Bitcoin, the world’s most valuable cryptocurrency according to market capitalisation, rose up to 3.3 per cent at one point Monday morning, briefly reaching $22,000 (roughly Rs. 17.5 million before falling back again. Bitcoin’s value has risen by more than 0.5 percent over the past 24 hours. It is currently trading at around $21,700 (roughly Rs. 17.3 lakh) across all global exchanges. CoinSwitch, CoinDCX and CoinDCX value BTC around $22,572 (roughly R. 17.98 lakh. This is 0.72 percent less than Sunday morning.
Bitcoin’s price is currently at $21,708 (roughly Rs. 17.3 lakh), while CoinGecko Data BTC’s value today is 8.8 per cent higher than last Friday.
Ether continues its upward trend into Monday’s ‘Merge week’, although the price took a little dip early Monday. Ether’s current value is $1,826 (roughly Rs. 1.45 lakh) across Indian Exchanges. Global exchanges see Ether’s value as $1,728 (roughly R. 1.37 lakh), where the crypto’s value has dropped by 2.05 per cent over the past 24 hour.
Ether’s performance over the weekend saw its value rise a lot more than it did last week. [CoinGecko data] (https://www.coingecko.com/en/coins/ethereumThe ) indicates that the world’s second largest crypto asset has increased 10 percent in value each week.
Gadgets 360’s cryptocurrency price monitor reveals that the majority of major altcoins had a mixed start to the week. Global crypto market capitalisation saw a 0.53 percent increase between late Thursday and Friday.
Over the past 24 hours, Polkadot and Cosmos saw minor losses. Uniswap saw minor gains, Monero and Avalanche experienced slight losses, Chainlink also saw minor gains.
Memecoins Shiba Inu followed Dogecoin, as did most altcoins with minor improvements. Dogecoin currently has a value of $0.06 (roughly Rs. 5.4) lost 1.37 per cent in value within the last 24 hours. Shiba Inu is now valued at $0.000013 (roughly R. 0.001035, an increase of 1.69 percent in the last day.
The crypto market cap stands at $1.09 trillion, roughly Rs. 1,09,000 crore. Bitcoin has gained traction and reached $22,000 (roughly R. 17.5 lakh) after surpassing resistance set by the prices of two weeks ago. The Ethereum merge is expected between September 13-15. Ethereum returned 9.4 percent in the past week. DeFi is leading the sectoral growth with a weekly increase of 15 percent. This is due to a higher utilisation of lending and borrowing platforms in anticipation of potential ETH2.0 airdrops.
Cryptocurrency, a digital currency that is unregulated and not a legal tender, is subject to market risks. The article contains no financial advice, trading advice, nor any other advice or recommendation. NDTV does not endorse the content. NDTV will not be responsible for any loss arising out of any investment based solely on the forecasts, recommendations or other information contained within the article.
