BTC, ETH Prices Drop With Losses, Stablecoins Manage To See Profits
Market volatility has clearly not taken a break from the crypto sector, since the crypto exchange FTX suffered a severe fall last week. Bitcoin on Thursday, November 17, opened with a drop in price. As per Gadgets 360’s crypto price tracker, BTC prices fell by 1.15 percent to trade at $16,688 (about Rs. 13.5 lakh). Even in international trading, Bitcoin failed to register any profit. According to Binance and Coinbase, BTC prices are hovering around the same price point after showing a loss of around 1.15 percent.
Ether followed Bitcoin to the losing side of the crypto charts. After registering a 3.05 percent loss, ETH is currently trading at $1,218 (roughly Rs. 99,208), the crypto price tracker by Gadgets 360 showed.
Currently, most cryptocurrencies are trading at a loss, which can gradually attract investors to buy dips.
Binance Coin, Cardano, Polygon, and Polkadot – all entered the trading arena today with small, but big losses.
Dogecoin and Shiba Inu also suffered losses alongside Tron, Uniswap, Litecoin, and Alalanche.
Only a handful of cryptocurrencies, especially stablecoins, have been able to see gains today.
These include Tether, USD Coin, and Binance USD.
Altcoins such as Solana, LEO, Monero, and Bitcoin Cash also made gains.
The overall crypto market is down 2.13 percent in the last 24 hours, according to CoinMarketCap,
The total crypto valuation currently stands at a yearly low of $831.86 billion (approximately Rs. 67,75,522 crore).
Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or other advice or recommendations of any kind provided or endorsed by NDTV. NDTV shall not be liable for any loss arising from any investment based on any implied recommendation, forecast or other information contained in the article.
