Crypto Price Today: Bitcoin and Ether Remain Stagnant, Minimal Gains Seen in Market

The price of Bitcoin did not see any notable changes over the weekend. At the time of writing, the most expensive asset on the crypto chart was trading at $63,200 (around Rs. 52.8 lakh) on foreign exchanges such as CoinMarketCap, after seeing a decline of 0.26 %. Meanwhile, on Indian exchanges, the value of BTC is slightly higher at $68,540 (around Rs 57.2 lakh). Despite BTC’s prolonged poor performance on the price chart, the asset has recently been appreciated by billionaires like Jack Dorsey and Michael Dell, founder, chairman and CEO of Dell Technologies.

Ether fell 1.12 percent on Monday. With this, the price of Ether rose to $3,171 (approximately Rs. 2.65 lakh), as reported on Gadgets360. cryptocurrency price chart. The second most valuable crypto asset after BTC, ETH is currently trading at $3,423 (around Rs. 2.86 lakh) on international exchanges.

Currently, the dominance of BTC and ETH in the entire market stands at 54.1% and 18.2%, respectively. CoinMarketCap.

“According to media reports, the United States Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto and it remains to be seen whether the CFTC will consider charges against the company. The negative news showed an immediate impact on the crypto market since BTC and ETH Prices have fallen,” Shivam Thakral, CEO of BuyUcoin told Gadgets360.

Most cryptocurrencies recorded losses on Monday. These include Binance Coin, Solana, Dogecoin, Cardano, Shiba InuAnd avalanche.

Price cuts also took place Peas, Chain link, Close protocol, Polygon, Litecoin, Cosmos, StellarAnd Kronos among others.

“The market is expected to remain choppy in the coming weeks due to uncertain macroeconomic factors,” Thakral added.

The overall crypto market valuation fell by 2.06% in the last 24 hours. The market capitalization of the sector currently stands at $2.3 trillion (approximately Rs. 1,92,15,131 crore), according to CoinMarketCap.

Only a small number of cryptocurrencies have managed to generate profits. These include Tron, Uniswap, Leo, IotaAnd Brain confidence.

Market experts, however, believe that this stagnation in cryptocurrency prices will not last long.

“In a significant development, Standard Chartered, a major global bank, is establishing a spot trading desk for Bitcoin and Ethereum. The move reflects the growing institutional adoption of digital assets, with major financial institutions expanding their offerings of cryptography to meet growing demand.” the CoinSwitch Markets Desk told Gadgets360.

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