BTC Price Falls Below $16,000 Mark, ETH Sees Slow Growth Due to Losses

A number of stablecoins as well as other altcoins, settled with losses today.

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 22 November 2022 10:58 IST

BTC Price Falls Below $16,000 Mark, ETH Sees Slow Growth Due to Losses

Photo Credit: Pixabay/ WorldSpectrum

The valuation of the global crypto market stands at $788.84 billion

Highlights

While DOGE saw gains, Shiba Inu settled with losses
Chainlink, Cosmos saw profits
Bitcoin Cash saw gains

The fluctuations in the crypto market are proving to be profitable for some tokens and concern-worthy for others. Bitcoin, for instance, has failed to see any profits in around the last twelve days. On Tuesday, November 22, Bitcoin opened trading with a loss of nearly one percent. As per the crypto price tracker by Gadgets 360, BTC is trading around the price point of $15,810 (roughly Rs. 12.9 lakh). On international exchanges as well, Bitcoin is trading at a similar price point.

Ether followed BTC's market movement and recorded a fall of 1.10 percent in its prices. At present, ETH is trading at $1,100 (roughly Rs. 89,957), shows the crypto price tracker by Gadgets 360.

A number of stablecoins as well as other altcoins, settled with losses today.

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These include Tether, USD Coin, Binance Coin, Binance USD, and Polkadot.

On the other hand, several cryptocurrencies reflected greens next to them indicating at profits.

These include Ripple, Cardano, Dogecoin, Polygon, Tron, and Solana.

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Chainlink, Cosmos, Bitcoin Cash, and Near Protocol — all bagged gains.

In an interesting turn of events, the Bitcoin Cash cryptocurrency has been named to become an official payment mode in the island nation of Saint Kitts and Nevis, located in the Caribbean region. This process of officiating BCH could take as long as March next year.

The global crypto market cap dropped down by 0.93 percent in the last 24 hours.

As per CoinMarketCap, the valuation of the global crypto market stands at $788.84 billion (roughly Rs. 64,41,797 crore).

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Tether, USD Coin, Binance Coin, Binance USD, Polkadot, Ripple, Cardano, Dogecoin, Polygon, Tron, Solana, Chainlink, Cosmos, Bitcoin Cash, Near Protocol

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