Crypto price chart lights up amid festivities as Bitcoin, the majority of altcoins, appreciates in value

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One day before Christmas, the crypto market entered December 24th and brought gifts early on for investors. After days of sluggish performance, Bitcoin started the day by gaining 4.55 percent in value, climbing to $ 53,305 (about 40 lakhs) on India’s CoinSwitch Kuber. This is the first time in days that Bitcoin has managed to break the $ 51,000 mark (about 38 lakh). On international exchanges such as CoinMarketCap and Binance, Bitcoin is trading at around USD 50,973 (approximately Rs. 38 lakh).

Ether also ushered in the happy season together with Bitcoin and gained 2.37 percent. Currently, Ether is trading at $ 4,285 (roughly Rs. 3.2 lakh) per token, according to Gadgets 360’s crypto price tracker.

Cardano, Polkadot, Dogecoin, and Shiba Inu, among most of the altcoins, have brightened the crypto charts.

Among a handful of cryptocurrencies that seem to be missing out on the festive mood right now, Tether, Ripple, USD Coin, and Polygon saw minor drops.

“With the weekend approaching, retailers should exercise caution in aggressive trades. The small amounts whales support could easily manipulate the market, ”Edul Patel, CEO and co-founder of crypto investment firm Mudrex, told Gadgets 360.

In the meantime, the generally weak sentiment towards the crypto sector seems to have taken a breather in the middle of the holidays.

Crypto exchanges are busy adding more altcoins to their portfolios for traders to trade with.

Internationally, several crypto companies have added Bitcoin gift features to encourage more people to invest in the cryptocurrency and also to bring their friends and families into space.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts. Cryptocurrency is an unregulated digital currency, not legal tender, and is subject to market risks. The information provided in this article is not intended as financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for losses that may arise from an investment based on perceived recommendations, forecasts or other information contained in the article.

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