After registering continuous growth for at least five consecutive days, the crypto price charts reflected losses for most altcoins on Thursday, November 3. Bitcoin opened with a price dip of 0.86 percent, as per the crypto price tracker by Gadgets 360. In India, BTC price currently stands at $20,310 (roughly Rs. 16.8 lakh). The first every cryptocurrency also recorded losses on international exchanges. As per Coinbase and Binance for instance, BTC values are hovering around the price point of $20,338 (roughly Rs. 16.7 lakh) after meeting with losses of up to 0.90 percent.
Ether, in its conventional movement, followed Bitcoin into losses. With a value drop of 2.68 percent, ETH is currently trading at $1,545 (roughly Rs. 1.28 lakh), the crypto price tracker by Gadgets 360 shows.
“Nonfarm payrolls and unemployment rate figures that would be released shortly will give more clarity as to whether the FED would have enough leverage and data-backing to justify a 5th consecutive 75bps rate hike next month. Meanwhile, the crypto markets have also exhibited increased volatility,” said the research team by CoinDCX.
Most altcoins opened with losses today.
The overall crypto market cap decreased by 0.86 percent in the last 24 hours and the valuation stands at $1.01 trillion (roughly Rs. 83,67,357 crore).
Only a handful of cryptocurrencies opened with profits today.
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.