Bitcoin and Ether Remain Stagnant, Crypto Market Sees Minor Losses

The cryptocurrency market saw minimal gains today as Bitcoin and Ether remained largely stagnant. Bitcoin is currently trading at $63,200 (roughly Rs. 52.8 lakh)

Cryptocurrency prices today: Bitcoin, Ether largely stagnant, majority cryptocurrencies experience losses. Bitcoin price in India and on international exchanges, and its recent performance.

The cryptocurrency market saw minimal gains today as Bitcoin and Ether remained largely stagnant. Bitcoin is currently trading at $63,200 (roughly Rs. 52.8 lakh) on international exchanges like CoinMarketCap, experiencing a minor drop of 0.26 percent on Monday. On Indian exchanges, BTC holds a slightly higher value at $68,540 (roughly Rs. 57.2 lakh). Despite Bitcoin’s recent lackluster performance, it has garnered praise from notable figures like Jack Dorsey and Michael Dell.

Ether also saw a decline, tumbling by 1.12 percent on Monday to a price point of $3,171 (roughly Rs. 2.65 lakh), according to Gadgets360’s crypto price chart. On international platforms, ETH is trading at $3,423 (roughly Rs. 2.86 lakh).

As of now, Bitcoin and Ether dominate the crypto market with shares of 54.1 percent and 18.2 percent, respectively, as reported by CoinMarketCap. The market remains sensitive to macroeconomic factors and regulatory news, such as the US Commodity Futures Trading Commission (CFTC) investigation into Jump Crypto. This news caused immediate dips in BTC and ETH prices.

Most cryptocurrencies experienced losses on Monday, including:

Solana (1.83%)

Cardano (1.07%)

Dogecoin (1.43%)

Tron (1.97%)

Ripple (0.83%)

Other notable cryptocurrencies like Polkadot, Chainlink, Near Protocol, Polygon, Litecoin, Cosmos, Stellar, and Cronos also faced price declines. The overall crypto market valuation dropped by 2.06 percent in the last 24 hours, bringing the total market cap to $2.3 trillion (roughly Rs. 1,92,15,131 crore).

A few cryptocurrencies managed to see profits despite the overall market downturn. These include:

Binance Coin (0.43%)

Uniswap (1.03%)

Hedera (0.83%)

Market experts believe that the current stagnation in cryptocurrency prices is temporary. According to Shivam Thakral, CEO of BuyUcoin, the market is expected to remain volatile in the coming weeks due to uncertain macroeconomic factors. However, there is potential for significant changes ahead.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-ether-remain-stagnant-crypto-market-minor-losses.html

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