Cryptocurrency price in India 14 February 2023: Bitcoin at $21,714.77, Ethereum falls 1.17%, market remains in the red
New Delhi ,UPDATED: Feb 14, 2023 10:05 IST
By Nidhi Bhardwaj: Top cryptocurrencies on 14 February traded in the red. The value of Bitcoin was down by 0.47 percent to stand at $21,714.77. On this, Co-Founder and CEO of Unocoin, Mr. Sathvik Vishwanath said, “The cryptocurrency market remains highly buoyant as Bitcoin approaches a potential 38.6 percent retracement to $21000 mark. If this level is breached, it could result in a drop to $20,300.”
The global crypto market cap decreased by 1 percent to stand at $1.00T from its 1.09T of the previous week. The value of the total crypto market volume saw an increase of 34.34 percent to $56.20B.
As of (0930 IST), the price of Ethereum noticed a fall of 1.17 percent to stand at $1,499.89. Amid the market fluctuations, XRP’s value sank 1.30 percent to $0.368070. This reduction was further witnessed in Polygon by 3.71 percent to $1.18. The price of Cardano dropped by 1.45 percent to trade at $0.356957.
Unlike yesterday, the price of Solana fell by 0.44 percent to $20.83 in 24 hours. However, the value of Dash increased by 0.32 percent to $63.14.
BNB plunged by 7 percent to stand at $290.91. As the digital market awaits cues for the Fed’s monetary policy outlook, the crypto market continues to remain weak. This weakness extended further to the prices of Monero and Avalanche by a decline of 4 percent and 0.84 percent, respectively.
Top gainers and losers of today
According to CoinMarketCap, the top gainers were Curve DAO Token, GMX, Maker, and Aave. Contrarily, the top losers were, SingularityNET, Mina, Render Token, and Oasis Network.
Meme coins notice decline
Shiba Inu was down by 3.37 percent to $0.000012. The market fluctuation negatively impacted the value of Dogecoin by a 0.50 percent decrease to $0.081341. Dogelon Mars dipped slightly by 4.06 percent to $3.75e-7.
Metaverse tokens in the red
On Tuesday, Decentraland was down 2.70 percent to $0.631831. The value of Axie Infinity and The Sandbox recorded lows of 2.19 percent to $9.49 and 3.51 percent to $0.670281, respectively.