Crypto Price Charts See Minor Losses, Bitcoin Remains Close to $48,000-Mark Regardless

While BTC continues to hover close to the mark of $50,000 (roughly Rs. 38 lakh), ETH also seems to be inching towards $3,500 (roughly Rs. 2.65 lakh).

By Radhika Parashar | Updated: 31 March 2022 11:27 IST

Crypto Price Charts See Minor Losses, Bitcoin Remains Close to $48,000-Mark Regardless

Photo Credit: Pexels/ Worldspectrum

Current market cap of the crypto sector stands at $2.14 trillion (roughly Rs. 1,62,77,490 crore)

Highlights

Binance Coin, Solana saw gains
Tether, Ripple see losses
Tether, Terra lose steam

The month of March catapulted Bitcoin above the price range of $45,000 (roughly Rs. 34 lakh) for the first time in 2022. Bitcoin, on March 31, Thursday, opened with a loss of 2.18 percent. As per Indian exchange CoinSwitch Kuber, BTC's trading value currently stands at $47,718 (roughly Rs. 36 lakh). The world's most valued cryptocurrency registered negligibly smaller dips on international platforms. With a loss of around 0.11 percent, Bitcoin prices are around $47,306 (roughly Rs. 35.80 lakh) on exchanges such as Binance and Coinbase.

Ether mimicked Bitcoin's trajectory and saw miniscule losses on both, national and international exchanges.

ETH prices fell by 0.76 percent to bring its value at $3,450 (roughly Rs. 2.5 lakh), as per Gadgets 360's crypto price tracker. On foreign exchanges such as CoinMarketCap, ETH actually grew by around one percent, taking its trade value to $3,400 (roughly Rs. 2 lakh).

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

Overall, the crypto price charts appeared more green than red.

Binance Coin, Solana, Avalanche, Polkadot, and Polygon saw some gains.

Dogecoin and Shiba Inu both saw minor gains.

On the other hand, Tether, USD Coin, Ripple, Cardano, and Terra sunk on the loss-end of the price charts.

Opera's Crypto Browser to Support Solana, Polygon, Ronin Networks

Industry experts are relieved that BTC's exponential gains have pushed away the fear and greed index that had been impacting the market negatively.

“On a longer-run perspective, crypto continues to see strong interest by individuals and institutions globally, with the number of public crypto funds surging up to 119 as of Jan 2022 — there were just 4 such funds five years ago,” the research team at Indian exchange CoinDCX told Gadgets 360.

Meanwhile, more nations are joining the list of those putting crypto regulations in place.

Le Minh Khai, the deputy prime minister of Vietnam has directed the country's finance ministry to draft regulatory laws for the digital assets sector.

India, Australia, Dubai, and Brazil have already taken their respective first steps towards making the crypto sector adhere to their respective laws.

As per CoinMarketCap, the current market cap of the crypto sector stands at $2.14 trillion (roughly Rs. 1,62,77,490 crore).

Will the 2022 iPhone SE sink or swim? 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 X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

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

Radhika Parashar

Email Radhika

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