Bitcoin, Ether, More Cryptocurrencies Open With Losses; DOGE, SHIB See Gains

In the last 10 days, the total crypto market capitalisation has risen to $1.86 trillion (roughly Rs. 1,41,00,900 crore).

Bitcoin, Ether, More Cryptocurrencies Open With Losses; DOGE, SHIB See Gains

Photo Credit: Unsplash/ Quantitatives.io

Crypto analysts foresee a healthy growth of the overall sector

Highlights
  • Tether, USD Coin see gains
  • Solana registered losses
  • Crypto analysts see a healthy future

Majority cryptocurrencies opened with losses on Monday, February 14. Bitcoin incurred a loss of 0.82 percent and opened trading at $44,528 (roughly Rs. 33.5 lakh) on Indian exchange CoinSwitch Kuber. Last week proved to be fruitful for Bitcoin as the crypto asset managed to take its value over $45,000 (roughly Rs. 34 lakh) after weeks of struggle. BTC did, however, see losses of around 0.94 percent on international exchanges today. Each token is trading at around $41, 906 (roughly Rs. 31.5 lakh) on Binance, CoinMarketCap, and Coinbase.

Registering a loss of 1.96 percent, Ether also did not mark a strong start to the beginning of the new week. Following Bitcoin, ETH prices fell by 2.13 percent. The crypto asset is currently priced $3,041 (roughly Rs. 2.30 lakh) on Gadgets 360's crypto price chart.

Despite minor losses, both BTC as well as ETH are in a better position this month in terms of daily trading value.

The overall crypto chart, however, looks slightly tensed with minor losses having dented majority altcoins.

Popular cryptocurrencies like Binance Coin, Ripple, Cardano, Solana, and Polkadot among others saw small losses.

Surprisingly, meme-based Dogecoin and Shiba Inu saw 0.48 percent and 1.39 percent gains in their values, respectively.

Currently, DOGE is trading at $0.15 (roughly Rs. 11.5) while SHIB value is around $0.000031 (roughly Rs. 0.002335).

The SHIB coin has been seeing small gains since the start of this month, especially after its anonymous makers recently announced its first upcoming metaverse project that will auction “Shiba Lands” as a virtual real estate project.

Tether and USD Coin have also emerged as gainers on the crypto charts today.

Crypto analysts foresee a healthy growth of the overall sector. “Retail investments into crypto are also ramping up. With the growing demand, legitimacy and impact that digital assets have on the global market, there continues to be shared optimism and support in the sector, cementing crypto's position in the long-term,” the research team at CoinSCX told Gadgets 360.

US financial authorities are likely to bring in policies sooner than later, to disrupt risk appetites associated with the crypto market.

Meanwhile, Uber has expressed inclination towards accepting crypto payments “at some point.”

As per CoinMarketCap, the total market capitalisation has also risen to $1.86 trillion (roughly Rs. 1,41,00,900 crore) from $1.72 trillion (roughly Rs. 1,28,63,420 crore) that was recorded on February 4.


Do Samsung's Galaxy S22 and Tab S8 series have any Android competition? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More
Moon Knight Is 'Loud', 'Brutal,' and Will 'Not Pull Back', Kevin Feige Says
Share on Facebook Tweet Snapchat Share Reddit Comment

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.