As of 11:42 am IST, Bitcoin was trading at $101,739, down 0.8%, after hitting an intraday low of $100,103. Ethereum declined 0.7% to $3,248. The global crypto market cap saw a slight decline of 0.12%, falling to $3.51 trillion.
Other major altcoins also experienced declines on Tuesday. Solana dropped 2.5%, BNB 1%, XRP 0.4%, Dogecoin 6%, Hedera 4.36%, and Shiba Inu 3.3%. Meanwhile, newly launched tokens OFFICIAL TRUMP and Melania Coin plunged 44% and 62%, respectively.
On Monday, Bitcoin surged to a record high above $109,000 as Trump, who has indicated plans to deregulate the cryptocurrency sector, prepared for his inauguration as US President.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»«Bitcoin is consolidating near $102,000 after reaching a new all-time high, as Trump’s inauguration speech had no mention of Bitcoin,» said Edul Patel, CEO of Mudrex. «Currently, BTC’s resistance is at $104,600, with support at $100,500,» he added.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Sto