Bitcoin, the world’s largest cryptocurrency by market capitalization, took other crypto assets into a go-slow mode after falling more than 4% in value over the weekend. However, things have started to look better for the start of the week. The value of bitcoin has seen a marginal increase of 0.65 per cent over the past day, keeping its price below $20,000 (approximately Rs 15.97 lakh) on global exchanges, while Indian exchange Coinswitch Kuber BTC is valued at $19,873 (approximately Rs 15.97 lakh). . lakh), is 0.65 percent higher than yesterday.
The price of bitcoin on global exchanges like CoinMarketCap, Coinbase and Binance is $19,875 (approximately Rs 15.87 lakh), while CoinGecko information Shows that the value of BTC is currently up 1.1 percent compared to last Monday.
Moving on to the much awaited ‘Merge’ week, ether On the other hand it has continued to climb in value, managing to push its price higher over the weekend. As things stand, Ether is valued at $1,576 (roughly Rs. Increased. twenty four hours
Ether’s performance in the latter stages of the past week has again pushed the cryptocurrency’s value up significantly over the past week, CoinGecko data It states that the world’s second largest crypto asset has gained 9.5 percent in value week-on-week.
Gadgets 360 cryptocurrency price tracker Turns out that most of the major altcoins have posted modest gains over the past 24 hours. The global crypto market capitalization also saw a substantial increase of 0.81 percent in late Sunday and early Monday.
polka dot, uniswap, universe, solana, monero, universe, Avalanche, cardano, polygon, tronAnd bnb All saw slight gains in the last 24 hours.
Memecoins Shiba Inu and Dogecoin also followed most of the altcoins with minor price movements. dogecoin After a 0.85 percent increase in value in the last 24 hours, it is currently valued at $0.06 (approximately Rs 5.3), whereas, Shiba Inu Its value is $0.000013 (approximately Rs.0.001018), which is a 3.76 percent increase over the previous day.
“The global crypto market has been on a bearish trend as sellers have become more active over the past week. Bitcoin is struggling to cross the $20,000 (approximately Rs. 71 percent down. – High. If not, it may fall to the $18,000 (approx Rs 14.37 lakh) support level,” explains Edul Patel, CEO and co-founder of crypto investment firm Mudrex, while talking to Gadgets 360.
“Ethereum, the second largest cryptocurrency, is also struggling near the $1,600 (approx Rs 1.27 lakh) resistance level. A bearish trend in the $1,400 (approx Rs 1.11 lakh) area could result in a drop in ETH price to the next support. Levels at $1,260 (approx Rs 1 lakh). Overall, a bearish trend remains in the crypto market, and we may see a correction in the coming weeks,” says Patel.
Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.