Bitcoin, ETH Continue to See Price Dips, Most Altcoins Follow

Bitcoin on Tuesday, opened with a loss of two percent. At the time of writing, BTC is trading at $16,457 (roughly Rs. 13.6 lakh).

Advertisement
Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 20 December 2022 11:13 IST
Highlights
  • Dogecoin saw losses
  • Shiba Inu also recorded a value dip
  • Wrapped Bitcoin managed to see small profits
Bitcoin, ETH Continue to See Price Dips, Most Altcoins Follow

The current crypto market valuation stands at $810 billion

Photo Credit: Pexels

The crypto price chart reflected losses next to majority altcoins today. Bitcoin on Tuesday, opened with a loss of two percent. At the time of writing, BTC is trading at $16,457 (roughly Rs. 13.6 lakh). The oldest crypto asset also recorded losses on international exchanges. Binance and Coinbase showed BTC losing up to 1.30 percent from its value to trade at $16,664 (roughly Rs. 13.7 lakh). In the last 24 hours, BTC lost $263 (roughly Rs. 21,756) from its last day's opening value of $16,720 (roughly Rs. 13.8 lakh).

Ether also saw losses alongside Bitcoin. After losing 0.30 percent, ETH is currently trading at $1,184 (roughly Rs. 98,008).

Stablecoins such as Tether, USD Coin, and Binance USD — all witnessed losses.

These were joined by Binance Coin, Ripple, Cardano, Polygon, Polkadot, Tron, and Litecoin on the loss-making side of the price chart.

Dogecoin and Shiba Inu — the meme coins that witnessed investments from Indians this year — also failed to see any profits.

Amid the continuous daily losses hitting most cryptocurrencies, the overall crypto market valuation has been recording a sharp and unnerving decline.

The current crypto market valuation stands at $810 billion (roughly Rs. 67,061 crore), after having dropped down from the trillion-dollar mark following the collapse of the FTX crypto exchange.

Only a small number of cryptocurrencies opened with profits today. These include Wrapped Bitcoin, Chainlink, Monero, and Cosmos.

Advertisement

Despite the ongoing crypto slump, industry experts hold a positive sentiment for the sector's progress in 2023.

Advertisement

“In 2023, we can expect favourable macroeconomic conditions as central banks have hinted towards the relaxation of monetary policies and interest rates. Inflation will be a key factor in deciding the fate of financial markets across the globe. The crypto market will overcome the collapse of crypto giants like FTX and move towards a more mature phase with wiser investors and healthy regulations,” Shivam Thakral, CEO of Indian exchange BuyUcoin told Gadgets 360.


Is the Realme Pad X the budget ‘iPad' you're looking for? 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.

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.
 

Also seeCryptocurrency Prices across Indian exchanges

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.

Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus Pad 3 With 12,140mAh Battery Launched in India: Check Features
  2. OnePlus 13s Launched in India: Know Price, Specifications and More
  3. OnePlus 13s Review
  4. Oppo Teases Launch of New Smartphone in India; Could Be Reno 14
  5. Best Smartphones Under Rs 25,000 in India: Check List
  6. Nothing Headphone 1 to Launch Alongside Nothing Phone 3 on July 1
  7. OnePlus Pad 3 First Impressions
  8. Tecno Pova Curve 5G First Sale Starts Today in India: See Offers
  1. Hugging Face Releases SmolVLA Open Source AI Model For Robotics Workflows
  2. Redmi Pad 2 With 9,000mAh Battery, MediaTek Helio G100 Ultra Chip Launched: Price, Specifications
  3. Alphabet CEO Expects to Keep Hiring Engineers as AI Advances
  4. Amazon Said to Be Preparing to Test Humanoid Robots for Deliveries
  5. Google Doubles Gemini 2.5 Pro Rate Limit for Google AI Pro Subscribers
  6. Apple Said to Have Given iPhone Repair Business to Tata India as Partnership Expands
  7. Huawei Pura 80 Pro, Pura 80 Pro+ Design Teased; Pre-Reservation Begin
  8. Mistral Code AI-Powered Coding Assistant Introduced for Enterprise Developers
  9. Nothing Headphone 1 Launch Date Set for July 1, to Arrive Alongside Nothing Phone 3
  10. Ethereum Foundation Announces Overhauled Treasury Strategy Amid Scaling Push
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.