September has been a challenging month so far for cryptocurrencies struggling to find stability in the market. On Tuesday, September 6, Bitcoin opened with a loss of 0.75 percent. According to Indian exchange CoinSwitch Kuber, BTC is currently trading at $19,748 (roughly Rs. 15.7 lakh). On international exchange Coinbase, however, BTC values rose by 0.96 percent to touch a price of $20,132 (roughly Rs. 16 lakh). BTC last year hit an all-time high of over $67,000 (roughly Rs. 49.5 lakh) in November 2021.
On the other hand, Ether is seeing daily gains. ETH is currently trading at $1,634 (roughly Rs. 1.30 lakh), according to Gadgets 360’s crypto price tracker, with a price gain of 3.73 percent. This follows a sustained price rise for ETH on the back of the merger. Merge, an energy-efficient upgrade of the Ethereum blockchain, is expected to be released in mid-September.
The price chart seemed split in half, with a bunch of altcoins in losses after BTC and the rest tagging along behind ETH with gains.
Stablecoins such as Tether, USD Coin and Binance USD saw losses joining BTC.
They were joined by Polkadot, Dogecoin, Shiba Inu, Avalanche and Tron.
Meanwhile, Binance Coin, Ripple, Solana, Polygon, Uniswap and Chainlink followed ETH to see gains.
Amid prevailing market volatility, crypto market valuations have fallen since early September and remain below the trillion-dollar mark.
The global crypto market cap stands at $988.03 billion (approx. Rs. 78,85,463 crore) and is up 0.62 percent from the previous day. CoinMarketCap,
As investors bid on the crypto sector, many scammers are turning to the industry to fish for unsuspecting victims.
Banking and crypto-related apps are at risk of being infected by malware, which is masquerading as apps on Google Play — Mr. Phone Cleaner and Kylhavy Mobile Security. The malware is capable of stealing cookies from accounts and bypassing authentication methods that require user input, such as fingerprints, so people need to take extra precautions before installing similar apps on their devices.
Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risk. The information provided in the article is not and is not intended to constitute financial advice, business advice or any kind of advice or recommendation offered or endorsed by NDTV. NDTV shall not be liable for any loss arising from any investment based on any perceived recommendations, estimates or any other information contained in the article.
