The entire crypto price charts were awash in green on Friday, December 9th, indicating a recovery in the market. Up 2.12 percent, BTC is currently trading at $17,207 (roughly 14.15 lakh). This is the first time BTC has managed to breach the $17,000 (roughly 14 lakh) trading price point in weeks. The prices of the very first cryptocurrencies also rose by up to 2.25 percent on international exchanges such as Coinbase and Binance.
“Despite Bitcoin trading at a 65 percent discount year-to-date, the leading crypto remains in the top 30 global tradable assets ahead of tech giants like Meta, Samsung and Coca-Cola,” the CoinDCX research team told Gadgets 360.
ether rose in value by 3.73 percent to $1,281 (about Rs. 1.05 lakh). Crypto price tracker shown by Gadgets 360 on Friday. However, it is worth noting that ETH has not been able to drop far from the $1,200 price point (approximately Rs. 98,705) for weeks.
Other altcoins that have seen gains include Binance coin, Binance USD, ripple, Cardanoand polygon.
The profitable market move also dropped small gains on the meme coin kitties Dogecoins and Shiba Inu.
The overall crypto market is up 2.27 percent in the last 24 hours. Its current valuation stands at US$859.37 billion (roughly Rs. 70,68,738 crore).
In the meantime, tether, USD coin, hyphen, brain trust, Dogefiand Bitcoin hedge emerged among the loss-making cryptocurrencies.
“In the altcoin universe, gaming token prices have skyrocketed after being in turmoil over the past few weeks. was particularly noteworthy Axe Infinity Game token, AXS, surged over 20 percent in price last week as it unveiled plans to drive the “progressive decentralization strategy” with the Axie community, including setting up an “urban plan,” said Parth Chaturvedi, Crypto Ecosystem Lead, CoinSwitch, versus Gadgets 360.
Closer was CRE8, an Indian rupee-denominated virtual digital asset (crypto) index, which is down 0.44 percent over the past few days. The index value stood at Rs. 2416.49 as of 8:00 am 09 December 2022. BTC and ETH continue to be the top assets by market cap, Chaturvedi stressed.
