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Bitcoin and Ether have failed to continue their rally as the market heads closer to Christmas. But that hasn't dampened the spirit of investors as almost all of the popular altcoins managed to chart considerable gains through the day.
Majority cryptocurrencies including Bitcoin, Ripple, Cardano, Dogecoin, and Shiba Inu have jumped in values, whereas Ether found a place among a few altcoins that registered dips.
Closer to Christmas, majority cryptocurrencies including Bitcoin, Ether, Polygon, Litecoin, and Uniswap managed to register gains. Only a few cryptocurrencies opened the day with losses.
Prices of cryptocurrencies listed on Coinbase Global Inc. and popular data provider CoinMarketCap.com briefly went haywire Tuesday, with many tokens showing astronomical gains that sent users gushing about huge windfalls and others wondering what happened.
People tend to forget that this is just like any other market which will have both uptrends and downtrends. Globally, there is a big shift towards cryptos and new investors have started buying into this emerging asset class, says Nischal Shetty of WazirX.
People tend to forget that this is just like any other market which will have both uptrends and downtrends. Globally, there is a big shift towards cryptos and new investors have started buying into this emerging asset class, says Nischal Shetty of WazirX.
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