Bitcoin Remains Above $20,000 After Temporarily Dropping Below the Mark on Tuesday

Bitcoin Holds Above $20,000 After Temporarily Slipping Below the Mark on Tuesday

Bitcoin is struggling to maintain a psychologically significant range as investors continue to watch the monetary volatility of the US central bank, which is at least partly linked to historically low unemployment rates. The value of bitcoin has seen a slight drop of 0.62 percent over the past day, keeping its price above the $20,000 mark on global exchanges, while Indian exchange CoinSwitch Kuber is valued at $20,190 BTC 16.10 lakh), one percent more than yesterday.

On global exchanges such as CoinMarketCap, Coinbase, and Binance, bitcoin is priced at $20,244 (approximately Rs 16.20 lakh), while CoinGecko information Shows that the value of BTC is currently down 5.8 percent compared to last Wednesday.

On the other hand, the mid-week blues in Ether weren’t that bad, managing to add more value as we got closer and closer to the date of the merge event. As things stand, Ether is valued at $1,587 (roughly Rs. It is done. last 24 hours.

Ether’s performance during the week so far drives the cryptocurrency’s value closer to last week’s, however. CoinGecko data suggests there’s more left to add before we get there.

Gadgets 360’s cryptocurrency price tracker shows that most major altcoins have had a mixed day over the past 24 hours. The global crypto market capitalization also saw a substantial drop of 0.59 percent late Tuesday and early Wednesday.

Cardano, Polygon and TRON saw gains in the past days, while Polkadot, Uniswap, Cosmos, Solana, Monero, Cosmos, Avalanche and BNB all saw slight price drops over the past 24 hours.

Memecoins Shiba Inu and Dogecoin also followed most of the altcoins with minor declines. Dogecoin is currently valued at $0.06 (approximately Rs.5) after a two percent drop in the last 24 hours, while the Shiba Inu is valued at $0.0000012 (approximately Rs.0.001000), up 5.99 percent from the previous day.

At the moment, in terms of trader sentiment, things are not looking quite up yet, although there are signs that we could be bottoming out soon.

In the context of crypto news headlines on Tuesday, Meta made headlines after revealing that users will have the ability to cross-post non-fungible tokens (NFTs) to Facebook and Instagram from this week. Meanwhile, the Federal Bureau of Investigation (FBI) has issued a new warning about attacks on decentralized finance (DeFi) platforms, claiming that hackers were exploiting loopholes in the smart contracts that govern these platforms. Huh.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a 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 alleged recommendation, forecast or any other information contained in the article.


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