Bitcoin, Ether, and the Majority of Altcoins See Losses Todays Crypto Price; Tether and Iota See Minor Gains

Bitcoin's trading value on Indian platforms like CoinDCX and CoinSwitch is currently $66,124 (about Rs. 55 lakh), after a one percent decline.On Wednesday, May 15, the cryptocurrency chart showed losses next to the majority of cryptocurrencies. Bitcoin's trading value on Indian platforms like CoinDCX and CoinSwitch is currently $66,124 (about Rs. 55 lakh), after a one percent decline. Conversely, the most costly cryptocurrency asset is now trading at a marginally lower price of $61,945 (about Rs. 51 lakh) on foreign markets. The majority of cryptocurrencies saw losses in the last 24 hours as a result of BTC's inability to maintain the gains from the previous day.On Wednesday, ether lost 1.48 percent of its value. As a result, its prices on domestic and foreign exchanges are $3,083 (about Rs. 2.57 lakh) and $2,902 (about Rs. 2.42 lakh), respectively.Technically speaking, the price behavior of BTC and ETH is still erratic; they are trading in a range and both sides are seeing liquidations.

Although there has been mixed price activity overall and neutral funding rates, both cryptocurrencies are sitting at important support levels. The CoinDCX markets team informed Gadgets360 that the US CPI figures released today would be very important to follow because they are predicted to have a big effect on the market.