Cryptocurrency prices today: Bitcoin slides further as global crypto market dips

The cryptocurrency market lost momentum on Wednesday as valuations of top virtual coins slid further due to global uncertainty amid rising inflation and the ongoing Covid-19 situation.

Bitcoin, the world’s most popular cryptocurrency, traded at $41,761.80 or 1.22 per cent lower than its value 24 hours ago at 12:10 pm. Bitcoin’s market capitalisation fell below $800 billion and the 24-hour trade volume remained steady at $900 million.

Ether, the native token on the Ethereum platform and the second-most popular cryptocurrency, also fell over the past 24 hours. It traded just above $3,100 or 2.80 per cent lower at the time of publication.

Crypto highlights | Check yesterday’s prices

The popular cryptocurrency’s market capitalisation fell to $356 billion and the 24-hour trade volume was $734.10 million.

All other smaller cryptocurrencies took a hit due to the weak momentum seen across the virtual coin markets across the globe. Market watchers have asked crypto investors to proceed with caution as the situation remains volatile.

Also Read | Cryptocurrency Bill unlikely to be introduced in upcoming Budget session

Commenting on the current trend in the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, “The global crypto market cap dipped by 1 per cent, while the market volume has increased by 1 per cent in the past 24 hours.”

“Bitcoin and Ethereum continued to trade below $42,000 and $3,400. BTC’s price has steadily declined since reaching its all-time highs of $69,000 on November 10. Large crypto investors seem to be accumulating BTC amid flat price action,” he added.

“The other cryptocurrencies are also experiencing a similar dip. Cardano, which outperformed BTC and ETH, has also been down by 7 per cent. Meanwhile, Stacks picked up nearly 13 per cent, ETC and THETA increased by 7 per cent.”

Here are the latest prices and trends of popular cryptocurrencies:


Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)




$790.84 billion

$912.67 million




$365.40 billion

$734.10 million




$22.19 billion

$906.67 million




$9.44 billion

$58.32 million




$74.25 billion

$2.17 billion




$46.16 billion

$360.49 million

DISCLAIMER: The cryptocurrency prices have been updated as of 12:30 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.

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