Bitcoin, the world’s largest cryptocurrency by market capitalization, surged as much as 3.3 percent at one point early Monday and briefly touched $22,000 (roughly Rs. 17.5 lakh) before falling again. Given the situation, Bitcoin has gained over 0.5 percent in the last 24 hours and is now priced around $21,700 (roughly Rs. 17.3 lakh) on global exchanges, while Indian exchanges like CoinSwitch and CoinDCX value BTC. $22,572 (approx. Rs. 17.98 lakh), up 0.72 percent from Sunday morning.
On global exchanges like CoinMarketCap, Coinbase and Binance, Bitcoin is priced at $21,708 (approx. Rs. 17.3 lakh) while CoinGecko data shows that the value of BTC is currently 8.8 percent higher than where it stood last Friday.
Heading into the ‘merge’ week, Ether has continued its upward trajectory over the weekend, although as of early Monday, the price has eased slightly. Ether was valued at $1,826 (roughly Rs. 1.45 lakh) across all Indian exchanges, while the crypto was valued at $1,728 (roughly Rs. 1.37 lakh) on global exchanges, where the cryptocurrency fell by 2.05 percent. In the last 24 hours.
Looking at Ether’s performance over the weekend, the cryptocurrency’s value is much higher than it was last week, [CoinGecko data] ,https://www.coingecko.com/en/coins/ethereum) indicates that the world’s second-largest crypto asset is up 10 percent in value week-over-week.
Gadgets 360’s cryptocurrency price tracker revealed that most major altcoins had a mixed performance earlier in the week. Global crypto market capitalization rose 0.53 percent late Thursday and early Friday.
Polkadot, Cosmos, Solana, Cardano, Polygon, TRON and BNB all saw minor losses in the last 24 hours. Meanwhile, Uniswap, Monero, Avalanche and Chainlink saw minor gains.
Memecoins Shiba Inu and Dogecoin followed most of the altcoins with minor ups to show as well. Dogecoin is currently valued at $0.06 (approx. Rs. 5.4) after losing 1.37 percent in the last 24 hours, while Shiba Inu is valued at $0.000013 (approx. Rs. 0.001035), up 1.69 percent from the previous day.
“Crypto market cap is $1.09 trillion (approx. Rs. 1,09,000 crores) and Bitcoin has touched $22,000 (approx. Rs. 17.5 lakhs), overcoming the price resistance it took last 2 weeks ago. Ethereum expected around September 13-15, ETH significantly increased and returned 9.4 percent last week. DeFi leads the sector returns with a 15 percent weekly increase as more users continue to borrow Ethereum in anticipation of potential ETH 2.0 airdrops,” the research team at CoinDCX tells Gadgets 360.
Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risk. The information provided in the article is not and is not intended to constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any perceived recommendations, estimates or any other information contained in the article.
