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Cryptocurrency prices gained on Thursday despite heavy profit booking. (Photo: Reuters)

Popular cryptocurrency prices have weakened over the past 24 hours due to heavy profit booking by investors. While popular virtual coin prices bounced back slightly, meme cryptocurrencies zoomed on Thursday.

Bitcoin, the worlds largest cryptocurrency, was trading barely above $61,000 or 3.69 per cent higher than its value 24 hours ago at 3:30 pm. The market capitalisation of Bitcoin fell to $1.15 trillion and the 24-hour trading volume reduced marginally to $1.76 billion.

Ether was trading at over $4,150 or 3.90 per cent higher than its price 24 hours ago. The cryptocurrencys market capitalisation stood at $488 billion and the 24-hour trading volume was $1.45 billion.

Cryptocurrency highlights | Check yesterday's prices

While all other altcoins gained substantially during the day, meme coins Dogecoin and Shiba Inu were the biggest gainers. Dogecoin was trading over 27 per cent higher while Shiba Inu was retailing over 30 per cent higher at the time of publication.

Commenting on the cryptocurrency market momentum, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, The cryptocurrency market saw a wave of profit-booking over the past 24 hours.

However, technical indicators suggest that this could likely be a blip in an otherwise positive momentum. SHIBA Inu continued in the course of a massive rally, shooting up over 45 per cent, he added.

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)

Bitcoin

61,196.69

3.97%

$1.15 trillion

$1.76 billion

Ether

4,175.06

4.53%

$490.38 billion

$1.45 billion

Dogecoin

0.298597

26.63%

$39.33 billion

$11.93 billion

Litecoin

188.28

3.59%

$12.96 billion

$143.53 million

XRP

1.06

4.59%

$106.03 billion

$6.19 billion

Cardano

2.02

3.12%

$66.21 billion

$545.53 million

DISCLAIMER: The cryptocurrency prices have been updated as of 04:10 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.

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Cryptocurrency prices today: Meme coins take charge as ...