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NRIPage | Articles | Crypto Market Sees Losses; Bitcoin and Ethereum Dip on December 30 | Get Health & Wellness Tips. Find tips on fitness, mental health, nutrition, and self-care - NRI Page
On December 30, the cryptocurrency market saw a decline in most assets, including Bitcoin, which experienced a minor dip of under one percent. According to CoinMarketCap, Bitcoin was trading at $93,197 (approximately Rs. 79.6 lakh) on international exchanges, while Indian exchanges such as Giottus and CoinDCX showed the price at around $101,719 (approximately Rs. 86.9 lakh). Despite the pullback, Bitcoin remained above its 200-day moving average, signaling strong buying interest. The next resistance for Bitcoin is at $96,600, while support remains at $92,800.
Ethereum, on the other hand, managed to hold onto minor profits. Trading at $3,396 (around Rs. 2.90 lakh) on international exchanges, it registered a gain of 0.42%. Indian exchanges reported a slightly higher price of $3,674 (around Rs. 3.14 lakh), with a gain of 1.15%. The positive performance of Ethereum reflects strong investor optimism driven by developments in decentralized finance and NFTs.
Other cryptocurrencies like Ripple, Solana, and Cardano, alongside meme coins such as Shiba Inu, also recorded losses. The overall market cap fell by 1.31%, standing at $3.29 trillion (roughly Rs. 2,81,33,743 crore).
Memecoins faced a significant decline in December, with their total market cap dropping by over 30%, signaling waning demand in the sector. However, some assets like Tether, Iota, Status, Braintrust, and Dogefi managed to retain profits amid the slowdown.
