Lagatar24 Desk
Mumbai, Dec.28: The crypto market ended up fluctuating unfavourably for the majority of cryptocurrencies as a result of daily oscillations on Tuesday. Bitcoin is currently trading at $53,126 (approximately Rs. 39.7 lakh) on Indian market CoinSwitch Kuber, down 1.48 percent from the start of the day.
Bitcoin’s trading value fell by 2.54 percent on international exchanges such as Binance and CoinMarketCap, bringing it to $49,662. (roughly Rs. 37 lakh). This drop in the value of the world’s oldest cryptocurrency comes just one day after it made gains and surpassed the $50,000 mark (approximately Rs. 37.4 lakh) following days of lethargic movement.
On December 28, the value of Ether fell by 2.44 percent. The altcoin is currently selling at $4,209 (approximately Rs. 3.15 lakh) per token. Despite the minor drop, Ether’s value has remained stable, hovering around $4,200 (approximately Rs. 3.14 lakh) in recent months.
The bulk of other cryptocurrencies have seen drops, including Ripple, Polkadot, Dogecoin, Shiba Inu, and Polygon. Tether, Cardano, and USD Coin were among a select group of gainers.
According to CoinMarketCap, the worldwide crypto market capitalization increased to $2.39 trillion (approximately Rs. 1,80,02,836 crore) from $2.35 trillion (about Rs. 1,77,02,311 crore).
Crypto trade volume jumped to $75.03 billion (approximately Rs. 5,63,587 crore) this week, up from $72.62 billion (about Rs. 5,45,485 crore) before.
Meanwhile, crypto-related crimes have increased in India recently, prompting the Hyderabad Police Department to issue a warning. This happened when India is still debating whether or not to legalise crypto assets in the country.
On the international level, the puppy coin Shiba Inu surpassed Bitcoin and Ether to become the most popular cryptocurrency in 2021, according to the exchange CoinMarketCap.
