Crypto Price Today: Bitcoin and Ether See Minor Losses Amidst Market Volatility

The cryptocurrency market has seen heightened volatility following the recent election of pro-crypto President Donald Trump. Bitcoin, which briefly surged past $89,900 (roughly Rs. 75.9 lakh) earlier this week, recorded a minor dip of just over one percent in the last 24 hours, trading at $87,382 (roughly Rs. 73.7 lakh) on global exchanges and $85,987 (roughly Rs. 72.5 lakh) on Indian exchanges. This marks Bitcoin’s first downturn since Trump’s victory, initially met with optimism by crypto investors.

Analysts like Shivam Thakral, CEO of BuyUcoin, attribute the volatility to investor profit-taking, broader economic uncertainties, and ongoing market dynamics, noting that Bitcoin’s fundamentals remain strong with continued institutional interest and potential regulatory developments on the horizon.

Ethereum saw a slightly larger decline, dropping over four percent to $3,180 (roughly Rs. 2.68 lakh) on global exchanges, with similar trends in the Indian market. Other major cryptocurrencies, including Tether, Solana, Binance Coin, Dogecoin, Cardano, and Shiba Inu, also experienced minor losses.

Giottus CEO Vikram Subburaj commented that these price corrections are “natural,” but emphasized a bullish market sentiment overall, with the Fear and Greed Index reaching 84, signaling “extreme greed.” Despite the fluctuations, leading altcoins like Solana, Cardano, and BNB show signs of stabilizing, with double-digit weekly gains.

The overall crypto market cap dropped by 4.12 percent in the past 24 hours, currently valued at $2.86 trillion (roughly Rs. 2,41,39,115 crore), according to CoinMarketCap. Meanwhile, Ripple, Tron, and Stellar managed to maintain slight gains amid the turbulence.

According to Edul Patel, founder of Mudrex, Dogecoin activity may rise as President Trump’s recent selection of Elon Musk and Vivek Ramaswamy to lead the new Department of Government Efficiency could fuel further interest in the meme cryptocurrency.