BTC 1d6p10 ETH, Majority Cryptocurrencies Witnessed Losses Today, Overall Market Sees Dip

Bitcoin’s current trading value stands at $16,825 (roughly Rs. 13.8 lakh). 3d654y

Written by Siddharth Suvarna | Updated: 8 December 2022 11:07 IST

BTC, ETH, Majority Cryptocurrencies Witnessed Losses Today, Overall Market Sees Dip

Photo Credit: Pixabay/ Sergei Tokmakov 5z514

At present, the global market valuation stands at $842.26 billion

Highlights

DOGE, SHIB saw losses
EOS Coin, Flex saw profits
Tether, Binance Coin saw losses

ment

The crypto price chart, on Thursday, December 8, was drenched in reds after more cryptocurrencies saw losses. Bitcoin value dropped by 1.37 percent as per Gadgets 360's crypto price tracker. On international exchanges like Binance and Coinbase as well, the digital asset slipped by the same margin. Overall, Bitcoin's current trading value stands at $16,825 (roughly Rs. 13.8 lakh). A day ago, BTC prices were higher by $163 (roughly Rs. 13,425). For weeks, BTC has been showing only a range-bound movement and experts do not see any sudden changes in its trajectory anytime soon.

Gadgets 360's tracker.

Polkadot — all opened with price dips.

Jack Dorsey’s Block Adds Funding to Kenyan BTC Mining Firm Gridless

Avalanche.

The overall crypto market fell by 1.45 percent in the last 24 hours. At present, the global market valuation stands at $842.26 billion (roughly Rs. 69,37,180 crore).

Meanwhile, only a small number of altcoins managed to see marginal profits today.

Nigeria Goes Bullish on CBDC Use, Bans Monthly ATM Withdrawals Over $225

These include Flex.

In the backdrop of constant market dips, crypto players are trying to attract the trust of investors to fetch back funds into the digital assets sector.

Binance, on December 7, published the first factual findings report outlining the status of its proof-of-reserves. The aim is to ensure its s that the exchange will be able to handle mass-withdrawals case of an emergency.

You can read the full report on #Binance's #BTC Proof of Reserves below.

Stay tuned as other tokens will be coming soon.

:arrow_right: https://t.co/3ICn9UPjYr
— Binance (@binance) December 7, 2022

Following the collapse of the decided to buy and invest in crypto firms that have been impacted by the market volatility.

The eventual intension is to help distressed firms get back on their feet and to have investors re-enter the trading arena.

What are the best smartphones you can buy in India in 2022? These are the phones we think stood out the most this year Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, 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.

links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Flex

Radhika Parashar

Email Radhika

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