Bitcoin and the wider crypto market hasn’t seen a massive jump in value over the past 24 hours, but things have been on the up overall with the global crypto market capitalization rising day-on-day by a healthy percentage. As things stand, the price of the world largest cryptocurrency by market value is hovering around the $21,000 (roughly Rs. 16.5 lakh) mark across global exchanges while Indian exchange CoinSwitch Kuber values Bitcoin at $22,175 (roughly Rs. 17.3 lakh), up by 2.96 percent in the past 24 hours.
On global exchanges like CoinMarketCap, Coinbase, and Binance the price of Bitcoin stands at $21,035 (roughly Rs. 16.5 lakh) while CoinGeckoshows that BTC’s value is currently in the green by 3.1 percent week-to-day.
While Bitcoin continues to hover around the $21,000 (roughly Rs. 15.5 lakh) mark,managed some gains too. At the time of publishing, Ether is valued at $1,209 (roughly Rs. 95,000) on CoinSwitch Kuber while values on global exchanges see the crypto’s value at $1,146 (roughly Rs. 90,000), where the cryptocurrency has moved up by 5.75 percent over the past 24 hours.
Ether’s price movement over the past 24 hours sees the cryptocurrency’s value switch to greenwhen compared to last week’s value, as per CoinGecko data.
Gadgets 360’sreveals that most major altcoins saw substantial gains over the past day — as the global crypto market capitalization saw a rise of 3.61 percent in the last 24 hours. , , , and all marked gains, while topped the gainers chart by adding more than 20 percent in value.
Memecoins Shiba Inu and Dogecoin have had a good run this week and have continued to add more value.is currently valued at $0.06 (roughly Rs. 5.4) after gaining more than 1.9 percent in value over the last 24 hours, while, is valued at $0.000011 (roughly Rs. 0.000849), up by 1.43 percent over the past day.
“Markets trended lower in the early session of trading before eventually paring losses. The continuation of risk-off appetite follows the Fed’s acknowledgment that a recession is ‘certainly a possibility’, and that a soft landing is ‘very challenging’. The next couple of months will likely see continued weakness in the markets as we expect investors to take a more cautionary stance in the management of their portfolios.,” the research team at CoinDCX tells Gadgets 360.