Bitcoin had a bit of a Monday slump to start the week, but the drop hasn’t been too terrible. On Indian platform CoinSwitch Kuber, the world’s most popular cryptocurrency started Tuesday’s trade at approximately $64,541, up 0.94 percent in the previous 24 hours. Since reaching a new all-time high on October 20, Bitcoin has been trading at a price of over $60,000 globally, with the exception of a brief fall early last week.
While Bitcoin continues to struggle
to gain traction, altcoins have had a solid start to the week. The second most expensive cryptocurrency, Ether, is presently selling at approximately $4,610 on the coinmarketcap cryptocurrency price tracker, up 2.23 percent in the last 24 hours. Ether has been able to sustain its upward trajectory after reaching a new all-time high of $4,606 last week, as analysts forecast a solid end to the year for the Ethereum-based crypto-asset.
“Altcoins dominated the last 24 hours, as the overall cryptocurrency market cap surpassed $2.63 trillion. Bitcoin fought its way closer to the $60,200 level. Altcoins are expected to make a major move in the next days, as BTC supremacy declines and the market rises “Edul Patel, the CEO and Co-Founder of Mudrex, a worldwide algorithm-based crypto investing platform, agrees.