BTC Sees Small Gains, DOGE and SHIB Also Saw Profits
Bitcoin on Tuesday, November 29, opened with small gains of 0.20 percent. The month of November, which brought high ups and downs in the crypto market, is just one day away from wrapping up, leaving the crypto charts dressed in a balance of gains and losses. According to the Gadgets 360 crypto price tracker, BTC is currently valued at $16,250 (roughly Rs. 13 lakh). As it has been almost two weeks now, the oldest cryptocurrency remains close to this price point even on international exchanges such as Coinbase, Binance, and CoinMarketCap amid the ongoing decline of crypto.
Ether followed BTC and saw small gains of 0.64 percent. ETH is currently trading at $1,182 (roughly Rs. 96,465), the crypto price tracker by Gadgets 360 showed.
Surprisingly, Dogecoin and Shiba Inu, both made profits despite the bad market conditions.
While DOGE rose 6.24 percent to trade at $0.10 (roughly Rs. 8.28), SHIB rose 1.76 percent to trade at $0.0000091 (roughly Rs. 0.000746).
Other altcoins registering profits include Cardano, Polygon, Polkadot, Litecoin, Tron, Solana, Uniswap, and Avalanche.
Chainlink, Cosmos, Monero, and Stellar also recorded small but significant gains.
The total crypto market cap increased by 0.96 percent to stand at $826.74 billion (roughly Rs. 67,46,657 crore), data by CoinMarketCap shown.
Meanwhile, stablecoins like Tether, USD Coin, and Binance USD lost steam after reaping consecutive gains in the last few days.
LEO, Bitcoin Cash, Dogefi, and Bitcoin Hedge also experienced losses.
Despite the current market downturn, crypto supporters are not ready to back down from their loyalty to the digital asset industry.
In its latest report, the bank JP Morgan said that in the future, the crypto industry will merge with traditional currencies as the regulation increases.
El Salvador also decided to add one BTC each day to its treasury.
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.
