Bitcoin price falls but other cryptocurrencies make gains | Check latest
India Today
Bitcoin was down by 1 per cent to $47,084.14 and Ethereum was down by 0.40 per cent to $3,397.27.
Bitcoin and Ethereum were down on Thursday even as other cryptocurrencies were trading in green, according to the coindesk.
The two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, were trading flat after making gains for a week.
Bitcoin was down by 1 per cent to $47,084.14 and Ethereum was down by 0.40 per cent to $3,397.27.
XRP is was down by 0.12 per cent, and Terra fell 0.18 per cent.
Solana rose 9.06 per cent, Cardano was up by 1 per cent, Avalanche was up by 6 per cent, Polkadot gained 1.6 per cent, Stellar was up by 2 per cent, Dogecoin made gain of 1.70 per cent and Shiba Inu was up by 2.36 per cent.
"Bitcoin and Ethereum traded flat for another consecutive day. Most of the cryptos are running in green early today. BTC is trying to break the resistance to reverse the downward trend," Edul Patel, CEO and Co-founder, Mudrex said.
"The initial resistance at US$48,000 can stall the price rally, while the upper resistance at US$50,000 can keep the buyers active for a period. Solana, Avalanche, Uniswap, TRON, VeChain, Helium have gained a decent amount. On the other hand, Zilliqa has gained nearly 67% over the last day for its series of developments." Patel said.
