The cryptocurrency market is witnessing a fresh wave of volatility on Thursday as prices of popular virtual coins remain mixed.
Bitcoin, the world’s most popular cryptocurrency, was trading below $35,000 after crossing the figure yesterday. At 11:15 am, the price of the virtual currency was down nearly 1.60 per cent. On the contrary, Bitcoin had gained 5 per cent on Wednesday to touch $36,000.
Popular meme cryptocurrency Dogecoin also fell nearly 1.45 per cent, extending its losses from yesterday. Dogecoin has been trading weaker this week after it rose sharply last Friday. The downward slide has raised concern among Dogecoin investors.
‘Meanwhile, Ether prices have finally registered a substantial gain after a long bout of weakness. The second-most popular cryptocurrency was up nearly 5 per cent at 11:20 am, crossing $2200 for the first time since last week.
Some other cryptocurrencies that saw an increase in valuation included XRP, Cardano, Polkadot and Stellar. Other cryptocurrencies were mostly trading in the red.
It may be noted that there has been no major leap in cryptocurrency values this week due to a rise in volatility. Following China, many other countries have flagged risks associated with virtual coin trade.
This could have an impact on the cryptocurrency market for a short period and individuals should assess the ongoing situation before making any investment decisions.
Here are the latest prices and trends of popular cryptocurrencies:
