Bitcoin Ether Price Today: Volatility in Cryptocurrency Markets

Market Volatility Affecting Bitcoin Ether Prices

This week, the crypto market is preparing for significant events, including the upcoming FOMC meeting in the US and the launch of Donald Trump-backed crypto platform World Liberty Financial. Amidst these developments, Bitcoin faced slight declines on Monday, with losses of 0.12% on Indian exchanges and 1.59% internationally. Presently, the world's oldest cryptocurrency trades at $58,407 (roughly Rs. 49 lakh) globally, having briefly surpassed $60,000 (roughly Rs. 50.3 lakh) over the weekend.

Bitcoin's drop followed an incident the FBI describes as an 'attempted assassination' on Donald Trump, leading to over $116 million (roughly Rs. 973 crore) in liquidations. Traders are now focused on the Fed's interest rate decision, with expectations split between a 25 and 50 bps cut.

Ether and Other Cryptocurrencies Experience Losses

Ethereum registered losses of around five percent on both national and international exchanges within the last 24 hours, with its value ranging between $2,279 (roughly Rs. 1.91 lakh) and $2,289 (roughly Rs. 1.92 lakh). Other cryptocurrencies, including Ripple and Cardano, also joined BTC and ETH in seeing declines.

• Avalanche
• Chainlink
• Polkadot
• Litecoin

The total crypto market cap saw a drop of 3.14% within 24 hours, with the global valuation currently at $2.03 trillion (roughly Rs. 1,70,32,400 crore).

Despite the downturn, some minor profits were recorded by Binance Coin, Solana, Dogecoin, Shiba Inu, and others.

Analysts remain optimistic, as the Fear and Greed Index suggests extreme fear could signal a buying opportunity, forecasting a brighter future for Bitcoin, Solana, and the overall crypto market.

Cryptocurrency investments carry market risks. This information does not constitute financial advice nor does it endorse any financial strategy.