Bitcoin showed a price increase for the second day on Friday, September 15. The value of the most expensive cryptocurrency has risen by 1.30 percent in the past 24 hours. At the time of writing, Bitcoin was trading at $26,567 (approximately Rs. 22 lakh). In the last 24 hours, the value of BTC has increased by $7 (approximately Rs. 581). Industry experts have noted that the overall market sentiment looks bullish with most cryptocurrencies witnessing decent price appreciation. As for Bitcoin, it needs to cross the $27,000 mark (approximately Rs. 22.4 lakh) to maintain its upward trajectory.
Ether grew in value by 1.01 percent on Friday. This took the price of Ether to the $1,633 mark (approximately Rs. 1.35 lakh). Ether has increased in value by $11 (approximately Rs. 913) in the last 24 hours.
“This price change could be the result of the European Central Bank (ECB) signaling that their 0.25 percent increase in three key interest rates could be the last in this current cycle. The Bank has increased the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility to 4.50 percent, 4.75 percent and 4.00 percent respectively. Deposit facility rates are at their highest level since 2001,” Edul Patel, co-founder and CEO of Mudrex, told Gadgets 360.
The crypto price chart reflected Friday’s top-to-bottom gains.
Binance Coin, Ripple, USD Coin, Cardano, Dogecoin, Solana, Polygon, and Polkadot all posted small gains today.
Other cryptocurrencies traded in the green include Litecoin, Shiba Inu, Bitcoin Cash, Leo, Avalanche, Chainlink, Stellar and Monero.
“The crypto market has received a boost with the announcement by Deutsche Bank – the largest German lender – that it would offer digital asset custody and tokenization services. Another development that may have supported the uptrend could be signals from the European Central Bank to put an end to interest rate hikes in the Eurozone,” Parth Chaturvedi, Investments Lead at CoinSwitch Ventures told Gadgets 360.
The total valuation of the crypto market has increased by 1.31 percent in the past 24 hours. This took the market cap to $1.06 trillion (approximately Rs. 88,04,964 crore), according to CoinMarketCap. The crypto fear and greed index remains in the fear zone with a score of 45/100.
Cartesi, Augur and Gas, meanwhile, recorded losses.
Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information contained in this article is not intended and does not constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.
