Bitcoin and Ether Prices Dip as Geopolitical Tensions Impact Crypto Market

Bitcoin’s Price Drops on International Exchanges

Bitcoin experienced a one percent decline in value on Friday, falling from its recent high above $60,000. The world’s most widely used cryptocurrency is currently trading at $60,990 on international exchanges, while in India, it remains steady at $63,453.

Ether also Declines in Value

Alongside Bitcoin, Ether also saw a 2.17 percent drop in price, bringing it down to $2,143. Global exchanges have Ether trading at $2,373.

Market Cap and Altcoin Performance

The overall cryptocurrency market cap decreased by 0.93 percent, reaching $2.11 trillion. Various altcoins, including Tether, Binance Coin, Solana, Ripple, and Cardano, experienced losses, while others like USD Coin, Dogecoin, and Tron saw increases in value.

Expert Analysis on Market Outlook

Experts suggest that despite the recent downturn, institutional demand for Bitcoin remains strong. Altcoins like Solana and Cardano are also showing promise, indicating a cautiously optimistic outlook despite market volatility.

Disclaimer

It’s important to note that cryptocurrency is not regulated and carries inherent market risks. The information provided in this article should not be taken as financial advice. NDTV is not liable for any investment losses incurred based on the information presented here.

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