Skip to main content

BTC, ETH See Miniscule Profits, Losses Strike Stablecoins Tether, USD Coin

Bitcoin on Friday, December 30, opened trading with a small profit of 0.08 percent. At the time of writing, BTC prices on national and international exchanges, stand at $16,585 (roughly Rs. 13.7 lakhs). From its last all-time high of $68,000 recorded last November, the year of 2022 pushed Bitcoin down the price ladder very drastically. Now, on the second last day of the year 2022, BTC has marked a significantly low value. The crypto price charts reflected reds next to greens as crypto prices fluctuated big time for most coins.

Ether saw a minor gain of 0.79 percent as it stepped into the trade arena. ETH, as per Gadgets 360's crypto price tracker, is currently priced $1,196 (roughly Rs. 99,020).

Like BTC, ETH also stooped dramatically low in terms of its value this year. Its last recorded all-time-high in November 2021, stood at around $4,890 (roughly Rs. 4.04 lakh).

Binance Coin, Polkadot, Litecoin, Uniswap, and Solana joined BTC and ETH in reeling-in minor gains.

Cosmos, Stellar, and Bitcoin SV also settled with small profits.

Both meme coins, Shiba Inu and Dogecoin also saw minor price hikes on the second-last day of 2022. While DOGE is priced $0.070 (roughly Rs. 5.80), SHIB price stands at $0.0000081 (roughly Rs. 0.000670).

It is noteworthy that, stablecoins pegged against the US dollar opened trade with losses today. These include Tether, USD Coin, Ripple, and Binance USD.

Other popular altcoins like Cardano, Polygon, Tron, Avalanche, and Wrapped Bitcoin also recorded price slashes.

The overall crypto market rose by 0.09 percent in the last 24 hours. As per CoinMarketCap, the global crypto market cap stands at $795.8 billion (roughly Rs. 65,87,835 crore).

Despite the ongoing crypto slump, industry players have not lost all hope.

Huobi crypto exchange for instance, has revealed its plans of soon bringing a card service, that would make fiat-to-crypto transactions efficient and just a tap away.

On the other hand, KuCoin Labs, the incubation arm of KuCoin crypto exchange has announced a special programme to help blockchain builders to create products and services in the metaverse, NFT, and the Gamefi sectors.

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.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 



from Gadgets 360 https://ift.tt/TmefsnM
Labels:

Comments

Post a Comment

Popular posts from this blog

Itel P55 With Dual Rear Cameras, 5,000mAh Battery Launched in India: Price, Specifications

Itel P55 5G was launched in India on Tuesday and it claims to be the cheapest 5G smartphone in the country. The phone is powered by an octa-core Dimensity chipset and supports wired fast charging. It carries an AI-powered dual rear camera unit and is offered in a single storage variant along with two colour options. Itel India also introduced the Itel S23+ alongside, and is a budget smartphone with a curved AMOLED display. The company is extending a two-year warranty on the handsets and is also offering free screen replacement within 100 days of purchase. Itel P55 5G price in India, availability Offered in Blue and Green colour options, the singular 8GB + 128GB variant of the Itel P55 5G is priced at Rs. 9,999. The phone will be available for purchase via Amazon India starting October 4. Itel P55 5G specifications, features Sporting a 6.6-inch HD+ (1600 x 700 pixels) display, the dual nano SIM-supported Itel P55 comes with a refresh rate of 90Hz. The phone is powered by an octa-co...
Post a Comment
Read more

The 53 Most Anticipated Movies of 2023

What are the biggest movies of 2023? From Hollywood, we are expecting nine DC and Marvel superhero movies. (After a long time, DC has more titles on the calendar than Marvel Studios). A new Ant-Man, Aquaman, Flash, Shazam, Captain Marvel, Spider-Verse, and Guardians of the Galaxy film is on the docket for 2023 — Jason Momoa, Brie Larson, Chris Pratt, and Paul Rudd jump into spandex again — along with the first Kraven and Blue Beetle movies. Speaking of firsts, Mario, Gran Turismo, and Dungeons & Dragons are looking to launch new franchises in 2023, with the help of Pratt, Chris Pine, and David Harbour. We even have a live-action Barbie movie, with Margot Robbie, on the way. Beyond that, we have a second Dune entry with Timothée Chalamet and Zendaya, a third entry in the Rocky spin-off Creed with Michael B. Jordan, the fourth John Wick film with Keanu Reeves, a fifth Indiana Jones movie with Harrison Ford, a seventh Transformers and Tom Cruise-led Mission: Impossible, and the tenth...
Post a Comment
Read more

Samsung Galaxy S24 Series Could Come With Exynos SoC in Europe, Galaxy S24 Ultra Storage Options Tipped

Samsung will reportedly launch the successor to the Galaxy S23 series early next year. While the smartphones are still months away from their debut, several rumours and leaks have revealed expected specifications and features of the purported Galaxy S24 series. The Galaxy S24 series will likely comprise a Galaxy S24, Galaxy S24+, and a Galaxy S24 Ultra. Now, details of the phones' processor and their storage options has been leaked online. The phones are tipped to get an Exynos processor in Europe. A new leak by tipster Ice Universe (@UniverseIce) revealed that the Galaxy S24 series will ship in Europe with the Exynos 2400 SoC with cores clocked at a speed of 3.16GHz, 2.9GHz, 2.6GHz, and 1.95GHz. Additionally, the tipster went on to reveal some more details about the purported smartphones. The Galaxy S24+ is said to come with a WQHD+ screen with 3120x1440 resolution whereas all three models will offer a peak brightness of 2,500 nits. The tipster has also teased the renders of...
Post a Comment
Read more