Bitcoin, Ethereum and others are on a high even as overall market value takes a hit

Feb 10, 2022 By: BI India Bureau Credit: Canva

The prices of leading cryptocurrencies are in the green today

However, the global market value has slipped by 16.5 percent

According to analysts, even if the downtrend is coming to end

It’s unlikely that prices will rally directly towards new all-time-highs

JPMorgan believes Bitcoin’s boom and bust cycles are hindrance

Especially when it comes to more institution money entering the crypto market

Meanwhile, Wells Fargo is more optimistic

“Most of the opportunity lies before us, not behind us," it said

Currently, Bitcoin, is priced at ₹33.15 lakh

The cryptocurrency up by 2.5 percent in the last 24 hours

Ethereum is trading at ₹2.41 lakh

Its price has risen by 5.4 percent since yesterday

Binance Coin’s rate is at ₹31,575

It has climbed by 3.1 percent over the course of the day Credit: Canva

Cardano’s value stands at ₹89.23

It’s up by 3.6 percent since yesterday

Meanwhile, Solana is priced at ₹8,478

It’s up by 1.8 percent since yesterday Credit: Canva

Terra’s LUNA token is trading at ₹4,218

It’s only cryptocurrency to have taken a hit of 0.1 percent over the course of the day Credit: Canva

Polkadot’s value stands at ₹1,645

It’s up by 3.5 percent in the last 24 hours

Avalanche is trading at ₹6,707

It’s up by 6.2 percent since yesterday

Dogecoin is priced at ₹11.88

It has jumped by 3.4 percent in the last 24 hours

Disclaimer

These are the top cryptocurrencies by volume according to Coinbase | Prices updated as of February 10, 8:00 am IST and may change over the course of the day Credit: Canva

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