Crypto relief rally ends but Avalanche is keeping its head above water

Feb 9, 2022 By: BI India Bureau

Bitcoin, Ethereum, and the prices of other cryptocurrencies are in the red

The slump comes after a relief rally that kicked in last week Credit: Canva

Many analysts had predicted an extended bear market

And, it seems like they may have been right Credit: Canva

There’s one cryptocurrency still fighting to keep its head above water

Even as the overall market value is on the cusp of slipping below $2 trillion Credit: Canva

Avalanche, the so-called Ethereum-killer is trading at ₹6,314

Avalanche, the so-called Ethereum-killer is trading at ₹6,314 Credit: Canva

Meanwhile, Bitcoin is trading at ₹32.3 lakh

Its price has dropped by 1.91 percent over the last 24 hours Credit: Canva

Ethereum is trading at ₹2.29 lakh

It has taken a bigger hit of 2.58 percent since yesterday Credit: Canva

Binance Coin’s price is trailing at ₹30,530

Its value is down by 5.84 percent over the course of the day Credit: Canva

Cardano’s ADA token is among the worst hit trading at ₹86.17

The ‘Ethereum Killer’ has seen a fall of 7.21 percent in 24 hours Credit: Canva

Solana’s price is ₹8,310

The cryptocurrency has taken a hit of 5.6 percent since yesterday Credit: Canva

Terra’s LUNA token is trading at ₹4,223

It has dipped by 4.31 percent over the course of the day Credit: Canva

Polkadot is almost the worst hit leading cryptocurrencies

At a price of ₹1,586, the coin has taken a hit of 6.69 percent in 24 hours Credit: Canva

Dogecoin’s price is at ₹11.57

It has fallen by 5.24 percent since yesterday Credit: Canva

Shiba Inu is seeing a similar dip of 6.46 percent

Its price is currently at ₹0.002288 Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of February 8, 8:00 am IST and may change over the course of the day Credit: Canva