Bitcoin and altcoins witness relief rally even as Terra's LUNA continues to tumble

Jan 28, 2022 By: BI India Bureau

Bitcoin and most leading altcoins are on the road to recovery

According to analysts, many used the opportunity to buy the dip Credit: Canva

The outlook for where these coins are headed next remains uncertain

Experts are divided over whether a ‘crypto winter’ is going to set in Credit: Canva

Technical analysis suggests that sentiment remains negative

And, it’s only the traders selling on rallies Credit: Canva

As things stand, Bitcoin is priced at ₹27.7 lakh

The cryptocurrency is up by 2.85 percent in the last 24 hours Credit: Canva

Ethereum is trading at ₹1.8 lakh

Its price has not changed significantly since yesterday Credit: Canva

Binance Coin’s rate is at ₹28,950

It has jumped by over 6 percent over the course of the day Credit: Canva

Cardano’s value stands at ₹78.81

The cryptocurrency is in the green by 2.3 percent since yesterday Credit: Canva

Its contemporary, Solana, is priced at ₹6,880

After a rough couple of days, its price is up by 4.46 percent in the last 24 hours Credit: Canva

Terra’s LUNA token is trading at ₹3,994

The cryptocurrency is down by nearly 5percent over the course of the day Credit: Canva

LUNA has been relatively less volatile than the rest of the crypto market

Even during the crypto crash that’s been painting the market red since the New Year Credit: Canva

Dogecoin is priced at ₹10.60

It’s marginally up by 0.3 percent since yesterday Credit: Business Insider India

Polkadot’s value stands at ₹1,369

It has risen 4.36 percent in the last 24 hours Credit: Business Insider India

Avalanche is trading at ₹4,867

It’s up by 3.3 percent since yesterday Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of January 28, 8:30 am IST and may change over the course of the day. Credit: Canva