Crypto Price Today: Bitcoin, Ether See Losses as Christmas Ushers 2023 into Finale Week, Altcoins Remain Volatile

Between December 22 and Monday, the value of BTC has reduced by $1,306 (roughly Rs. 1.98 lakh).

Written by Radhika Parashar | Updated: 25 December 2023 11:38 IST

Crypto Price Today: Bitcoin, Ether See Losses as Christmas Ushers 2023 into Finale Week, Altcoins Remain Volatile

Photo Credit: Pixabay/ Petre Barlea

The crypto sector valuation stood at $1.66 trillion as of Monday, December 25

Highlights

Litecoin, Bitcoin Cash recorded losses
Dogecoin, Shiba Inu also recorded dips
Uniswap, Zscash recorded profits

The Christmas cheer does not seem to be working out quite so magically for the crypto sector, as many altcoins on Monday, December 25 reflected losses on the price chart. Bitcoin registered a loss of 0.09 percent to trade at the price point of $42,906 (roughly Rs. 35 lakh). Over the weekend, Bitcoin pricing did see a dent owing to market volatility and the ongoing holiday season. Between December 22 and Monday, the value of BTC has reduced by $1,306 (roughly Rs. 1.98 lakh).

Ether followed Bitcoin to see price dips on Monday. The asset is trading at $2,264 (roughly Rs. 1.88 lakh) after incurring a loss of 0.39 percent. ETH price dipped by $11 (roughly Rs. 915) over the weekend.

Alongside BTC and ETH, other cryptocurrencies that are trading in losses on Monday include Ripple, Cardano, Dogecoin, Shiba Inu, Litecoin, and Bitcoin Cash.

Coinbase Can Now Operate as a Virtual Asset Services Provider in France

Leo, Stellar, and Cronos also registered value slashes in addition to Binance USD and Bitcoin SV

The overall crypto market cap of the crypto sector dipped by 1.30 percent in the last 24 hours. At the time of writing, the crypto sector valuation stood at $1.66 trillion (roughly Rs. 138,06,635 crore), as per CoinMarketCap.

Meanwhile, some cryptocurrencies trading in profits today include Uniswap, Near Protocol, Zcash, Iota, and Augur.

Elon Musk to Add Payment Features to X Soon; No Word on Crypto Support

In retrospect, the members of the Indian crypto players have appreciated the overall growth of the crypto sector.

"The crypto market performance in 2023 has been really impressive. The total market capitalisation has increased by around 60 percent year-to-date. This growth was driven by factors like institutional adoption, DeFi's rise, and NFT popularity. Bitcoin, the world's largest digital asset by market cap is up by 155 percent at the time of writing, which makes Bitcoin one of the the best performing asset class of 2023," Shivam Thakral, CEO of BuyUcoin told Gadgets360.

"I think we will see a crypto super cycle in 2024. The mega events like Bitcoin Halving and ETF approval anticipation will play a key role in driving the momentum of crypto assets. US monetary policy and subsequent decisions on the interest rates by the US Fed will have a sign," he added.

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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.

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Cryptocurrency, Bitcoin, Ether, Qutm, Wrapped Bitcoin, Zcash, Tether, USD Coin, Ripple, Binance USD, Binance Coin, Cardano, Polygon, Solana, Polkadot, Dogecoin, Shiba Inu, Litecoin, Uniswap, Tron, Monero, Dash, Bitcoin Cash, Flex, Cartesi, Braintrust, Kishu Inu, Circuits of Value

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More