Bitcoin (BTC) Price Today in India: December 30, 2021

The crypto price charts reflected more losses than profits next to most cryptocurrencies on Monday, December 30. Bitcoin incurred a price dip of under a percent

Cryptocurrency price dips were observed on Monday, December 30, with the majority of crypto prices trading in the red zone, as per the crypto price charts. Bitcoin price fell marginally on international exchanges, according to CoinMarketCap. The oldest cryptocurrency was trading at $93,197 (roughly Rs. 79.6 lakh) at the time. On Indian exchanges, however, Bitcoin price slipped by over one percent. As noted by exchanges like Giottus and CoinDCX, the value of Bitcoin was around $101,719 (roughly Rs. 86.9 lakh).

“Despite the pullback over the weekend, BTC remained above its 200-day moving average showing strong buying interest at the lower levels. Moreover, the Relative Strength Index (RSI) is currently at 42 — indicating that BTC is neither overbought nor oversold. BTC’s next resistance stands at $96,600 while the support remains at the previous low of $92,800 (roughly Rs. 79.3 lakh),” Mudrex CEO Edul Patel told Gadgets 360.

Ether price managed to eke out minor gains on the price chart on Monday. As per CoinMarketCap, ETH is trading at $3,396 (roughly Rs. 2.90 lakh), after registering a minor gain of 0.42 percent over the last 24 hours. The asset followed a similar trajectory on national exchanges as well. As shown by CoinSwitch and CoinDCX for instance, the price of ETH has come to $3,674 (Roughly Rs. 3.14 lakh) with a profit of 1.15 percent.

“Ethereum has shown resilience in the market. This uptick reflects strong fundamentals as investors remain optimistic about the asset’s potential. Investors are optimistic about Ethereum’s growth trajectory, which is being driven by the latest developments in decentralised finance and non-fungible tokens. The overall market sentiment appears positive, with expectations of continued investment inflows and technological advancements to support Ethereum's position as a leading cryptocurrency,” Shivam Thakral, CEO of BuyUcoin told Gadgets 360.

The crypto price tracker by Gadgets 360 showed that Ripple, Solana, and Cardano emerged on the loss-making side of the crypto chart.

Tron, Avalanche, Chain link, and Shiba Inu also registered price dips alongside Bitcoin on Monday.

With the majority of crypto assets recording losses, the overall valuation of the market dipped by 1.31 percent in the last 24 hours. The crypto market cap, at the time of writing, stood at $3.29 trillion (roughly Rs. 2,81,33,743 crore), showed data by CoinMarketCap.

“Memecoins have been facing difficulties throughout December. Their total market cap fell from a peak of $137.06 billion (roughly Rs. 11,71,806 crore) to $92.67 billion (roughly Rs. 7,92,290 crore) by the month's end — a reduction of 32.38 percent. The steep plunge indicates a decrease in demand and a possible slowdown in the momentum of the meme token industry,” Avinash Shekhar, Co-Founder and CEO, Pi42 told Gadgets 360.

Despite the overall market slowdown, some crypto prices managed to retain profits. These included Tether, Iota, Status, Braintrust, and Dogefi.