BTC, ETH Grab Profits, Most Cryptocurrencies Swell Amid Market Volatility

BTC had failed to break out of the $16,000 (roughly Rs. 13 lakh) price point for the last two weeks.

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 24 November 2022 11:01 IST

BTC, ETH Grab Profits, Most Cryptocurrencies Swell Amid Market Volatility

Photo Credit: Unsplash/ Jonathan Borba

The valuation of the global crypto sector stands at $838.91 billion

Highlights

The crypto market has been below its trillion-dollar valuation for two we
Near Protocol saw losses
Binance Coin saw profits

The overall crypto price charts showed profits after majority coins opened trading with greens. Bitcoin stepped into the trading arena with a profit of 0.67 percent. As per the crypto price tracker by Gadgets 360, BTC is currently trading around the price point of $16,677 (roughly Rs. 13.6 lakh). Even on international exchanges like Coinbase and Binance, BTC stuck to the similar price point and registered small growths. BTC has failed to break out of the $16,000 (roughly Rs. 13 lakh) price point for the last two weeks at least.

Ether also swelled in value after BTC registered gains. With a profit of 3.21 percent, ETH is trading at $1,198 (roughly Rs. 97,970).

A bunch of altcoins registered profits along with BTC and ETH. These include Binance Coin, Ripple, Cardano, Polygon, Polkadot, and Solana.

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As for loss-making cryptocurrencies, stablecoins did make it to the list.

Binance USD, USD Coin, and Tether, all dealt with losses.

In addition, Litecoin, Monero, Bitcoin Cash, and Near Protocol also recorded value dips.

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The global crypto market cap rose by 1.93 percent in the last 24 hours. At present, the valuation of the global crypto sector stands at $838.91 billion (roughly Rs. 68,55,465 crore), as per CoinMarketCap. Despite the market volatility, crypto players have not lost all hope.

Indian exchange CoinSwitch Kuber, for instance, launched its new multi-exchange trading platform that aims to allow users to trade crypto assets in local currency across multiple exchanges with a single login.

Meanwhile, Shiba Inu has been approached by the World Economic Forum (WEF) to join it in drafting policies around the metaverse that would work on a global level.

Apple unveiled eight new products at its September 'Far Out' event. Which ones will float — and which will sink? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Binance Coin, Ripple, Cardano, Solana, Polygon, Polkadot, Binance USD, USD Coin, Tether, Litecoin, Monero, Bitcoin Cash, Near Protocol

Radhika Parashar

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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