Lagatar24 Desk
Mumbai, Jan 27: The cryptocurrency market has been fighting to recover since it fell after the Russian Central Bank proposed a ban. As January 2022 draws to a conclusion, market volatility continues to damage Bitcoin, as well as the gains of altcoins.
Bitcoin’s trading value on Indian platform CoinSwitch Kuber is $35,840 (approximately Rs. 25 lakh), down 4.50 percent. Bitcoin, the monarch of the cyber kingdom, has also seen losses on foreign markets. Each BTC token is currently trading at around $35,951 (around Rs. 25 lakh) on Binance and CoinMarketCap, with a 3.35 percent loss.
On Thursday, January 27, Ether, like Bitcoin, fell 3%. According to Gadgets 360’s crypto price tracker, Ether is currently selling at $2,595 (approximately Rs. 2 lakh).
More price drops in the two most valuable cryptocurrencies resulted in a loss for the crypto market as a whole.
Binance Coin, Cardano, Solana, Ripple, Polygon, and Polkadot have all dropped in value.
Since the beginning of the year, meme-based Dogecoin and Shiba Inu have shown no signs of recovery, continuing to lose money day after day.
Despite the crypto market’s typically bleak start today, only a handful altcoins managed to add some value to their prices.
With value increases of 0.33 percent, 0.25 percent, and 0.26 percent, respectively, Tether, USD Coin, and Binance USD entered the list of gainers.
