Bitcoin Price Drops Below $103 54475d 000 Amid Ongoing Market Uncertainty

The prices of most altcoins were down on global platforms alongside Bitcoin and Ether on Monday. 6l1xw

Written by David Delima | Updated: 19 May 2025 13:13 IST

Bitcoin Price Drops Below $103,000 Amid Ongoing Market Uncertainty

Photo Credit: Pixabay/ WorldSpectrum 494c1i

The current valuation of the crypto sector stands at $3.26 trillion

Highlights

Tether, Ripple saw losses
Dogecoin, Leo ed minor gains
Floki Inu, Iota also clocked small profits

ment

Bitcoin's price saw a slight price drop on Monday, as the values of most cryptocurrencies fell over the weekend. The price of the world's largest cryptocurrency dropped by less than one percent on international exchanges over the past 24 hours. At present, Bitcoin is trading at $102,845 (roughly Rs. 87.9 lakh) on global platforms, as per data by CoinMarketCap. The asset also followed a similar trajectory on Indian exchanges, where its price fell by 0.10 percent to trade at $105,595 (roughly Rs. 90.3 lakh) on platforms like CoinSwitch and CoinDCX.

The price of Ether fell by five percent over the past 24 hours. ETH was trading at $2,376 (roughly Rs. 2.03 lakh) on international exchanges on Monday. On Indian exchanges, Ether slipped by nearly five percent, and it is available at $2.08 lakh (roughly Rs. 2,435).

"Bitcoin has been consolidating within a tight range recently. Bulls are now attempting to push past the key resistance level at $105,820 (roughly Rs. 90.4 lakh). ing this momentum, both moving averages are trending upward, and the Relative Strength Index (RSI) remains in overbought territory — clear signals that buyers currently have the upper hand," the ZebPay Trade Desk told Gadgets 360. "BTC has strong at $100,000 (roughly Rs. 85.5 lakh) whereas $110,000 (roughly Rs. 94 lakh) will act as strong resistance."

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The Stellar.

Qtum were also affected by the market uncertainty, leading to their prices falling on Monday.

The overall crypto market cap slipped by 0.50 percent in the last 24 hours and currently stands at $3.26 trillion (roughly Rs. 2,78,59,422 crore), according to CoinMarketCap. "The crypto market remains range-bound. Meme coins are capturing retail attention and tokens like WIF, PEPE, and FLOKI dominate the narrative," Himanshu Maradiya, Founder and Chairman, CIFDAQ told Gadgets 360.

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Meanwhile, Augur managed to see small gains.

Analysts have advised investors to take informed decisions as market volatility prevails. "Adding to the bullish sentiment, several US and global companies have announced plans over the past three weeks to acquire Bitcoin and allocate it to their corporate treasuries. This reinforces institutional confidence in the asset," the ZebPay team added.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Zcash

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