The two most popular cryptocurrencies, Bitcoin and Ether, have experienced further falls in their pricing following weeks of mild dips in the charts. On December 28, Bitcoin started off the day down 1.27 percent. Although the loss % may appear insignificant, it did drive BTC prices considerably lower than the $16,858 level that the commodity had been able to retain for about two weeks (roughly Rs. 13.9 lakh). At the time of writing, the price of BTC is $16,627 (or roughly Rs. 13.7 lakh), down $231 (or roughly Rs. 19,136) from the previous day’s pricing.
After Bitcoin, Ether experienced a dramatic decline in price. According to Gadgets 360’s cryptocurrency price tracker, the digital currency is currently down 1.96 percent, selling at $1,196 (or around Rs. 99,156).
Today’s cryptocurrency openings were generally lower. These include Litecoin, Tron, Cardano, Polygon, and Polkadot.
Solana, Uniswap, Avalanche, Chainlink, Dogecoin, and Shiba Inu all reached loss settlements.
The current cryptocurrency market valuation is at an all-time low of $801 billion (roughly Rs. 66,42,614 crore).
According to CoinMarketCap, the value of the global cryptocurrency market decreased by 1.37 percent in the previous day.
Only a few alternative currencies, particularly stablecoins, managed to hold onto price increases.
Tether, USD Coin, Ripple, and Binance USD are a few of these.
Additionally making some money were Flex, LEO, Dogefi, Bitcoin Hedge, and Dogefi.
For the crypto industry, 2022 is coming to an end on a very depressing note, especially now that the COVID-19 crisis in China has started to influence global commerce and commercial operations.