Bitcoin & Ethereum Price Struggles To Gather Traction As Volumes Stay Low.

Bitcoin & Ethereum Price Struggles To Gather Traction As Volumes Stay Low.

2021-12-14 | Daniel Smith

Bitcoin & Ethereum Price Struggles To Gather Traction As Volumes Stay Low.

Bitcoin, the world's greatest cryptocurrency, was trying to trade at $46,915.12, or 3.65% less than its price 24 hours earlier at 1:30 p.m (GMT). Bitcoin's market capitalization was $886 billion. Throughout the last 24 hours, the trading volume was $33,573,774,471 USD. Owing to the limited amount of activity, especially Bitcoin (BTC), cryptocurrency prices have struggled to acquire traction in the last 24 hours. Just those few minor virtual coins gained ground, but the general crypto market remained relatively steady. Ether, the Ethereum platform's indigenous coin, was selling slightly over $3,777.37, or 5.71 percent lower than it used to be 24 hours earlier. Ether's market capitalization was $448 billion, with a 24-hour transaction volume of $25,124,210,557. Following a large surge of gain booking last week, trade volumes in the more prominent ones have decreased. All other minor cryptocurrencies except Bitcoin are likewise selling even more red zone, with only a few exceptions seeing gains. In response to the recent lack of momentum, Edul Patel, CEO, and Co-founder of Mudrex - The Global Algorithm Based Crypto Investment Platform, stated that Bitcoin's supremacy increased by more than 41% amid low transaction volumes. Nevertheless, the majority of the leading cryptocurrencies are still trading in a range.

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