Bitcoin saw a fairly sharp fall in valuation following a strong start to the week and is currently trading marginally above the $65,000 (roughly Rs. 48.3 lakh) mark on global exchanges, while the world’s most popular cryptocurrency is valued at $70,085 (roughly Rs. 52 lakh) on Indian exchange CoinSwitch Kuber. Although not much, this is a 0.36 percent increase over the past 24 hours. The crypto asset had surged to a new all-time high on Tuesday, trading at $68,525 (roughly Rs. 50.7 lakh) and has since struggled to trade at levels higher than $66,000 (roughly 49.1 lakh) on global exchanges, forcing resistance levels to fall below the $65,000 (roughly Rs. 48.3 lakh) mark.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
Bitcoin might have had a weak end to the week but that hasn’t hurt Ether’s surge by the slightest. The second-largest crypto asset by market capitalisation managed a new all-time high of $4,840 (roughly Rs. 3.6 lakh) on Tuesday and as per Gadgets 360’s cryptocurrency price tracker. Ether is currently trading close to that price at $4,765 (roughly Rs. 3.5 lakh) on CoinMarketCap, up by 2.99 percent over its 24 hour low. CoinSwitch Kuber, meanwhile, has it listed at $5,154 (roughly Rs. 3.8 lakh).
Dogecoin and Shiba Inu have both returned to green too with Shiba Inu marking a 4.44 percent rise while DOGE went up by 1.05 percent, trading at $0.26 (roughly Rs. 19.74).
“The cryptocurrency market saw the bears getting pretty active over the past 24 hours. Profit booking ensued through most of the top 20 cryptocurrencies with a massive bump in the trading volumes. However, long-term investors have no reason to fret as such profit booking is pretty common after the market makes a new high. Over the coming few days, we can expect the market to remain range-bound,” claims Edul Patel, CEO and co-founder of algorithm-based crypto investment platform, Mudrex.
The market, at the time of publishing, was seeing its fair share of ups and downs with Litecoin being the biggest gainer through the day with a 7.48 percent…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
