Crypto Price Today: Bitcoin Registers First Minor Price Dip in Recent Days, Most Altcoins Trading in Profits

The overall valuation of the crypto sector rose by 0.52 percent in the last 24 hours. While Bitcoin recorded a small dip, Ether rose in value by $117 (roughly Rs. 9,754) in the last 24 hours. Most altcoins are trading in greens today in the backdrop of the anticipation surrounding the release of US’ employment data later today.

Bitcoin on Friday, December 8 recorded the first miniscule drop in its pricing in days. The oldest, most expensive cryptocurrency at the time of writing is trading at the price point of $43,448 (roughly Rs. 36.2 lakh). In the last 24 hours, the value of Bitcoin fell by $544 (roughly Rs. 45,355). Despite this minor setback, Bitcoin has garnered appreciation from the market experts after it demonstrated a 14 percent increase month-to-date and an impressive 162 percent surge year-to-date.

Ether rose in value by 4.65 percent, taking a different trajectory than Bitcoin. The crypto asset is currently trading at $2,367 (roughly Rs. 1.97 lakh). Over the last 24 hours, the value of ETH has risen by $117 (roughly Rs. 9,754).

“The altcoin space seems to be giving tough competition to crypto king Bitcoin. If we look at the 24-hour data, Ethereum has outperformed Bitcoin by almost six percent while other altcoins like ADA, SOL, and MATIC witnessing significant surges in their prices.