The price of bitcoin is slowly rising as volatility has disappeared after the Consumer Price Index (CPI) print on October 13. Since then, BTC has been attempting to rally higher, but has been met with resistance from bears. As things stand, the value of bitcoin has fallen by 1.05 percent over the past 24 hours, taking its price to around $19,300 (roughly Rs.15.89 lakh) on global exchanges, while Indian exchanges like CoinDCX value BTC at $20,217. (approx Rs 16.64). lakh), 0.54 per cent lower than where its value was on Tuesday.
Bitcoin is priced at $19,275 (approximately Rs 15.87 lakh) on global exchanges such as CoinMarketCap, Coinbase, and Binance, while CoinGecko information Shows that the value of BTC is now down 0.8 percent compared to last Tuesday.
ether, the second largest cryptocurrency by market cap, has seen a slight decline in value over the past 24 hours, in the range of around $1,300 (approximately Rs 1.07 lakh). Ether is currently up about 1.05 percent over the past 24 hours on global exchanges. Meanwhile, on Indian exchanges, ETH is valued at $1,371 (roughly Rs.
Gadgets 360 cryptocurrency price tracker Ether as well as the value of most major altcoins fell 1.5 percent between Tuesday and early Wednesday, along with global crypto market capitalization numbers.
cardano, Avalanche, universe, solana, chain link, moneroAnd bnb All saw some slight drop in price. During this, polygon, tronAnd uniswap Saw slight gains.
However, the Memecoin Shiba Inu and Dogecoin did not have the best of the week. dogecoin It is currently valued at $0.05 (about 4.92), after a 0.05 percent drop in value over the past 24 hours, whereas, Shiba Inu Its value is $0.00001 (approximately Rs 0.000832), which is 2.42 percent less than the previous day.
“Global crypto market cap stood at $975 billion as bitcoin continues to range between $19,000 – $20,000 (approximately Rs 15.65 – 16.47 lakh) as bear market consolidation continues. on-chain metrics Suggesting that we are in the midst of a huge accumulation period, as whale wallets holding 1000-10,000 BTC continue to increase their holdings, suggesting that smart money dip purchases amid increasing macroeconomic uncertainty. whose price is already bearish.
While the broader crypto markets are relatively flat, there have been several positive developments in the industry. Recently, in a conference before Indian FM Nirmala Sitharaman G20 summit was outlined A promise to advocate for the natural progress of crypto technology by underlining the need for a global technology-driven regulatory framework that does not impede the natural course of the industry, acknowledging that blockchain technology will play an important role and the existing fintech ecosystem will benefit. Developing various web3 start-ups and potential unicorns by leveraging India’s vast developer talent pool.
This is a promising move and a much-needed change in stance given the economic transfer inherent in countries with brain drain and friendly rules, one can expect that this is the initial step of positive rules of the future which will make India competitive and proactive. will make The research team at CoinDCX tells Gadgets 360 that it’s a necessity for a modern economic superpower when it comes to developing and adopting new technologies.
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.