Bitcoin, Ether trading mostly flat after a healthy upturn on Sunday, Terra Shines

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Bitcoin started the year with a decline of several months, but saw a small upswing on Sunday when we saw a 2.37 percent jump in value on the Indian stock exchanges. However, at the time of writing, Bitcoin’s value hasn’t moved much, trading at $ 45,931 (roughly Rs 34.05 lakh) and is down just 0.49 percent on Indian exchanges like CoinSwitch Kuber in the past 24 hours. Meanwhile, the world’s most popular cryptocurrency is priced at $ 42,149 (roughly 31.24 lakh) on global exchanges, up 0.22 percent over the past 24 hours.

Ether, the second largest cryptocurrency by market capitalization, did even better on Sunday. The Ethereum-based cryptocurrency recorded an increase of 3.48 percent over the course of the day and does not allow the momentum to slide into the new week. At the time of publication, Ether is valued at $ 3,463 (about 2.57 rupees) on CoinSwitch Kuber, while values ​​on global exchanges are valued at $ 3,173 (about $ 2.35), where the coin is up 1.14 percent has increased in the past 24 hours. The spike results in Ether’s performance improving slightly over the past week, but still down a whopping 17 percent in value.

Gadgets 360’s cryptocurrency price tracker shows a somewhat mixed mix in terms of performance for most of the more popular altcoins. Ripple, Cardano and Litecoin all continue their downward movement in red. Polygon, Chainlink, Polkadot and Uniswap are all seeing a strong green boost, while Terra, a staunch supporter of the public blockchain and decentralized financial (DeFi) ecosystem, appears to be the biggest winner in the past 24 hours.

Meme Coins had a pretty positive run over the weekend too, but didn’t quite keep the momentum going. Dogecoin is currently valued at $ 0.16 (around 12.31 rupees) while Shiba Inu is valued at $ 0.000031 (around 0.002316 rupees). The value of SHIB is down 15.7 percent over the past week, while Dogecoin is down 13 percent.

Bitcoin’s value has fallen over 10 percent in the past week, according to CoinGecko, despite the fact that the cryptocurrency was historically weak in the first month of a year.

The new year has only disappointed crypto investors so far. Only one of the top 20 cryptocurrencies by market capitalization has risen in price in the past seven days. That honor goes to Chainlink, which is up more than 28 percent, according to CoinGecko. Most of the top coins have seen double-digit percentage losses since the start of the year.

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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