BTC Stays Above $17,000 Mark Despite Small Dip, Tiny Losses Hit Most Altcoins

Bitcoin opened with a small value dip of 0.44 percent to trade at the price point of $17,190 (roughly Rs. 14 lakh).

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 10 January 2023 11:23 IST

BTC Stays Above $17,000 Mark Despite Small Dip, Tiny Losses Hit Most Altcoins

Photo Credit: Unsplash/ Kanchanara

The global crypto market cap stands at $849.19 billion

Highlights

Tether, USD Coin saw losses
Dogecoin, Shiba Inu saw price dips
Cartesi, Spell Token minted profits

One day after Bitcoin and majority other cryptocurrencies reaped gains, the crypto price charts showed minor losses next to altcoins on Tuesday, January 10. Bitcoin opened with a small value dip of 0.44 percent to trade at the price point of $17,190 (roughly Rs. 14 lakh). Bitcoin maintained similar values on international exchanges such as Binance and CoinMarketCap among others. Today marks the second consecutive day of Bitcoin managing to retain its value over its resistance mark of $17,000 (roughly Rs. 13.9 lakh).

Ether grew in value by 0.60 percent today, not quite following Bitcoin's movement for a change. The current price of ETH stands at $1,321 (roughly Rs. 1.08 lakh), showed the crypto price tracker by Gadgets 360. In the last 24 hours, Ether has grown in price by $16 (roughly Rs. 1,314).

Losses struck stablecoins that minted profits one day ago. These include Tether, USD Coin, and Ripple.

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Cardano that grew by 19 percent and Solana that rose in value by 20 percent one day ago, both opened with losses today.

While Cardano value dropped by 5.64 percent, Solana fell by 1.48 percent.

Polygon, Litecoin, Polkadot, Tron, and Avalanche — all witnessed losses.

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They were joined by both popular meme coins, Shiba Inu and Dogecoin — both of which tumbled down the price ladder.

Relatively lesser talked-about cryptocurrencies like Leo, Bitcoin SV, Elrond, Zcash, and Dash also settled with losses.

The overall crypto market valuation slipped by 0.10 percent. As per CoinMarketCap, the market cap stood at $849.19 billion (roughly Rs. 69,95,173 crore) at the time of writing.

A few cryptocurrencies followed Ether and opened with profits today.

These include Binance USD, Uniswap, Bitcoin Cash, Iota, NEM, and Qtum.

Baby Doge Coin, Cartesi, Spell Token, and Augur also reeled-in small and significant gains.

The crypto sector is still struggling to overcome the ongoing market slump.

Amid the industrial slowdown, the number of Bitcoin ATM machines fell substantially in numbers between July 2022 and January 2023. In the last six months, only 94 Bitcoin ATM machines were installed in different parts of the world.

As per CoinATMRadar, before the crypto market slipped down last year, 4,169 BTC ATM machines were installed in the first six month of 2022.

Will crypto tax hurt the industry in India? 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, Cardano, Solana, Polygon, Litecoin, Polkadot, Tron, Avalanche, Shiba Inu, Dogecoin, Leo, Bitcoin SV, Elrond, Zcash, Dash, Binance USD, Uniswap, Bitcoin Cash, Iota, NEM, Qtum, Baby Doge Coin, Cartesi, Spell Token, Augur

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