Bitcoin, Ether See Small Losses, Most Altcoins Tumble Down Price Charts

While BTC is trading at $40,163 (roughly Rs. 30.5 lakh) on global exchange platforms, ETH values are close to $3,182 (roughly Rs. 2.5 lakh).

By Radhika Parashar | Updated: 15 April 2022 11:03 IST

Bitcoin, Ether See Small Losses, Most Altcoins Tumble Down Price Charts

Photo Credit: Pixabay/ WorldSpectrum

The global crypto industry is currently valued at $1.87 trillion (roughly Rs. 1,43,46,905 crore)

Highlights

Terra, Avalanche saw losses
DOGE witnessed profits, SHIB fell in value
Polkadot roped in gains

Majority of cryptocurrencies opened with losses on Friday, April 15, following small losses incurred by Bitcoin. The reigning cryptocurrency started trading at $42,146 (roughly Rs. 32 lakh) after a loss of 1.87 percent as per Indian exchange CoinSwitch Kuber. Bitcoin saw comparatively even larger losses on international exchanges. On Binance and Coinbase for instance, BTC values dropped by around 2.57 percent. The cryptocurrency is trading at $40,163 (roughly Rs. 30.5 lakh) on global exchange platforms.

Ether, just like Bitcoin stepped into Friday with a loss of 1.80 percent in India. As per Gadgets 360's crypto price tracker, Ether opened trading priced at $3,182 (roughly Rs. 2.5 lakh).

ETH saw losses on international exchanges as well. On CoinMarketCap for instance, ETH values reached $3,037 (roughly Rs. 2.34 lakh) after dropping by 2.35 percent.

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Most altcoins joined BTC and ETH in reeling-in losses. These include Binance Coin, Solana, Cardano, Terra, and Avalanche.

While Shiba Inu dropped down in value, its rival Dogecoin managed to register small gains.

A few other altcoins also held on to their greens with small profits. Most of these were stablecoins.

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Tether, USD Coin, Ripple, Polkadot, and Binance USD emerged among gainers on the crypto charts.

Despite the small losses, the overall crypto market cap seems on an upward movement after a brief halt. As per CoinMarketCap, the global crypto industry is currently valued at $1.87 trillion (roughly Rs. 1,43,46,905 crore).

More nations are accelerating efforts to regulate the crypto industry and curb its volatile movement.

Brazil, for instance, may get its crypto laws within the first half of 2022 itself.

Mexican senator Indrea Kempis has also formally introduced a bill to include virtual assets as currency that can circulate in Mexico.

Why are they still making more Harry Potter? 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.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Binance Coin, Solana, Cardano, Terra, Avaanche, Shiba Inu, Dogecoin, Tether, USD Coin, Ripple, Polkadot

Radhika Parashar

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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