoinMarketCap shows.

Several crypto firms have had to lay off chunks of their workforces over the past couple of weeks, to keep their respective businesses afloat. Singapore-based ByBit crypto exchange is the latest crypto exchange that announced a 30 percent reduction in its staff earlier this week.

To help the crypto market regain investors' trust, Goldman Sachs is reportedly looking to buy or invest in crypto firms that are struggling to overcome the aftermath of the FTX crypto collapse.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cosmos

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