The total crypto market cap has decreased by seven percent, taking it to $2.25 trillion (roughly Rs. 1,68,42,950 crore) in the last 24 hours.
As the end of 2021 approaches, the performance of the cryptocurrency market has been filled with mixed signals. Bitcoin, for example, lost 2.03% of its value on Wednesday, December 29. On India’s CoinSwitch Kuber exchange, each Bitcoin crypto token trades at $ 51,794 (around Rs. 38.6 lakh). Over the past few days, Bitcoin prices have hovered around $ 53,000 (around Rs. 39.5 lakh) in India, a value that has clearly fallen. On international exchanges like Binance and CoinMarketCap, Bitcoin is trading at $ 50,212 (around Rs.37.5 lakh) today. Ether also followed Bitcoin on a weak track with a loss of 2.32%. Each Ether token is currently trading at $ 4,108 (around Rs. 3.07,000),
According to crypto price tracker Gadgets 360. This is the first time in days that Ether values have fallen below the 4 threshold. $ 200 (approx Rs. 3,13,666), affected by annual market movement. Cardano, Ripple, Polkadot, Dogecoin, and Shiba Inu among most other popular cryptocurrencies entered from the third to the last day of 2021 taking losses. Only a few cryptocurrencies, including Tether, USD Coin, Polygon, and Uniswap, managed to rise with marginal value changes.The global cryptocurrency market was hit by a bad time towards the end of the year. Total market capitalization also fell seven percent, taking it to $ 2.2 trillion (roughly Rs.16842.950 crore) in the past 24 hours, according to analysts at CoinMarketCap. Meanwhile, the crypto space maintains its popularity in India. A recent report, CoinSwitch Kuber said that of its growing user base of over 14 million Indians, most of the users are young and the
15% are female. With the global expansion of cryptocurrency culture, several countries are taking steps to tighten the noose around cryptocurrency-related cybercrimes. The UAE has passed reformed laws, resulting in prison terms of up to five years and a sentence of up to AED 1 million (roughly Rs 2 crore) for cryptocurrency crooks.
Cryptocurrency is an unregulated digital currency, not a 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 any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.