Bitcoin, Avalanche and Terra gain in a tepid crypto market

Dec 21, 2021 By: BI India Bureau Credit: Canva

The crypto market is taking a breather

After yesterday’s red flash, most coins are trading flat

Bitcoin is up by 1.5 percent in the last 24 hours

It’s currently trading at $47,317

The world’s most popular cryptocurrency has been testing lower lows…

Since it hit at all-time-high of $69,000 in November

The bearish sentiment weighs heavy with regulatory uncertainty in the air

Bitcoin's value is dependent on its supply and the demand for it. Beyond that, the cryptocurrency's availability and rewards for mining also has an impact.

Ethereum is up by 1.31 percent as compared to yesterday

It’s currently trading at $3,951

Meanwhile, Binance Coin down by 0.64 percent

The exchange-based coin is priced at $523 Credit: Canva

Solana is down by 2.53 percent since yesterday

The ‘Ethereum Killer’ is worth $173 apiece Credit: Canva

Cardano is up by 0.9 percent

It’s currently trading at $1.24

The two tokens bucking all the uncertainty are Terra and Avalanche

Terra is currently at $113

It’s up by 7.5 percent since yesterday Credit: Canva

Meanwhile, Avalanche is at $113

It’s up by 8.24 percent in the last 24 hours

Polkadot down by 1.7 percent at $24.12

It has temporarily been nudged out of for the top 10 cryptocurrencies by market cap

Dogecoin is struggling too, with a price of $0.1677

It’s down by by 0.92 percent in the last 24 hours

Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of December 21, 9.30 am IST and may change over the course of the day. Credit: Canva

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