After a roller-coaster market ride in August, the crypto world took to the first day in the month of September with more reds than greens. Bitcoin entered the trading zone on Thursday, September 1, with a slight decline of 0.24 percent. According to the Indian exchange CoinSwitch Kuber, BTC is currently trading at $20,000 (approximately Rs 16 lakh). Small losses on international exchanges also affected bitcoin. For example, on CoinMarketCap and Binance, BTC was trading at the same price point as around $20,000, down 0.61 percent on the price ladder.
Ether entered September with huge losses compared to BTC. According to Gadgets 360’s crypto price tracker, ETH is trading down 2.54 percent at $1,542 (roughly Rs.
Most of the altcoins including Tether, Binance Coin, Binance USD, Ripple, Cardano and Solana posted losses.
Memecoin Dogecoin and Shiba Inu both also failed to make gains.
According to CoinMarketCapThe global crypto market cap declined 0.88 percent in the last 24 hours.
Currently, the market valuation of the crypto industry is $983.35 billion (approximately Rs 78,22,400 crore).
Amidst the market volatility, Polygon and Stellar emerged as altcoins that managed to post small but significant gains.
In fact, UNUS SED LEO, NEAR Protocol, Terra and Doge Killer also contributed with greens on the otherwise red-dominated price chart.
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.
