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Cryptocurrency prices today: Bitcoin, Ether lose momentum as virtual coin market


Popular cryptocurrency prices lost momentum on Monday after rebounding throughout the weekend. At the moment, trends in the broader crypto market remain mixed as trading momentum remains weak.

Bitcoin, the world’s most popular cryptocurrency, fell marginally today after rebounding during the weekend. Bitcoin was trading at $47,958, up over 1.17 per cent from its price 24 hours ago at 1:35 pm.

The market capitalisation of the cryptocurrency remains above $900 billion. However, the trading volume has remained weak at $616 million. At the same time, volatility remains high.

Ether, which is the second-most popular cryptocurrency, has also fallen over the past 24 hours. It is trading at $3,179 or nearly per cent lower than its price a day ago.

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The market capitalisation of Ether has also fallen to $372.59 billion. Like Bitcoin, the trading volumes for Ether have remained low in the past 24 hours.

Popular altcoins such as XRP, Cardano, Dogecoin, Stellar, Polkadot, Uniswap, Chainlink, Polygon and Litecoin also remained weaker than their valuation 24 hours ago.

Lower trading activity seems to be the main reason why the cryptocurrency market slightly lost momentum today. However, the momentum may rise today due to some positive developments including Cuba’s intention to regulate cryptocurrency use.

Cuba said it would authorise and regulate the use of cryptocurrency for “reasons of socioeconomic interest”.

Meanwhile, the first cryptocurrency ATM has been opened in Honduras as Bitcoin backers sought to spur demand for virtual assets after neighbouring El Salvador became the first country to establish Bitcoin as legal tender.

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

47,895.15

-1.46%

$900.48

$616.19 million

Ether

3,183.89

-0.99%

$373.08

$385.34 million

Dogecoin

0.281625

-0.59%

$36.87

$1.36 billion

Litecoin

173.50

-3.67%

$11.87

$2.02 billion

XRP

1.14

-0.64%

$113.71

$3 billion

Cardano

2.82

-0.50%

$91.31

$4.35 billion

DISCLAIMER: The cryptocurrency prices have been updated as of 11:50 am and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.



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