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Today’s cryptocurrency prices: Bitcoin is down 2% amid significant volatility, while Ether is up 2%

Following a selloff on Monday, cryptocurrency prices fell Tuesday as the virtual coin market’s volatility remained strong. The round of profit booking has also resulted in a 3% decline in the market capitalization of the virtual coin.

Market Watch

Bitcoin, the world’s most popular cryptocurrency, has dropped below $47,000 after briefly approaching $49,000 yesterday.

Bitcoin’s market capitalization has plummeted to $887 billion, down more than 1.60 percent from its last high. The 24-hour trade volume, on the other hand, is still low at $1.09 billion.

Ether, on the other hand, is up 2.08 percent from a day earlier. Ether is the only prominent digital currency that has increased in value in the previous 24 hours. At 11:10 a.m., Ether was trading at $3,237, with a market capitalization of $379.39 billion.

During Tuesday’s trading session, certain virtual currencies, including Polkadot, Uniswap, and Chainlink, rose, while a greater number of virtual coins, such as XRP, Cardano, Dogecoin, Stellar, and Polygon, sank.

Expert Comments

“Bitcoin made a push towards the $49,000 level early in the session yesterday,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the weak momentum. The markets, on the other hand, moved into profit-taking mode, and BTC dropped further, hovering around $47,000.”

He said, “The whole crypto market felt following this selloff, and the market capitalization plummeted roughly 3%.”

“The crypto spectrum is expected to continue volatile in the following 24 hours.”

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin47,155.29-1.74%$886.61$1.09 billion
Ether3,237.562.14%$379.38$1.22 billion
Dogecoin0.273005-2.70%$35.75$1.34 billion
Litecoin169.15-1.84%$11.57$2.22 billion
XRP1.12-0.64%$112.02$3.62 billion
Cardano2.77-2.19%$89.53$4.21 billion

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.