As we enter the final week of 2024, most cryptocurrencies have registered gains on the price charts. Bitcoin showed a gain of over one percent over the last day on Monday, December 23. At the time of writing, BTC was trading at the price point of $95,661 (roughly Rs. 81.3 lakh) on global exchanges, showed crypto tracking site CoinMarketCap. On Indian exchanges like Giottus, meanwhile, the value of BTC reached $100,499 (roughly Rs. 85.4 lakh) after recording a minor loss of 2.86 percent over the last day.
Bitcoin began the week with optimism, reaching a new record high near $108,000, buoyed by positive statements from U.S. President Trump about the crypto’s potential as a reserve asset. However, the mood quickly soured midweek as the Federal Reserve’s hawkish stance triggered a significant pullback in the cryptocurrency market, and Bitcoin’s momentum stalled.
Ether mimicked Bitcoin’s price movement on Monday and registered a minor gain of under one percent. The price of ETH stood at $3,315 (roughly Rs. 2.81 lakh) on foreign exchanges at the time of writing. On Indian exchanges, the value of ETH hit 3,317 (roughly Rs. 2.82 lakh) after seeing a loss of 0.16 percent.
Tether, Ripple, Binance Coin, Solana, and Dogecoin clocked gains on Monday. Other altcoins that saw profits include Cardano, Tron, Avalanche, Chainlink alongside Stellar, Polkadot, Bitcoin Cash, and Litecoin also clocked gains. The overall crypto market cap rose by 0.17 percent in the last 24 hours. With this, the valuation of the sector has reached $3.3 trillion (roughly Rs. 2,80,71,268 crore).
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