BTC, ETH See Small Price Fluctuations, Crypto Price Chart Reflects Mix of Reds and Greens
Ether, in an unconventional movement, did not tail behind BTC to see losses. Rather, Ether rose by 1.39 percent to trade at $1,620 (roughly Rs. 1.30 lakh) as per Gadgets 360’s crypto price tracker.
It is noteworthy that both the top two cryptocurrencies have seen big slips from their recently attained value hikes. As of August 17, Bitcoin and Ether were trading at $24,011 (roughly Rs. 19 lakh) and $2,064 (roughly Rs. 1.65 lakh) after having recovered from the recent market slump.
As per industry experts, this price drop was triggered by excessive selling pressure from the Bitcoin miners selling around 6,000 BTC in order to pay for operating expenses.
Coming back to the altcoins today, Tether, USD Coin, Binance Coin, Cardano, and Solana saw losses.
Both memecoins Dogecoin and Shiba Inu also saw losses.
Minor gains were roped-in by a handful of altcoins, including Binance USD, Ripple, Polkadot, Polygon, and Avalanche.
The global crypto market cap stands at $1.02 trillion (roughly Rs. 81,46,372 crore) with a 0.08 percent rise over the last day, as per CoinMarketCap.
Meanwhile, security researcher who goes by the game of ‘Serpent’ on social media, has advised crypto community members to refrain from engaging with strangers on crypto-related schemes. The crypto community is under attack from scammers on Twitter, the researcher recently alerted.
Scammers have adopted sophisticated tactics, and have begun using copycat websites, hacked verified accounts, as well as promises of fake projects and airdrops to lure unsuspecting victims into their traps via Twitter, the researcher has warned.
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