ETH overlaps BTC with gains as most altcoins rally with gains

ETH Overlaps BTC With Gains as Majority Altcoins Rebound With Profits

The crypto market made a comeback to recovery after opening on 1st September with losses for most cryptocurrencies. On Friday, September 2, bitcoin opened with a marginal loss of 0.40 percent. According to the Indian exchange Coinswitch Kuber, the cryptocurrency managed to maintain its price point of $19,976 (roughly Rs.16 lakh). Smaller losses on international exchanges also affected BTC. For example, according to Binance and CoinMarketCap, BTC is trading at $20,002 (approximately Rs.16 lakh) after a loss of around 0.40 percent.

Ether jumped over bitcoin to open with gains today. According to Gadgets 360’s cryptocurrency price tracker, ETH is currently trading at $1,571 (approximately Rs 1,25,100), up 1.29 percent.

It is worth mentioning that an energy-efficient upgrade to the Ethereum blockchain, called Merge, is also approaching a mid-September release. This is a major contributing factor as to why ETH did not follow its traditional test behind BTC and generate individual gains.

Tether, Binance USD, Ripple, Cardano, Solana, Polkadot and Polygon saw profits.

Even Dogecoin and Shiba Inu made profits with Uniswap and Litecoin.

Meanwhile, altcoins like Tron, AvalancheBTC in the NEAR protocol and Bitcoin Cash suffered losses as well.

The overall crypto market cap has grown by 1.16 percent in the last 24 hours CoinMarketCap,

The total valuation of the crypto market is $988.94 billion (approximately Rs 78,77,100 crore).

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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