2021-12-20 11:36:56

Cryptocurrency prices today: Bitcoin, Ether lose momentum amid volatility

Cryptocurrency prices fell sharply over the past 24 hours due to high volatility in the virtual coin market. Check the latest cryptocurrency prices and trends.

Cryptocurrency prices fell sharply over the past 24 hours. (Photo: Reuters)

Prices of popular cryptocurrencies fell sharply over the past 24 hours due to higher volatility witnessed in the virtual coin market.

Bitcoin, the world’s most popular cryptocurrency, was trading at $45,848.37 or 2.37 per cent lower than its price 24 hours ago at 4:30 pm. Bitcoin’s market capitalisation has dipped to $866 billion and the 24-hour trade volume stood at 812 million.

Ether, the native token on the Ethereum platform, also fell sharply by nearly 3 per cent. The market capitalisation of Ether fell to $447.77 billion and the 24-hour trade volume stood at $720.12 million.

The trends among smaller cryptocurrencies remained mixed, with some gaining slight momentum and others falling sharply.

Commenting on the cryptocurrency market momentum, Edul Patel CEO and Co-founder of Mudrex a Global Algorithm-based Crypto Investment Platform, said, “The past 24 hours remained a volatile session for the cryptocurrency market.”

“The two largest cryptocurrencies by market capitalisation, Bitcoin and Ether, suffered a minor profit booking. The rest of the altcoins remained highly volatile with some of the top alt coins such as Ripple, Terra showing mild gains,” he added.

“The coming 24 hours would likely remain range-bound for the entire crypto spectrum.”

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)

Bitcoin

46,040.76

-2.30%

$866 billion

$812 million

Ether

3,808.10

-2.87%

$447 billion

$720 million

Dogecoin

0.163747

-4.36%

$21.69 billion

$649.68 million

Litecoin

147.52

-2.88%

$10.21 billion

$92.27 million

XRP

0.852226

3.20%

$85.21 billion

$4.04 billion

Cardano

1.22

-4.13%

$40.03 billion

$93.01 million

DISCLAIMER: The cryptocurrency prices have been updated as of 4:50 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.

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