Bitcoin briefly hits $22,000 before dropping while Ether starts week ‘consolidated’ with drop

Bitcoin, the world’s largest cryptocurrency by market capitalization, rallied as much as 3.3% at one point early Monday, briefly hitting $22,000 (about Rs 17.5 lakh) ago. when falling back again. As things settle down, Bitcoin’s value has seen a gain of more than 0.5% over the past 24 hours with its price currently hovering around the $21,700 mark (about $17.3 lakh) on exchanges. Globally, while Indian exchanges such as CoinSwitch and CoinDCX value BTC at $22,572 (approximately Rs. 17.98 lakh), 0.72% higher than Sunday morning.

On global exchanges like CoinMarketCap, Coinbase and Binance, Bitcoin price stands at $21,708 (about Rs 17.3 lakh) while CoinGecko data shows that the value of BTC is now 8.8 percent higher than it was last Friday.

Go to ‘Merge’ week, Ether continued its upward trajectory over the weekend although by early Monday the price had dropped a bit. When things are stable, Ether is valued at $1,826 (about Rs 1.45) on Indian exchanges while the value on global exchanges shows the value of the cryptocurrency at 1,728 dollars (about 1.37 lakh), where the value of the cryptocurrency has decreased by 2.05% over the last 24 hours.

Ether’s performance over the weekend shows that the cryptocurrency’s value is still a lot higher than it was last week, [CoinGecko data] ( shows that the world’s second largest crypto asset has increased by 10% in value every week.

Gadgets 360’s Cryptocurrency price tracker revealed that most major altcoins had a mixed performance at the beginning of the week. The global crypto market capitalization also saw a 0.53% gain through late Thursday and early Friday.

Polkadot, Cosmos, Solana, Cardano, Polygon, TRONand BNB All are down slightly in the last 24 hours. Meanwhile, Uniswap, Monero, avalancheand Chain link slight increase.

Memecoins Shiba Inu and Dogecoin also follow most altcoins with small gains to show. Dogecoin is currently worth $0.06 (about Rs 5.4) after losing 1.37 percent of its value in the last 24 hours, while, Shiba Inu was valued at $0.000013 (about Rs 0.001035), up 1.69 percent in the past day.

“Cryptocurrency market cap at $1.09 trillion (approximately 1,09,000 crore) with Bitcoin rising and hitting $22,000 (approximately 17.5 lakh) by breaking through price resistance held 2 weeks ago With Ethereum consolidation expected around September 13-15, ETH has increased significantly and returned 9.4% from last week.DeFi is leading the industry returns with weekly growth of 15% due to higher usage in lending and borrowing platforms, as more and more users continue to borrow Ethereum in anticipation of potential ETH 2.0 airdrops,” the team said. Researcher at CoinDCX told Gadgets 360.

Cryptocurrency is an unregulated digital currency that is not legal tender and subject to market risk. The information provided in the article is not intended and does not constitute financial advice, trading advice or any other advice or recommendation of any kind provided or endorsed by NDTV. NDTV will not be liable for any loss arising from any investment based on any perceived recommendations, forecasts or any other information contained in the article.

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