Bitcoin recorded a 1.76 percent gain on Monday, October 23. At the time of writing, Bitcoin was trading at $30,267 (roughly Rs. 25 lakhs). For the first time since July, Bitcoin’s daily price has crossed $30,000 (roughly Rs. 24.9 lakh). Over the weekend, the price of Bitcoin rose significantly to $1,077 (approx. Rs. 89,545) from last week’s trading price of $29,190 (approx. Rs. 24 lakh).
Ethereum I have seen bigger profit Bitcoin, with a 3.63 percent price increase, ETH is currently valued at $1,688 (roughly Rs. 1.40 lakh). Since last Friday, the price of ETH has increased by $104 (roughly Rs. 8,646).
“Last week, both ETH and BTC erased price gains from the recent mini-rally following the Ethereum blockchain’s Shanghai upgrade. Bitcoin fell below $30,000 (roughly Rs. 24.9 lakh) to trade around $27,800 (roughly Rs. 23 lakh), but technical cues remain encouraging. A retest of the support zone and a break above $22,000 (roughly Rs. 18.2 lakh) could indicate further upside momentum,” WazirX Vice President Rajagopal Menon told Gadgets360.
As of Monday, the overall crypto market valuation has increased by 2.29 percent in the last 24 hours. Currently, the crypto market capitalization stands at $1.17 trillion (approximately Rs. 97,27,046 crore), as shown CoinMarketCap,
“The altcoin rally, on the other hand, has been led by the Chainlink token. LINK (15.3 percent) has broken its 18-month resistance and is up a whopping 50 percent in the past four days. Given how well the project has done fundamentally over the past few months, including the change in tokenmix, this price move should not come as a surprise to crypto investors,” Shubham Hooda, senior manager at CoinSwitch Markets Desk, told Gadgets360. “Another crypto on investors’ watchlist for the next few days could be DOT (+3.1%) as more than $400 million worth of DOT is being unlocked around October 24 for retail investors who loaned DOT tokens to vote. took.”
Cryptocurrency is an unregulated digital currency, 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 kind of advice or recommendation given or endorsed by NDTV. NDTV shall not be liable for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.