No Price Increases in BTC Most altcoins only see modest gains despite Christmas.


No Price Increases in BTC Most altcoins only see modest gains despite Christmas – On Monday, December 26, the overall cryptocurrency price chart showed modest increases next to the majority of cryptocurrencies but fell short of having a positive overall effect. For instance, the price of Bitcoin increased by 0.39 percent when trading began today. Its price is still at $16,857 as of this writing (roughly Rs. 13.9 lakh). Despite the holiday spirit, the oldest cryptocurrency also failed to notice any variations in market movement on global exchanges. Today, similar Bitcoin price trajectories were displayed by CoinMarketCap, Binance, and Coinbase.

On Monday, ether increased by 0.08 percent. Similar to Bitcoin, ETH prices remained at the levels they had before the weekend. ETH is currently trading at $1,220 according to Gadgets 360’s cryptocurrency price tracker (roughly Rs. 1.01 lakh).

“Over the last five days, the price of bitcoin has been rejected on both ends, showing a lack of consensus among market players. ETH doesn’t yet have enough power to make another move. With no bullish or bearish signals, it is trading in a small range. According to Edul Patel, CEO and Co-Founder of Mudrex, “We may see an upward move if both of these altcoins close above their current levels.”

Tron, Litecoin, Avalanche, Wrapped Bitcoin, Chainlink, Monero, and Cosmos also joined these altcoins on the profitable side of the cryptocurrency price chart.
According to data from CoinMarketCap, the value of the global cryptocurrency market increased by 0.06 percent to $811.95 billion (roughly Rs. 67,24,925 crore).
Numerous alternative coins, including Binance Coin, Solana, Uniswap, Leo, and Stellar, among others, experienced minor losses.
Shiba Inu and Dogecoin, two meme coins, experienced losses as well.
Several cryptocurrency exchanges, including KuCoin, Binance, CryptoCom, and Giottus among others, have been having their proof-of-reserves verified and audited in an effort to win back the trust of investors in cryptocurrencies.

However, representatives of the US Securities and Exchange Commission (SEC) have cautioned cryptocurrency investors not to blindly believe the internal audits of cryptocurrency firms.

Digital currencies like cryptocurrency are unregulated, not recognised as legal tender, and subject to market risks. The information in the article isn’t meant to be, and it doesn’t constitute, any kind of advice or recommendation from NDTV, whether it’s financial, trading, or otherwise. Any loss resulting from an investment made based on a perceived recommendation, forecast, or other information in the article is not the responsibility of NDTV.


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