Today’s Cryptocurrency price on January 7: Tepide Market as Bitcoin, Ethereum Fall

Today's Cryptocurrency price on January 7: Tepide Market as Bitcoin, Ethereum Fall

The global Crypto market capitalization fell 0.99 percent over the last 24 hours to $ 2.05 trillion while the total trading volume was substantially dipped by 11.45 percent to $ 103.17 billion on January 7.

While defi contributed 16.94 percent of trading volume of $ 17.47 billion, Stablecoins consisted of $ 87.63 percent at $ 80.09 billion. The dominance of the Bitcoin market fell 0.02 percent to 39.64 percent today. Currently traded at $ 42,957.71.

The cryptocurrency-cryptocurrency, Bitcoin dipped 1.13 percent to trade at Rs 34,53,914 while Ethereum fell 3.67 percent to Rs 2,72,036.

Cardano rose 2.78 percent to RS 101.59 and avalanches fell 2.64 percent to RS 7,482.39. Polkadot fell 0.09 percent to Rs 2,113.47 and Litecoin up 1.12 percent at Rs 10,922.3 for the past 24 hours. Tether rose 0.25 percent to trade at RS 80.19

Overthrough Shib rose 2.29 percent while Dogecoin rose 0.87 percent to trade at Rs 12.22. Terra (Luna) dipped around 0.65 percent to RS6.080.01.
Ethereum popularized decentralized finance, and application developers on the network turned it into a sector $ 250 billion. But the percentage of pie can shrink in 2022, per investment bank JPMorgan Chase.

According to investment records distributed by the bank, Sharding-a method to drastically increase the number of transactions that can be executed on the blockchain – “maybe arrived late” for Ethereum to prevent market competition from alternative blockchain.

The record also mentions that landslides, smart binance chains, Solana, and Terra have been able to provide many types of applications that are the same as the ethhereum with higher speeds and lower costs. However, Devs and Contributors Ethereum said their focus on security gave a network of strong foundations to grow

The crime involving Cryptocurrency jumped to the highest of $ 14 billion in 2021, according to the Analytics Blockchain company in the annual crime report released yesterday. This is an increase in value of 79% from $ 7.8 billion from 2020.

However, this activity only represents 0.15% of a total of $ 15.8 trillion in the volume of Crypto transactions recorded during this year – the lowest percentage ever.

Samsung’s electronic giant roams to Metaverse with the opening of a virtual store in Desentrraland. Named after Samsung’s Flagship 837 Store in New York, Samsung 837x Virtual Store will be open to business for a limited time

At 8:22 a.m., this is the price of various Cryptocurrency on the Indian market (data from Wazirx)

CRYPTOCURRENCY PRICE (IN RS) 24-HOUR CHANGE (IN PERCENT)
Bitcoin 34,53,914 -1.13
Ethereum  2,72,036 -3.76
Cardano 101.59 +2.78
Tether 80.19 +0.25
Solana 11,710.01 -5.26
Avalanche 7,482.39 -2.64
Litecoin 10,922.3 -1.12
XRP 61.63 -0.81
Axie 6,210.1 -3.42

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