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

Feb 10, 2022 By: BI India Bureau

The prices of leading cryptocurrencies are in the green today

However, the global market value has slipped by 16.5 percent Credit: Canva

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

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

JPMorgan believes Bitcoin’s boom and bust cycles are hindrance

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

Meanwhile, Wells Fargo is more optimistic

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

Currently, Bitcoin, is priced at ₹33.15 lakh

The cryptocurrency up by 2.5 percent in the last 24 hours Credit: Canva

Ethereum is trading at ₹2.41 lakh

Its price has risen by 5.4 percent since yesterday Credit: Canva

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 Credit: Canva

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 Credit: Canva

Avalanche is trading at ₹6,707

It’s up by 6.2 percent since yesterday Credit: Canva

Dogecoin is priced at ₹11.88

It has jumped by 3.4 percent in the last 24 hours Credit: Canva

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