Bitcoin opened Tuesday at a price of $21,125 (about Rs 17.2 lakh) with a small gain of 0.80 percent. The oldest and most widely used cryptocurrency has also maintained its way on international exchanges such as Binance and CoinMarketCap. In the last 24 hours, bitcoin prices have increased by $50 (approximately Rs.4,089). The overall crypto price charts saw gains and losses for multiple digital assets as volatility continued to reign over the sector.
not how Bitcoin, ether saw a marginal fall of 0.08 percent to trade at $1,562 (about 1.27 lakh), the authorities said Crypto price tracker by Gadgets 360.
tether, USD coin, polyonand avalanche appeared at the profitable end of the crypto price charts along with BTC.
Lion, Cronos, aave, hyphenand NEM also reeled off profits on Tuesday.
Despite so many altcoins seeing small gains, the overall crypto market valuation fell 0.25 percent over the past 24 hours. acc CoinMarketCapthe current valuation of the crypto sector is 990 billion US dollars (approximately 80.94.548 billion rupees).
Dogecoins and Shiba Inu however, recorded losses on Tuesday.
Binance coin, ripple, Cardano, Solanaand Litecoin also saw depreciation.
Tron, Uniswap, cosmos, chain linkand Monero saw their prices fall on Tuesday.
“A healthy hash rate again and improving mining metrics suggest the worst of the miner capitulation saga is behind us. The on-chain analysis also confirms that wallets holding between 100 and 10,000 ETH have added 3,000 new addresses over the past two months, which translates to nearly 50,000 wallets, the highest in a year. These strong accumulation trends, coupled with promising macroeconomic data on declining inflation, have led to strong rallies in the stock and crypto markets, with a resurgence in risk appetite,” the CoinDCX research team told Gadgets 360.
Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended to and does not constitute financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment made on an accepted recommendation, forecast or other information contained in this article.
