Bitcoin posted a small gain of 2.01 percent on Friday. Its trade value at the time of writing was $26,917 (approximately Rs. 22.3 lakh). This is only the second time this week that Bitcoin has managed to make gains. In the last 24 hours, the value of BTC has increased significantly by $562 (approximately Rs. 46,715). Market analysts are linking this gentle rise in crypto prices to a rebound in larger markets and slight improvements in overall macroeconomic conditions.
Ether posted a gain of 2.80 percent on Friday. The price ETH quoted today is $1,650 (approximately Rs. 1.37 lakh). Over the past day, the value of ETH increased by $46 (approximately Rs. 3,825), as shown by Gadgets 360’s crypto price chart.
Other cryptocurrencies trading in the green besides BTC and ETH include Binance Coin, Ripple and Cardano.
Dogecoin, Solana, Tron, Polkadot, Polygon, Shiba Inu and Litecoin also posted gains.
“M.Cap’s Top 20 Cryptos. appear to be trading in the green. ETH has outperformed BTC over the past 24 hours. This performance can be attributed to investment manager Valkyrie Funds LLC getting the green light from the SEC to add ETH Futures to its existing BTC Futures ETF. The renamed ETF will be launched by Valkyrie on Monday. Also, Ethereum developers are working on launching the Holesky test network and the process seems to be going smoothly before completion,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, told Gadgets 360.
The total crypto market capitalization rose to $1.07 trillion (approximately Rs. 88,92,828 crore) after gaining 2.12 percent in the past 24 hours. The crypto fear and greed index is back in the neutral zone with a score of 48/100.
The losses, meanwhile, hit Tether, USD Coin, Chainlink, Leo, Monero and Binance USD.
Augur, Bitcoin Hedge and Status also saw price drops today.
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