Current Cryptocurrency Price: As Christmas 2023 ushers in Finale Week, Bitcoin and Ether See Losses, While Altcoins Remain Volatile

The cryptocurrency market does not seem to be benefiting from the holiday joy as numerous cryptocurrencies saw price chart losses on Monday, December 25. Bitcoin had a 0.09 percent decline in value, closing at $42,906 (about Rs. 35 lakh). Due to the current Christmas season and market volatility, Bitcoin prices did suffer over the weekend. On December 22nd, the price of Bitcoin dropped by $1,306 (about Rs. 1.98 lakh).

On Monday, Ether’s price declined in step with that of Bitcoin. The asset has lost 0.39 percent and is now trading at $2,264, or around Rs. 1.88 lakh. The price of ETH fell over the weekend by $11, or around Rs. 915.

Other cryptocurrencies that are down on Monday include Ripple, Cardano, Dogecoin, Shiba Inu, Litecoin, and Bitcoin Cash in addition to BTC and ETH.

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In addition to Binance USD and Bitcoin SV, Leo, Stellar, and Cronos all had value reductions.

In the last day, the total market capitalization of the cryptocurrency industry fell by 1.30 percent. According to CoinMarketCap, the value of the cryptocurrency market was $1.66 trillion (about Rs. 138,06,635 crore) at the time of writing.

Meanwhile, Uniswap, Near Protocol, Zcash, Iota, and Augur are among the cryptocurrencies that are now trading well.

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Members of the Indian cryptocurrency scene have acknowledged the industry’s general expansion in hindsight.

“The cryptocurrency industry has performed very well in 2023. The market capitalization as a whole has risen by about 60% so far this year. NFT’s popularity, DeFi’s ascent, and institutional acceptance all contributed to this increase. As of this writing, the biggest digital asset in the world by market capitalization, Bitcoin, has increased by 155 percent, making it one of the top performing asset classes of 2023, according to BuyUcoin CEO Shivam Thakral, who spoke with Gadgets360.

“I believe that in 2024 there will be a crypto super cycle. The expectation of ETF approval and other major events like the halving of the Bitcoin price will be crucial in propelling the growth of cryptocurrency assets. He went on, “US monetary policy and the US Fed’s ensuing interest rate decisions will have a sign.”