Cryptocurrency price charts showed more profits than losses for the third day in a row on Friday, January 3. The price of Bitcoin increased by 1.82% on international exchanges in the last 24 hours. With this, the asset is currently trading at $96,863 (around Rs. 83.05 lakh) on global exchanges, according to CoinMarketCap data. Meanwhile, on Indian exchanges like BuyUCoin, Bitcoin’s value stands at $97,042 (approximately Rs. 83.2 lakh), reflecting profits of 2.28% over the past day.
“Bitcoin continues to show its upward momentum. The Fear-Greed Index is rising, reflecting a positive change in investor sentiment. Additionally, the total 24-hour trading volume increased by 57.3% to $131.74 billion (approximately Rs. 11,29,372 crore), showing increased participation from retail and institutional investors. Currently, BTC faces immediate resistance at $98,400 (roughly Rs. 84.3 lakh) while support stands at $95,000 (roughly Rs. 81.4 lakh),” Edul Patel, CEO, Mudrex for Gadgets 360.
Ether also managed to hold onto its gains on the price charts. On international exchanges, ETH recorded a price rise of 2.05%, taking its price to $3,460 (approximately Rs. 2.96 lakh), CoinMarketCap showed. On Indian exchanges like CoinSwitch and CoinDCX, the price of ETH is around $3,711 (approximately Rs. 3.18 lakh).
“Ether is still below the crucial $3,500 (around Rs. 3 lakh) mark. However, Ether saw record ETF inflows in December – closing the $2 billion mark (roughly Rs. 17,145 crore), double that of November,” CoinSwitch’s markets desk told Gadgets 360.
Gadgets 360’s cryptocurrency price chart on Friday showed that most cryptocurrencies were generating profits alongside Bitcoin and Ether.
These include Ripple, Tether, Solana, Dogecoin, Cardano, Tron and Avalanche.
Chainlink, Stellar, Shiba Inu, Polkadot, Uniswap and Leo also saw profits on the price charts.
The overall crypto market cap jumped by 2.03% in the last 24 hours. With this, the sector’s valuation rose to $3.41 trillion (approximately Rs. 2,92,29,974 crore), according to data from CoinMarketCap showed.
Meanwhile, cryptocurrencies trading at a loss on Friday include Binance Coin, Litecoin, Cronos, EOS Coin, and Zcash on Friday.
“While regulatory pressures and market instability can create bearish sentiment and bearish price actions, bullish pattern formations such as the ascending triangle are essential technical and psychological milestones for Ethereum. This is a crucial recovery phase in 2025 that paves the way for increased adoption through technological advancements and renewed hope,” Avinash Shekhar, co-founder and CEO of Pi42, told Gadgets 360.
Cryptocurrency is an unregulated digital currency that is not legal tender and is subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be liable for any loss resulting from an investment based on any recommendation, forecast or other perceived information contained in the article.
