Bitcoin has had a rough run over the past 24 hours as Wednesday saw a fair bit of profit booking across the market, leading to a substantial dip for BTC and a host of other altcoins.
The world’s most valuable cryptocurrency has had a fairly good week prior to Wednesday, steadying ship above $38,000, but Bitcoin’s poor showing over the past day appears to have wiped off some of the progress made over the past 10 days.
Bitcoin’s value currently stands at $39,722, down by 3.84 percent over the past 24 hours on Indian exchange CoinSwitch Kuber.
Meanwhile, on global exchanges, the price of the most popular cryptocurrency stood at $36,948 down by 4.01 percent over the past 24 hours.
Ether, the second-largest cryptocurrency by market capitalisation, was having a good week, too, although Wednesday did see the crypto asset lose a bit of that bullish momentum.
At the time of publishing, Ether is valued at $2,866 on CoinSwitch Kuber while values on global exchanges see the crypto’s value hover around the $2,700 mark at $2,666, where the coin dipped by close to 3.48 percent over the past 24 hours.
Comparing it to Ether price a week ago, CoinGecko data reveals that the cryptocurrency’s value still stands at a 7.9 percent profit.
Gadgets 360’s cryptocurrency price tracker reveals more profit-booking amongst altcoins. Cardano, Solana, Avalanche, Polygon, Terra, Binance Coin, Cosmos, Polkadot, and Chainlink all heavily dipped in value, while metaverse tokens Decentraland (MANA), The Sandbox (SAND), and Enjin Coin (ENJ) also witnessed a run in red.
Meme coins haven’t had a very good start to the month either, just like most other altcoins, as Wednesday saw dips for both SHIB and DOGE — the two most sought-after meme coins amongst others.
Dogecoin is currently valued at $0.14 after shedding 3.13 percent over the last 24 hours, while Shiba Inu is valued at $0.000022 down by 4.61 percent over the past 24 hours.