Current Crypto Prices: Bitcoin Shows Continued Growth, While Many Altcoins Experience Losses

Bitcoin Sees a $1,160 Surge in Value in the Last 24 Hours.

Bitcoin on Tuesday, December 5 marched ahead on the price ladder and registered a fresher nineteen-month high for itself. With a profit of 2.59 percent, Bitcoin is presently trading at the price point of $41,738 (roughly Rs. 34.8 lakh). In the last 24 hours, the value of Bitcoin has risen by $1,160 (roughly Rs. 96,728). Bitcoin’s market dominance has also risen over the last day and it currently stands at 53 percent. Key resistance levels for the asset includes $42,600 (roughly Rs. 35.5 lakh) and $44,000 (roughly Rs. 36.6 lakh).

Ether tailed behind Bitcoin on the profit-making side of the price chart on Tuesday. The price point of Ether did not change too significantly over the last day. Currently, ETH is trading at $2,228 (roughly Rs. 1.85 lakh). Its major resistance point is estimated to be at $2,230 (roughly Rs. 1.85 lakh).

Tether, Binance Coin, USD Coin, Dogecoin, Avalanche, and Shiba Inu are trading in the greens today alongside BTC and ETH.

Minor profits were also reflected today by Monero, Cronos, Near Protocol, and Binance USD.

With a rise of 0.99 percent in the last 24 hours, the crypto market cap, as of November 15, stands at $1.54 trillion (roughly Rs. 128,40,627 crore).

“The popular meme cryptocurrency, Dogecoin, has surpassed its horizontal resistance at $0.087, gaining momentum. Several factors, including its upcoming 10th anniversary on December 8 and mentions on Tesla’s Cybertruck, are anticipated to boost its popularity among investors. Another significant event for Dogecoin is the impending launch of the DOGE-1 satellite mission to the moon by SpaceX, scheduled for January. The CoinSwitch Markets Desk suggests that the next resistance level for DOGE is currently at $0.11 (approximately Rs. 9.17).

However, other prominent cryptocurrencies such as Bitcoin Cash, Cosmos, and Stellar are experiencing losses, along with Ripple, Solana, Cardano, Tron, and Chainlink. Market analysts caution investors to exercise prudence when dealing with crypto assets during this bullish phase.”

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.