Bitcoin, Ether, and most Altcoins strong as news of novel coronavirus variant shakes crypto market

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Bitcoin and other crypto coins have had a tough end to a scorching week as news of a new variant of COVID-19 sent market values ​​plummeting. Bitcoin is currently valued at $ 56,910 (around Rs. 42.6 lakh) on India’s CoinSwitch Kuber exchange, up 0.26% after falling sharply 7.92% on Friday. Global exchanges like CoinMarketCap surprisingly value the world’s most popular cryptocurrency at $ 57,276 (around Rs. 42.9 lakh), suggesting that Bitcoin has improved 5.5% in the past 24 hours. . Bitcoin suffered a very volatile November, with data from CoinGecko suggesting its valuation fell 7.3% in the past month.

Ether saw a similar drop to Bitcoin on Friday, plunging 9.34%. That said, the second most popular cryptocurrency has recovered 3.01% in the last 24 hours alone to be valued at $ 4,342 (around Rs. 3.25 lakh) on CoinSwitch Kuber while values ​​on the exchanges Global see the second largest crypto by market cap pegged marginally below $ 4,314.9 (around Rs. 3.23 lakh), where the recovery is significantly better at 6.85% in the past 24 hours. Gadgets 360’s cryptocurrency price tracker reveals that the native cryptocurrency of the Ethereum blockchain saw its value drop by around 7.3% over the past month, during which Ether also hit an all-time high. of $ 4,870 (approximately Rs. 3.61 lakh).

Overall, the market tracking looks positive at the time of publication with most popular altcoins highlighted in green. Cardano, Chainlink, Ripple, Polkadot and Litecoin have all gained in value over the past 24 hours, while Tether is down 3.66%.

Dogecoin and Shiba Inu meme coins have had a tough few weeks. Dogecoin is currently trading at $ 0.21 (around Rs. 15.54) down 0.91% in the past 24 hours, Shiba Inu is valued at $ 0.000039 (around Rs. 0.002946), in 3.97% increase in the last 24 hours. In terms of market capitalization, DOGE is still in the top 10, while SHIB has dropped to 12th place.

Bitcoin fell on Friday, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant variant of the coronavirus saw investors shed more risky assets for the perceived safety of bonds, the yen and the dollar.

Interested in cryptocurrency? We discuss all things 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 wherever you get your podcasts.

Cryptocurrency is unregulated digital currency, not legal tender and subject to market risk. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be liable for any loss resulting from any investment based on a perceived recommendation, forecast or any other information contained in the article.

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