Bitcoin prices rose along with ether and many other cryptocurrencies on Tuesday. Cryptocurrency price charts after a few days reflect profits for most digital assets. Bitcoin prices edged up 0.26 percent to trade at $26,087 (roughly Rs 2.15 lakh). The price of the world’s most widely used digital asset has not seen any significant changes over the past 24 hours. The most expensive cryptocurrency gained just $39 (roughly Rs 3,221) in the past 24 hours. Industry experts noted that since Monday, the cryptocurrency market has traded only sideways, with modest gains.
Ether prices rose 0.34% on Tuesday. ETH, the second most expensive crypto asset after bitcoin, traded at $1,653 (roughly 1.3 lakh rupees) on Tuesday.
“Bitcoin is facing an 11% month-to-date decline amid heightened selling pressure and a lack of fresh market drivers. There is no clear dominance of buyers or sellers, suggesting a possible sideways movement for Bitcoin, which will continue in the next few days. The price range is $25,900 (approximately Rs. 2.14 lakh) and $26,300 (approx. , Mudrex told Gadgets 360.
Despite Tuesday’s profits, both BTC and ETH failed to break lows, causing the assets to stall around $26,000 and $1,600, respectively, for weeks.
Other cryptocurrencies recording gains on Tuesday included Tether, Binance Coin, Ripple, USD Coin, Cardano, Dogecoin and Solana. Polkadot, Polygon, Shiba Inu, Litecoin, Avalanche, Stellar, Chainlink, and Uniswap also posted small gains today.
The overall market capitalization of cryptocurrencies rose 0.21 percent in the past 24 hours, but its valuation at $1.05 trillion (Rs 8,680,402 crore) remained unchanged from Monday, according to the data. coin market cap. The Crypto Fear and Greed Index is also unchanged from yesterday, remaining in the fear zone with a score of 39/100.
Meanwhile, a handful of cryptocurrencies did post losses on Tuesday. These include Tron, Bitcoin Cash, Leo, Qtum, Augur, and Circuits of Value.
“Investors will likely focus on PEPE and DYDX in the next few days. Although PEPE has recently been mired in negative news and the founding team dumped most of the market price on various exchanges, DYDX is about to launch its v4 – where the mainnet launch can offset what happens tomorrow Potential selling pressure from huge token unlocks (roughly 3.7% of circulating supply). Either way, volatility is to be expected,” Shubham Hudda, senior manager at CoinSwitch Markets Desk, told Gadgets 360.
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