Bitcoin, the world’s largest cryptocurrency by market capitalization, managed to stay in the green for the second day in a row and managed to bounce back above $20,000 (approx. Rs. 16 lakh) after BTC fell below $19,000 (approx) mid-week. 15 lakh rupees). Bitcoin has gained over 4 percent in the last 24 hours and is now priced around $20,100 (roughly Rs. 16 lakh) on global exchanges, while Indian exchanges like CoinSwitch and CoinDCX value BTC at $20,955. (Approx.) Rs. 16.70 lakh), up 1.46 percent from yesterday.
On global exchanges like CoinMarketCap, Coinbase and Binance, Bitcoin is valued at $20,118 (roughly Rs. 16 lakh) while CoinGecko data shows that the value of BTC is currently 0.7 percent higher than where it stood last Friday.
As we approach the ‘merge’, the ether continues its upward trajectory. Ether is valued at $1,779 (approx. Rs. 1.40 lakh) on Indian exchanges, while on global exchanges, the crypto is valued at $1,691 (approx. Rs. 1.30 lakh), where the value of the cryptocurrency has increased by 3.6 percent in the last 24 hours.
Looking at Ether’s performance in the closing stages of the week, the value of the cryptocurrency appears to have once again risen much higher than it did last week. CoinGecko [data] ,https://www.coingecko.com/en/coins/ethereum) indicates that the world’s second-largest crypto asset is up 6.8 percent in value week-over-week.
Gadgets 360’s cryptocurrency price tracker has revealed that most major altcoins had a good day over the past 24 hours. Global crypto market capitalization rose 3.79 percent late Thursday and early Friday.
Polkadot, Uniswap, Cosmos, Solana, Monero, Cosmos, Avalanche, Cardano, Polygon, TRON and BNB — all saw gains in the past 24 hours.
Memecoins Shiba Inu and Dogecoin followed most of the altcoins with minor ups to show as well. Dogecoin is currently valued at $0.06 (approximately Rs. 5) after gaining 2.26 percent in the last 24 hours, while Shiba Inu is valued at $0.000013 (approximately Rs. 0.0010010), up 2.27 percent over the last day.
Crypto prices followed recent trends in tracking stocks, which closed higher on Thursday. The tech-heavy Nasdaq, the S&P 500, which has a large tech component, and the Dow Jones Industrial Average (DJIA) all climbed more than half a percentage point.
Next week’s release of the latest US Consumer Price Index (CPI) will determine whether the US Federal Reserve has made progress in its fight against inflation. However, most observers of monetary policy expect the Bank to raise interest rates by a robust 75 basis points for the third time in a row.
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