Lagatar24 Desk
Mumbai, Jan 19: Bitcoin’s losing trend extended on Wednesday, January 19, as it began with a 0.55 percent loss. On the Indian market CoinSwitch Kuber, the current Bitcoin trading price is $44,984 (approximately Rs. 33.5 lakh).
On international exchanges, the world’s oldest cryptocurrency has failed to acquire traction. Bitcoin’s value has declined 0.43 percent and 0.56 percent on CoinMarketCap and Binance, among other global exchanges. The most valuable cryptocurrency is currently trading at over $41,642 per coin (roughly Rs. 31.1 lakh).
Ether prices, like Bitcoin, have been affected by market movements. According to Gadgets 360’s crypto price tracker, Ether commenced trading at $3,352 (approximately Rs. 2.5 lakh) with a 2.23 percent loss. Ether’s last all-time high occurred in November 2021, when its price reached $4,643. (roughly Rs. 3.4 lakh).
Cardano, Ripple, Polkadot, and Polygon all saw their prices drop.
Shiba Inu and Dogecoin, two meme-based dog coins, have also been underwhelming in recent weeks. Neither of them made any advances today, either.
A few of cryptocurrencies made progress on the price charts in the third week of January, indicating a bulked-up entry.
Neo Price, a relatively unknown altcoin, topped the short list of gainers, increasing its value by 5.44 percent. The price of the token is presently $27. (roughly Rs. 2,043).
Tether and USD Coin received minor boosts as well.
The red dominance on the crypto charts, according to industry sources, is linked to the US considering methods to tighten the noose on crypto mining because to its high power consumption.
