Bitcoin and the broader crypto market haven’t seen a massive appreciation in the past 24 hours, but overall things have been going well with the global crypto market capitalization rising at a healthy percentage day after day. As things stand, the price of the world’s largest cryptocurrency by market value hovers around $21,000 (approximately Rs. 16.5 lakh) on global exchanges, while Indian exchange CoinSwitch values Kuber Bitcoin at $22,175 (approximately Rs. Rs. 17.3 lakh), up 2.96 percent in the past 24 hours.
On global exchanges such as CoinMarketCap, Coinbase and Binance, the price of Bitcoin stands at $21,035 (about Rs. 16.5 lakh), while CoinGecko data shows that the value of BTC is currently in the green at 3.1 percent day-to-day state.
While Bitcoin continues to hover around $21,000 (about Rs. 15.5 lakh), Ether also made some gains. At the time of publication, Ether is valued at $1,209 (approximately Rs. 95,000) on CoinSwitch Kuber, while values on global exchanges see the crypto’s value at $1,146 (approximately Rs. 90,000), where the cryptocurrency has been down by 5 in the past. .75 percent is up 24 hours.
Ether’s price movement over the past 24 hours is causing the cryptocurrency’s value to turn green by nearly 8 percent compared to last week’s value, according to CoinGecko data.
The DailyExpertNews cryptocurrency price tracker reveals that most major altcoins have made significant gains in the past day – as the global crypto market capitalization has surged 3.61 percent in the past 24 hours. BNB, Polkadot, Avalanche, Solana and Chainlink were all clear gains, while Polygon topped the gains list, adding over 20 percent in value.
Memecoins Shiba Inu and Dogecoin have done well this week and have continued to add more value. Dogecoin is currently valued at $0.06 (approximately Rs. 5.4) after gaining more than 1.9 percent in value in the past 24 hours, while Shiba Inu is valued at $0.000011 (approximately Rs. 0.000849 ), up 1.43% in the past day.
“Markets fell in the early trading session before finally capping losses. The continuation of risk appetite follows the Fed’s acknowledgment that a recession is ‘definitely a possibility’ and that a soft landing is ‘very challenging’. of months is likely to see continued weakness in the markets as we expect investors to take a more cautious stance in managing their portfolios,” CoinDCX’s research team told DailyExpertNews.
