The market volatility has clearly been relentless for the crypto sector, ever since crypto exchange FTX suffered a massive drop around last week. Bitcoin on Thursday, November 17th opens at a discount. According to the Gadgets 360 crypto price tracker, BTC price dropped 1.15% to trade at $16,688 (approximately Rs 13.5 lakh). Even on international exchanges, Bitcoin has not recorded any profits. According to Binance and Coinbase, BTC value is hovering around a similar price point after reflecting a loss of around 1.15%.
ether followed Bitcoin on the losing side of the crypto charts. After recording a 3.05% loss, ETH is currently trading at $1,218 (approximately Rs 99,208). Cryptocurrency price tracker represented by Gadgets 360.
Currently, the majority of cryptocurrencies are trading at a loss, which may gradually entice investors to buy.
Binance Coins, Cardano, polygonand polka dots — all entered the trading arena today with small but significant losses.
Dogecoin and Shiba Inu also struggling with losses next to Tron, Uniswap, Litecoinand Aalanche.
Only a handful of cryptocurrencies, especially stablecoins, have been able to post gains today.
Including fastener, USDand Binance US Dollar.
Altcoins like solana, LION, coinand bitcoin cash also reeling in profits.
The overall crypto market has dropped 2.13% in the past 24 hours, according to CoinMarketCap.
Total crypto valuation is currently at a yearly low of $831.86 billion (approximately Rs 67,75,522).
Cryptocurrency is an unregulated digital currency that is not legal tender and subject to market risk. The information provided in the article is not intended 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.
