The crypto market is undoubtedly headed for a recovery after months of market turmoil and sustained losses. On Wednesday, August 17, Bitcoin held its value at $25,800 (roughly Rs. 25.80 lakh) despite a 0.34 percent retail price drop, according to Indian exchange CoinSwitch Kuber. The world’s first cryptocurrency, which has ruled the crypto empire till date, has maintained a healthy price point on international exchanges as well. For example, according to Binance and CoinMarketCap, BTC is currently trading at $24,011 (roughly Rs. 19 lakh).
Ether started trading at $2,064 (roughly Rs. 1.65 lakh), with a marginal gain of 0.22 percent, according to Gadgets 360’s Crypto Process Tracker.
In a traditional market movement, the majority of altcoins see gains following the top two cryptocurrencies.
USD Coin, Cardano, Ripple, Solana, Polkadot and Avalanche emerged among the gainers today.
Both meme coins, Dogecoin and Shiba Inu along with Tron, Litecoin, Chainlink as well as Cosmos increased their gains.
While most cryptocurrencies rallied, a handful of altcoins suffered losses.
These include Tether, Polygon, Unisap and Baby Dogecoin.
The global crypto market cap currently stands at $1.15 trillion (roughly Rs. 91,62,291 crore), up 1.25 percent from the previous day.
