Tech

Bitcoin, Ether prices drop as Shiba Inu, Stablecoins record profits


Bitcoin recorded a 1.50% loss on national and international exchanges on Friday, and the oldest cryptocurrency traded at $17,406 (about Rs 14.4 lakh). BTC, in the last 24 hours, has lost as much as $328 (approximately Rs 27,168) to trade at current prices. The cryptocurrency, so far in the past two months, has not been able to trade above $18,000 (about Rs 14.90). More losses than gains are seen on crypto price charts, as markets open for trading amid volatility on Friday.

ether move in line with Bitcoin and experience a price drop. With a loss of 1.50%, ETH is trading at $1,270 (about Rs 1.05), according to the report Cryptocurrency price tracker by Gadgets 360.

Most altcoins recorded small price drops on Friday. Including Binance Coins, Cardano, polygon, Litecoin, solana, Tron, Uniswapand avalanche.

The interesting way, Shiba Inu Mining profits and surpassing its opponents dogecoin see its price drop.

Shiba Inu has joined several stablecoins in terms of generating profits on crypto price charts. fastener, USDand Binance US Dollar reeling in profits on Friday.

polka dots, coin, Bitcoin SV, Zcashand New coin also make small but significant profits.

“Binance’s BNB token is under selling pressure (down 7%) as rumors continue to shake the idea of ​​a massive withdrawal from the platform. Meanwhile, OkX’s OKB token is the gain in Binance’s loss (up 9%), as it is one of the few remaining major crypto exchanges. One of the stocks that gained the most price of the week was Telegram’s TON (up ~30% last week) after their founder announced plans to launch a wallet and DEX,” Parth Chaturvedi, Crypto Ecosystem Lead, CoinSwitch told Gadgets 360.

The overall crypto market has dropped 1.30% in the past 24 hours. Currently, the total market value stands at $850 billion by CoinMarketCap.

Closer, CRE8, an index of Virtual Digital Assets (cryptocurrency) in Indian Rupees has dropped 2.1% in the past seven days. The Stat Value stands at Rs. 2,363.51 at 8 a.m., December 16, 2022. BTC and ETH continue to be the top assets by market capitalization,” noted Chaturvedi.


Cryptocurrency is an unregulated digital currency that is not a legal tender and is subject to market risk. The information provided in the article is not intended for and does not constitute financial advice, trading advice or any other advice or recommendation of any kind provided or endorsed by NDTV. NDTV will not be liable for any loss arising from any investment based on any recommendations, forecasts or any other information contained in the article.

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