Crypto price charts are showing a recovery for most altcoins, which lost value in September. On Tuesday, September 27, Bitcoin opened trading with a gain of 5.64 percent. According to Gadgets 360’s crypto price tracker, BTC is trading at $19,925 (roughly Rs. 16 lakh). Along similar lines, BTC’s market movement was brightened by gains on international exchanges. For instance, Binance and CoinMarketCap saw the price ladder climb by 6.59 percent to trade at around $20,144 (roughly Rs. 16.5 lakh).
Ether rose 6.14 percent to $1,385 (roughly Rs. 1.12 lakh), Gadgets360’s crypto price tracker showed. The development comes twelve days after Ethereum’s energy-efficient Merge upgrade went live on September 15.
Binance Coin, Cardano, Solana, Dogecoin and Polkadot joined BTC and ETH in seeing gains.
Dogecoin and Shiba Inu also saw gains along with Polygon, Tron, Avalanche and Uniswap.
Meanwhile, losses were reported by some other altcoins including Tether, Ripple, Binance USD, Litecoin and Stellar.
“The global crypto market has been falling over the past week as market participants worry about inflation and recession. If BTC can close above the $19,600 (roughly Rs. 16 lakh) resistance this week, we may see signs of a bullish reversal soon,” Edul Patel, CEO and Co-Founder of Mudrex told Gadgets 360.
The global crypto market cap increased by 4.60 percent to $967.67 billion (Rs. 78,70,408 crore approx). CoinMarketCap,
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