Over the Past 24 Hours, Bitcoin Registers a Price Surge of $221 (Approximately Rs. 18,366).
Bitcoin on Wednesday, January 17 minted a small gain of 0.07 percent. At the time of writing, the oldest and most expensive crypto asset was trading at $42,846 (roughly Rs. 35.6 lakh) as shown by Gadgets360’s crypto price tracker. In the last 24 hours, Bitcoin has managed to spike in price by $221 (roughly Rs. 18,366). Market experts believe as long as Bitcoin manages to stay above the mark of $42,000 (roughly Rs. 34.9 lakh), it has a scope of rising price-wise, gradually.
Ether tailed behind BTC on the profit-making side of the crypto chart. With a minor gain of 1.64 percent, ETH is presently trading at $2,564 (roughly Rs. 2.13 lakh). With a rise of $2 (roughly Rs. 166), Ether price remains almost unchanged in the last 24 hours.
The last 24 hours witnessed quite a bit of profit booking from traders as Bitcoin almost fell below $42,000 (roughly Rs. 34.9 lakh). However, this steep decline was immediately followed by a bullish phase, taking the price as far as $43,500 (roughly Rs. 36.15 lakh) before consolidating just below the $43,000 (roughly Rs. 35.7 lakh) mark. As it stands, Bitcoin’s next resistance level stands at $43,918 (roughly Rs. 36.4 lakh), with the previous support level at $42,510 (roughly Rs. 35.3 lakh). Ethereum, on the other hand, has seen some steady gains, although its trading volume in the past 24 hours has soared by 30 percent.
“Tether, Solana, Ripple, USD Coin, Uniswap, Monero, and Chainlink Join BTC and ETH in Profitable Territory on the Crypto Chart.
On the flip side, cryptocurrencies such as Cardano, Avalanche, Dogecoin, Tron, and Polkadot are among those experiencing losses.
On Wednesday, Polygon, Shiba Inu, Litecoin, Bitcoin Cash, Cosmos, and Leo are among the cryptocurrencies trading with losses.
The entire crypto market experienced a 0.44 percent dip in the last 24 hours, currently valued at $1.69 trillion (approximately Rs. 1,40,46,544 crore) according to CoinMarketCap.
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.