BTC, ETH reflect gains as overall crypto market rallies 4.30 percent in 24 hours
The crypto market seems to be on its way to recovery amid the FTX crash that is still settling down. Bitcoin on Tuesday, November 15th rallied 4.46% to trade at $16,668 (about Rs 13.5 lakh). The first cryptocurrency also recorded a price increase of about 5% on international exchanges. For example, according to Binance and Coinbase, the BTC value is hovering near the $16,736 price point (about Rs 13.6 lakh).
ether follow Bitcoin to record small, but significant profits. With a 6.30% increase, the ETH price has touched a price of $1,253 (approximately Rs 1.01), as reflected on Cryptocurrency price tracker by Gadgets 360.
The majority of cryptocurrencies have rallied along with BTC and ETH on the upside. Including fastener, Binance Coins, USD, Ripple, Cardano, polygon, polka dotsand solana.
Dogecoin and Shiba Inu also recognized profit.
“The highest volatility has returned to the crypto market as Bitcoin tests new lows with indecision and market volatility currently underway due to promising macroeconomic indicators. FTX mishandling user funds and having poor risk management policies lead to fear across the industry reiterating the desperate need for transparency and specific regulation around stablecoin flows and associated leverage theirs,” the CoinDCX team told Gadgets 360.
FTX . Token and Bend however, do not show any profit and settle with losses.
The global crypto market capitalization currently stands at $844.16 billion (approximately Rs 68,60,802) after increasing by 4.40% in the past 24 hours.
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