After a day of low trading, the majority of cryptocurrencies entered Tuesday, October 4 with gains. Bitcoin, with a price increase of 1.96%, opened trades at $19,554 (about Rs 15.80) according to Gadgets 360’s crypto price tracker. Returns on the same scale also affected to Bitcoin on international exchanges. For example, according to Binance and CoinMarketCap, Bitcoin is trading at $19,596 (approximately Rs 16 lakh) after capturing gains of up to 2.20 percent. Experts have predicted that if the BTC price exceeds the $20,000 price point (approximately Rs. 16.30 lakh), the majority of cryptocurrencies will recover in the long run.
Ether get bigger profit Bitcoin. Almost two weeks after the launch of Ethereum’s eco-friendly upgrade called Consolidation, the ETH price has hit a price of $1,322 (approximately Rs. 1.07 lakh). According to Gadgets 360, the price of ETH has increased by 2.25%.
The majority of altcoins have followed BTC and ETH on the upside.
These include stable coins like Tether, Binance USDand Ripple as well as other altcoins including Binance Coin, Cardano, Solana, Polkadotand Polygon.
Coins Meme Shiba Inu and Dogecoin also saw a price increase.
The global crypto market capitalization has grown by 1.75% to reach a valuation of $943.77 billion (about 7,697 crore), according to CoinMarketCap.
Meanwhile, only Tron, Stellar, Bitcoin SVand Terra emerged as losing altcoins.
Against the backdrop of widespread market volatility and investors’ low risk preference, the number of Bitcoin ATMs has also declined globally. Nearly 800 ATMs were withdrawn from the global cryptocurrency network in September alone.
Cryptocurrency is an unregulated digital currency that is not a legal tender and is 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 recommendations, forecasts or any other information contained in the article.
