Bitcoin and the broader crypto market haven’t seen a massive increase in value over the past 24 hours, but things have improved overall, with the global crypto market capitalization increasing by a percentage daily. raised. As it stands, the price of the world’s largest cryptocurrency by market value hovers around $21,000 (roughly Rs. 16.5 lakh) on global exchanges while Indian exchange CoinSwitch Kuber Bitcoin is valued at $22,175 (roughly Rs. 17.3 lakh), up 2.96% in the past 24 hours.
On global exchanges like CoinMarketCap, Coinbase and Binance, the price of Bitcoin stands at $21,035 (roughly Rs. 16.5 lakh) while data from CoinGecko shows that the value of BTC is currently in the green of 3 .1% week over week.
As Bitcoin continues to hover around the $21,000 mark (roughly Rs. 15.5 lakh), Ether has also made gains. At press time, Ether is valued at $1,209 (roughly Rs. 95,000) on CoinSwitch Kuber while values on global exchanges see the value of the crypto at $1,146 (roughly Rs. 90,000), where the cryptocurrency is up 5.75% in the past 24 hours.
Ether’s price movement over the past 24 hours sees the cryptocurrency’s value turn green by nearly 8% from last week’s value, according to data from CoinGecko.
Gadgets 360’s cryptocurrency price tracker reveals that most major altcoins have seen substantial gains over the past day – the global crypto market capitalization has increased by 3.61% in the past 24 hours. BNB, Polkadot, Avalanche, Solana, and Chainlink all scored gains, while Polygon topped the winners board, adding more than 20% in value.
Memecoins Shiba Inu and Dogecoin had a good run this week and continued to add more value. Dogecoin is currently valued at $0.06 (roughly 5.4 rupees) after gaining more than 1.9% in value over the past 24 hours, while Shiba Inu is valued at $0.000011 (roughly 0.000849 rupees), up 1.43% over the past day.
“Markets trended lower early in the trading session before eventually paring losses. The continued risk appetite follows the Fed’s acknowledgment that a recession is ‘certainly a possibility’ and that a soft landing is ‘very difficult.’ Months will likely see continued weakness in the markets as we expect investors to take a more cautious stance in managing their portfolios,” the team said. CoinDCX research at Gadgets 360.