Bitcoin on Friday, December 30th, opened trades with a small profit of 0.08%. At the time of writing, the price of BTC on domestic and international exchanges stands at $16,585 (approximately Rs 13.7 lakh). From the last all-time high of $68,000 recorded last November, 2022 has pushed Bitcoin down the price ladder very sharply. Now, on the second last day of 2022, BTC has marked a significantly low value. Cryptocurrency price charts reflect red next to green as crypto prices fluctuate widely for most coins.
Prefer BTC, ETH has also dropped significantly in value this year. Its most recent recorded all-time high was in November 2021, at around $4,890 (about Rs 4.04).
Both meme coins, Shiba Inu and Dogecoin also saw small price spikes on the second last day of 2022. While DOGE was priced at Rs 0.070 (about Rs 5.8), SHIB price was at $0.00000081 (approximately 0.00067). Rupees).
The overall crypto market has gained 0.09% in the past 24 hours. Follow CoinMarketCapthe global crypto market cap stands at $795.8 billion (approximately Rs 65,87,835).
Despite the continued decline of cryptocurrencies, industry players have not given up hope.
Cryptocurrency Exchange Huobi for example, has revealed plans to launch a card service soon, which will make fiat-to-crypto transactions efficient and just one tap away.
On the other hand, KuCoin Labs, the incubator arm of Cryptocurrency Exchange KuCoin announced a special program to help blockchain builders create products and services in the field of metaverse, NFT and Gamefi.
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.
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