Crypto Price Today: Bitcoin posts minor decline for the first time in recent days, most altcoins trade in profits

On Friday, December 8, the price of Bitcoin recorded its first minor decline in several days. The oldest, most expensive cryptocurrency is trading at a price point of $43,448 (approximately Rs 36.2 lakh) at the time of writing. The price of Bitcoin has fallen by $ 544 (about Rs 45,355) in the last 24 hours. Despite this minor setback, Bitcoin has received praise from market experts after demonstrating a growth of 14 percent month-on-month and an impressive 162 percent growth year-on-year.

Ether’s value increased by 4.65 percent, taking a different trajectory than Bitcoin. The crypto asset is currently trading at $2,367 (approximately Rs 1.97 lakh). In the last 24 hours, the value of ETH has increased by $117 (approximately Rs 9,754).

“It seems that the altcoin sector is giving tough competition to the crypto king Bitcoin. If we look at 24-hour data, Ethereum has outperformed Bitcoin by about six percent, while other altcoins like ADA, SOL, and MATIC have seen a significant jump in their prices. “The current market momentum is expected to be sustained due to positive macroeconomic factors,” Shivam Thakral, CEO of BuyUcoin, told Gadgets360.

Most cryptocurrencies are trailing Ether today and finding themselves on the profit-making side of the crypto price chart.

Profits were seen in Binance Coin, Ripple, Solana, Cardano, Avalanche and Chainlink.

Polygon, Polkadot, Shiba Inu, Leo, Stellar and Monero are also trading in gains.

In the last 24 hours, the total valuation of the crypto sector increased by 0.52 percent to its current level of $1.61 trillion (approximately Rs 134,22,046 crore). coinmarketcap,

“Ethereum and Solana have achieved their highest valuation levels since May 2022, reflecting a clear upward trajectory in their market performance. Overall, the market looks bullish with positive optimism as most HODLers have no intention of selling anytime soon. “US employment data is also expected to be released today,” Edul Patel, co-founder and CEO of Mudrex, told Gadgets360.

Meanwhile, cryptocurrencies with losses today include USD Coin, Dogecoin, Tron, Chronos, Near Protocol and Status.

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

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