Cryptocurrency Price Today: Bitcoin, Ether See Losses; Altcoins Solana, Cardano follow suit

Bitcoin entered the last week of January 2024, trading at losses. On Monday 22 January the asset recorded a loss of 1.72%. This brought its trading value to $40,955 (approximately Rs. 34 lakh). Over the weekend, the value of BTC fell by $50 (around Rs. 4,155). After showing a stellar performance in an upward trajectory in the last two months of 2023, the price of Bitcoin collapsed around its current price a few days into January. Although the United States has approved 11 BTC ETFs, the asset has not seen any surge in its price.

Ether Prices fell by 2.28% on Monday, as shown in Crypto price tracker by Gadgets360. Ether, at the time of writing, stands at $2,417 (around Rs. 2 lakh).

“Over the weekend, Bitcoin held its ground at $41,000 (around Rs. 34 lakh) amid a challenging tug-of-war between bulls and bears for market dominance. With BTC trading above the $40,000 zone (around Rs. 33.2 lakh), indications point towards a possible sideways trend. In contrast, Ethereum is currently valued at $2,400 (around Rs. 1.99 lakh) and a failure by the bulls to push above the $2,500 level (around Rs. 2.07 lakh) could lead to Ethereum falling below $ 2,400 (approximately Rs. 1.99 lakh) this week. ” Edul Patel, CEO of Mudrex, told Gadgets360.

Bind, Cardan, Solana, Ripple, Avalanche, TronAND Polka dot at the same time they also recorded drops in prices Currency in USD, LeoAND Uniswap.

“However, with every slight downward movement in BTC, the altcoins started to bleed as the ETH/BTC pair also failed to stay above the 0.06 Bitcoin per Ethereum mark. With many interesting altcoins such as Arbitrum ( ARB, -4%) currently trading at trendline support, Monday hours in the U.S. would be very crucial to see what direction the market will take this week,” the CoinSwitch Markets Desk told Gadgets360.

The overall cryptocurrency market capitalization has plummeted by 1.78% in the last 24 hours and currently stands at $1.61 trillion (approximately Rs. 1,33,80,146 crore). CoinMarketCap.

In the meantime Litecoin, Leo, IotaAND Qtum managed to record small gains.

Dogemoneta, saw a notable increase of more than 10% after X (formerly Twitter) hinted at the upcoming launch of a payment service. The current price of DOGE stands at $0.083 (approximately Rs. 6.87).

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