Bitcoin has struggled to hold a psychologically important threshold as investors fret over a continuation of the US central bank’s currency hawkish trend tied at least in part to low unemployment. in history. Bitcoin’s value has seen a slight decline over the past day of 0.62% with its price continuing to hover just above the $20,000 mark (around Rs 16 lakh) on global exchanges, while Bitcoin Indian exchange CoinSwitch Kuber values BTC at $20,190 (about Rs. 16.10 lakh), one percent higher than yesterday.
On global exchanges like CoinMarketCap, Coinbase, and Binance, Bitcoin price stands at $20,244 (about Rs. 16.20 lakh), while CoinGecko data shows that the value of BTC is now 5.8 percent lower than it was last Wednesday.
Ethermidweek blues on the other hand isn’t as bad, managing to add value as we get closer and closer to the Consolidation event date. When things settle, Ether is valued at $1,587 (about 1.30 lakh) on CoinSwitch Kuber, while the value on global exchanges shows the value of the cryptocurrency at $1,592 (about $1.30). .30 lakh), where the value of the cryptocurrency has increased by 1.04 percent in the past 24 hours.
Ether’s display of the week so far shows the cryptocurrency’s value is once again moving closer than it was last week, despite CoinGecko Data suggests that there’s more left to add before it gets there.
Gadgets 360’s Cryptocurrency price tracker revealed that most major altcoins have had a mixed day in the past 24 hours. The global crypto market capitalization also saw a significant 0.59% drop through the end of Tuesday and early Wednesday.
Cardano, Polygonand TRON has increased in the past day, while Polkadot, Uniswap, Cosmos, Solana, Monero, Cosmos, avalancheand BNB all of which have fallen slightly in value over the past 24 hours.
Memecoins Shiba Inu and Dogecoin also followed most altcoins with slight declines. Dogecoin is now worth $0.06 (about Rs 5) after losing two percent of its value in the last 24 hours, while Shiba Inu was valued at $0.000012 (about Rs 0.001000), up 5.99 percent in the past day.
In terms of traders’ sentiment at the moment, things are still bleak, although there are signs that we could bottom out soon.
On Tuesday’s crypto news headlines, Meta made headlines after revealing that users will be able to cross post non-fungible tokens (NFTs) on Facebook and Instagram from this week. Meanwhile, the Federal Bureau of Investigation (FBI) issued new warning regarding attacks on decentralized finance (DeFi) platforms, claiming that hackers are taking advantage of flaws in the smart contracts that control these platforms.
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 perceived recommendations, forecasts or any other information contained in the article.
