Cryptocurrency prices today: Bitcoin, Ether weaken slightly after profit booking

Cryptocurrency prices have weakened slightly over the past 24 hours due to minor profit booking by investors. Check the latest cryptocurrency prices and trends.

Cryptocurrency prices fell on Wednesday due to profit booking by investors. (Photo: Reuters)

Cryptocurrency prices fell slightly over the past 24 hours due to profit booking across the spectrum by investors.

The value of Bitcoin, which is the world’s largest cryptocurrency, decreased slightly as investors rushed to book profit a day after the popular virtual coin hit a record high. Bitcoin was trading at $66,636 or 1.35 per cent lower than its price 24 hours ago at 5:30 pm.

The market capitalisation declined slightly to $1.26 trillion and the 24-hour trading volume stood at $1.35 billion.

Ether’s valuation also dipped slightly by 0.74 per cent and it was trading at $4,742. The market capitalisation stood at $557 billion and the 24-hour trading volume was $1.05 billion. Most other altcoins fell marginally while some remained flat.

Crypto highlights | Check yesterday’s prices

There are changes that prices may fall over the next 24 hours but the long-term momentum remains steady.

Commenting on the momentum, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, “Over the past 24 hours, the cryptocurrency market witnessed profit booking across the spectrum. As trade volumes go up, the market might end up a bit lower.”

“Despite this profit booking, the long term investors need not worry as the momentum in the market is still pretty positive,” he added.

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)

Bitcoin

66,826.40

-0.94%

$1.26 trillion

$1.35 billion

Ether

4,746.01

-0.64%

$557.44 billion

$1.05 billion

Dogecoin

0.272903

-0.72%

$36 billion

$1.96 billion

Litecoin

290.91

17.81%

$20.05 billion

$436.83 million

XRP

1.26

2.38%

$125.01 billion

$4.65 billion

Cardano

2.24

-1.44%

$73.33 billion

$671.42 million

DISCLAIMER: The cryptocurrency prices have been updated as of 05:45 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.

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