Bitcoin, Ether Trade mostly flat after healthy rebound on Sunday, Terra shines

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Bitcoin started the year on a multi-month decline, but rebounded slightly on Sunday when we saw a 2.37% increase in value on Indian exchanges. As of this writing, Bitcoin’s value has not moved much, standing at $ 45,931 (around Rs. 34.05 lakh) and down just 0.49% in the past 24 hours. on Indian exchanges like CoinSwitch Kuber. Meanwhile, on global stock exchanges, the price of the world’s most popular cryptocurrency stands at $ 42,149 (around Rs. 31.24 lakh), up 0.22% over the past 24 hours. time.

Ether, the second-largest cryptocurrency by market cap, did even better on Sunday. The Ethereum-based cryptocurrency saw a 3.48% increase during the day and didn’t let the momentum slip into the new week. At the time of publication, Ether is valued at $ 3,463 (around Rs. 2.57 lakh) on CoinSwitch Kuber while stocks on global exchanges see the crypto pegged at $ 3,173 (around Rs. 2.35 lakh) , where the coin has seen a 1.14% rise in the past 24 hours. The surge sees Ether’s performance improving slightly, but still down 17% in value over the past week.

Gadgets 360’s cryptocurrency price tracker reveals a bit of a mixed bag in terms of performance for many of the more well-known altcoins. Ripple, Cardano and Litecoin all continue their descent in red. Polygon, Chainlink, Polkadot, and Uniswap all see a strong push in green, while public blockchain and decentralized finance (DeFi) ecosystem mainstay Terra appears to be the biggest winner in the past 24 hours.

The meme pieces also had a pretty positive run throughout the weekend, but didn’t quite keep up the momentum. Dogecoin is currently valued at $ 0.16 (around Rs. 12.31), while Shiba Inu is valued at $ 0.000031 (around Rs. 0.002316). The value of SHIB has fallen 15.7% over the past week, while Dogecoin is down 13%.

According to CoinGecko, the value of Bitcoin has fallen by more than 10% over the past week, even though the cryptocurrency has been historically weak in the first month of the year.

The new year has so far brought nothing but disappointment to crypto investors. The price of just one of the top 20 cryptocurrencies by market cap has risen in the past seven days. That honor goes to Chainlink, which is up more than 28%, according to CoinGecko. Most of the top coins have posted double-digit percentage losses since the start of the year.

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 any perceived recommendation, forecast or any other information contained in the article.

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