Tech

BTC, ETH, Majority of Cryptocurrencies gather in green, Stablecoins see losses


The first week of September turned out to be quite a rough one for the crypto sector, which has slid down from its trillion-dollar valuation amid a highly volatile market. The market seems to be on the way to recovery. Bitcoin on Thursday, September 8, opened trading with a profit of 2.56%. According to the Gadgets 360 cryptocurrency price tracker, BTC is trading at $19,226 (about Rs. 15.30 lakh). On international exchanges as well, BTC has increased by more than 2.70 percent and stayed at the same price of $19,253 (about Rs. 15 lakh).

Ether profits even fatter than Bitcoin. Follow price tracker, ETH has seen a price increase of 7.74%. Currently, ETH is trading at $1,627 (about Rs. 1.30).

Binance Coin, Ripple, Cardano, Solanaand Polkadot visible increase.

Even Dogecoin and Shiba Inu pocket profit with Tron, avalanche, Uniswapand Litecoin.

While the majority of altcoins rallied accordingly, stablecoins failed to join the rally.

Tether, Money USDand Binance USD discount.

The global crypto market cap stands at $979.22 billion (approximately Rs 78,06,033 crore) with a 4.77% increase from the previous day, data from CoinMarketCap disclosure.

Despite the volatility, the crypto sector has no shortage of backing from wealthy venture capital firms.

In the first half of this year alone, the crypto sector successfully completed 725 transactions and investments worth $14.2 billion (approximately Rs 1,13,500), a new report by Cointelegraph. KPMG has announced.

The trademark registration application around crypto, Web3, metaverse and NFT are also on the rise.

In its latest report, International Monetary Fund (IMF) acknowledged that cryptocurrency adoption has gone mainstream, leading to the need for a global regulatory standard.


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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