Crypto On Jan 3: Bitcoin Falls, Ethereum, Cardano Rise Slightly

On the first Monday of 2022, the cryptocurrency market showed no significant boost. In fact, top coins wavered marginally, leading the global market cap to rise only by 0.47% in the last 24 hours, as of 4.07 a.m. ET.

Bitcoin tumbled 0.34% in the last 24 hours and was trading at $47,072 as per the CoinMarketCap data. This is a 6.98% fall compared to the last week. While experts were hopeful of a sudden spike in Bitcoin prices as the new year begins, the chart shows no sign of improvement on the third day of 2022.

On the other hand, top coin Ethereum rose 1.87% in the last 24 hours, still remaining below $4k as it stood at $3813. Ethereum, too, slid 5.50% compared to the last week.

Among other coins, Cardano and Binance Coin rose slightly. Terra LUNA surged 2.94%. Meme cryptos Dogecoin and Shiba Inu remained almost unchanged.

In the Decentralized Finance space, NFTs (non-fungible tokens) are gaining attention these days globally. At least half a dozen crypto platforms are foraying into the NFT space in India amid the growing craze.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.