Bitcoin prices have continued their slip despite hints of recovery on Thursday morning. Bitcoin is currently trading at $60,879 (roughly Rs. 45.2 lakh) on Indian exchange CoinSwitch Kuber while global exchanges like CoinMarketCap value the most popular cryptocurrency at $55,950 (roughly Rs. 41.5 lakh). Talking percentages, the past 24 hours have seen Bitcoin slide 7.55 percent, dipping well below the $60,000 (roughly Rs. 44.7 lakh) mark that it’s been hovering around for the past few days. This also marks the cryptocurrency’s lowest valuation in over a month, a stark contrast from the $68,990 (roughly Rs. 51.18 lakh) all-time high achieved last week.

Bitcoin’s struggles appear to have percolated to every other crypto asset too, as the global crypto market capitalisation saw a 5 percent dip overall. Ether dropped 6.84 percent over the past 24 hours to be valued at $4,406 (roughly Rs. 3.27 lakh) on CoinSwitch Kuber while values on global exchanges see an average dip of 5.28 percent to $4,042 (roughly Rs. 3 lakh). Gadgets 360’s cryptocurrency price tracker shows that the Ethereum-based cryptocurrency has seen a correction of more than 15 percent since its November 10 all-time high of $4,870 (roughly Rs. 3.61 lakh).

“The crypto market witnessed a volatile 24 hours as BTC dropped towards the $57,000 [roughly Rs. 42.3 lakh]. The largest altcoin, Ether, moved closer to the $4000 [roughly Rs. 2.96 lakh] mark. All of the top 30 cryptos, barring the stablecoins, ended in red. With the weekend approaching, the coming 24 hours
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