Bitcoin Speaks $22,000 Before It Begins 'Merge' Week on a Slump Despite Being Briefly Hits $22,000 Before It Begins 'Merge' Week

Bitcoin Speaks $22,000 Before It Begins 'Merge' Week on a Slump Despite Being Briefly Hits $22,000 B ...

Bitcoin, the world''s largest cryptocurrency by market capitalization, rose as much as 3.3 percent at one point on early Monday, briefly scaling $22,000 (roughly Rs. 17.5 lakh) before returning again. As things stand, Bitcoin has increased by more than 0.5 percent in the last 24 hours, with its price now reaching $22,700 (roughly Rs. 17.3 lakh) across global currencies, while Indian exchanges like CoinSwitch and CoinDCX value BTC at $22,572 (roughly Rs. 17.98 lakh

Bitcoin''s price is $21,708 (roughly Rs. 17.3 lakh) on global exchanges, according to CoinGecko''s data, while BTC''s value is currently 8.8 percent higher than it used last Friday.

Ether has crossed the line for the weekend, although come early Monday, the price has seen a slight drop. Ether is valued at $1,826 (roughly Rs. 1.45 lakh) across Indian exchanges, with values on global exchanges seeing the cryptocurrency''s value at $1,728 (roughly Rs. 1.37 lakh), where the cryptocurrency''s value has dropped by 2.05 percent in the last 24 hours.

Ether''s valuation over the weekend has increased by ten percent from the previous week. [CoinGecko data]

The cryptocurrency price tracking tool for Gadgets 360 shows that most major altcoins have had a mixed start to the week. The global cryptocurrency market capitalization also saw a 0.53 percent increase through late Thursday and early Friday.

Polkadot, Cosmos, Solana, Cardano, Polygon, TRON, and BNB all suffered minor losses in the last 24 hours. Uniswap, Monero, Avalanche, and Chainlink also suffered minor gains.

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Shiba Inu and Dogecoin have both followed the majority of altcoins, with minor ups to show for. Dogecoin is currently valued at $0.06 (roughly Rs. 5.4) after losing 1.2 percent in value in the last 24 hours, while Shiba Inu is valued at $0.000013 (roughly Rs. 0.001035), up 1.9 percent from the previous day.

"The crypto market cap is at $1.09 trillion (roughly Rs. 19.5 lakh) with Bitcoin gaining traction and reaching $22,000 (roughly Rs. 17.5 lakh) as a result of the Ethereum merger. DeFi is leading the sectoral returns with a weekly increase of 15 percent due to a higher utilisation rate in lending and borrowing platforms. "This is the latest time of year, the technology company says.

Cryptocurrency is a non-regulated digital currency, which is subject to market risks. The information provided in the article is not intended to be or does not constitute financial advice, trading advice, or other advice or advice of any kind, offered orendorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast, or other information contained in the article.