Entering the third week of December, the crypto price charts failed to record a big rebound in terms of price. Bitcoin traded at $ 49,291 (approximately Rs. 37.5 lakhs) on Monday, December 20, a loss of 2.05% on the Indian currency CoinSwitch Kuber. At the moment, the price of bitcoin is lower than it was last week, exceeding the $ 50,000 (approximately Rs. 38 lakh) mark. In international exchanges such as Binance and CoinMarketCap, Bitcoin is currently priced at $ 46,775 (approximately Rs. 35.5 lakhs).
With a loss of 1.83 per cent, Ether traded at $ 4,128 (approximately Rs. 3 lakh) on Monday. According to Gadgets 360 crypto price tracker, Ether’s previous final value was $ 4,203 (approximately Rs. 3.2 lakhs).
The merging of the first two cryptocurrencies in Las Vegas, Cardano, Polcotode, Tokain, Shiba Inu and Polygon also recorded a slight decline in prices.
On the other hand, the tether, the US dollar, the ripple and the litcoin emerged as part of the smaller cryptocurrencies that appreciated.
At present, it is not clear whether the crypto market will offer any gifts to investors in the upcoming Christmas and New Year celebrations.
Last week, professionals predicted that the cryptocurrency market is currently plagued by fear and greed and will remain volatile in the coming days.
It is noteworthy that the crypto market is failing to accelerate despite the fact that many Fintech companies are implementing crypto gifting options this holiday season.
Jack Dorsey’s online payment companies Cash App and Black have integrated crypto support for applications that allow people to gift Bitcoin tokens to their friends and family for $ 1 (approximately Rs. 77).
In fact, stock and crypto trading platform Robinhood is expanding its services by adding the crypto gifting feature to its popular app. Yet in its beta version, Bloomberg recently announced that this feature is currently being tested.
Cryptocurrency is an unrestricted digital currency, not a legal tender and subject to market risks. The information contained in the article does not include financial advice, business advice or any kind of advice or recommendation provided or approved by NDTV. NDTV will not be liable for any loss incurred on any investment based on any recommended recommendation, forecast or any other information contained in the article.