Avalanche bucks market dip with Bitcoin, Ethereum and others in the dumps

Feb 11, 2022 By: BI India Bureau Credit: Canva

The crypto market is in the red

A result of the US inflation numbers being higher than expected

Currently Bitcoin is trading flat at ₹32.5 lakh after initially taking a hit

The cryptocurrency fell by 5 percent after the inflation numbers came out Credit: Canva

The only leading coin to buck the larger trend is Avalanche

It’s price is at ₹6,742 — up by 2.2 percent in the last 24 hours

In the last seven days, Avalanche has risen by 32 percent

But it’s still far from its all-time-high of ₹11.006

Meanwhile, Ethereum is trading at ₹2.3 lakh

Its price has taken a hit a 3.4 percent since yesterday Credit: Canva

Binance Coin is trading flat at ₹31,149

This is still 11.7 percent higher than seven day ago Credit: Canva

Cardano’s value stands at ₹85.63

It’s down by 2.7 percent since yesterday Credit: Canva

Solana is priced at ₹7,882

It has taken hit of 5.4 percent in the last 24 hours Credit: Canva

Terra’s LUNA token is trading at ₹3,940

The cryptocurrency is down by 5.8 percent over the course of the day Credit: Canva

Dogecoin is priced at ₹11.44

It’s down by 3 percent since yesterday Credit: Canva

Polkadot’s value stands at ₹1,532

It has taken a hit of 5.1 percent in the last 24 hours Credit: Canva

Disclaimer

These are the top cryptocurrencies by volume according to Coinbase | Prices updated as of February 11, 8:30 am IST and may change over the course of the day Credit: Canva

Bitcoin, Ethereum and others are on a high even as overall market value takes a hit