For the First Time in October, Bitcoin surpassed $20,000, and Altcoins picked up the BTC Momentum

For the First Time in October, Bitcoin surpassed $20,000, and Altcoins picked up the BTC Momentum ...

After experiencing a turbulent month of October so far, Bitcoin and the wider cryptocurrency market rose by 2.57 percent in the last 24 hours, with the price of Bitcoin rising by 2.57 percent from the previous day, doubling by the same level as the $20,100 mark across global markets. CoinDCX has raised $21,066, according to a new estimate, compared to the same month on early Tuesday.

Bitcoin is valued at $20,128 on global exchanges like CoinMarketCap, Coinbase, and Binance, according to CoinGecko. The value of BTC is now 5.4 percent lower than it has been on Wednesday.

Ether, the largest smart contracts token, had begun the week on a bit of an upturn and that bullish momentum has continued. Ether is currently up by 1.5 percent in the past 24 hours, trading in the $1,350 (roughly Rs. 1.16 lakh) range across global markets. Meanwhile, on Indian exchanges, ETH is valued at $1,432 (roughly Rs. 1.16 lakh) where values are up by 2.39 percent in the previous day.

The cryptocurrency price tracker for Gadgets 360 reveals that the majority of major altcoins had a similar increase midweek, with the global crypto market capitalization also climbing 1.95 percent through late Tuesday and early Wednesday.

Cardano, Avalanche, Uniswap, Cosmos, Solana, Polygon, TRON, Monero, Chainlink, and BNB have all made significant gains in the last 24 hours.

Shiba Inu and Dogecoin have a similar flaw. Dogecoin is currently valued at $0.06 (roughly Rs. 5.26) after increasing 5.1 percent in value over the past 24 hours, while Shiba Inu is valued at $0.000011 (roughly Rs. 0.000936), up 3.09 percent over the previous day.

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"The 24-hour Bitcoin trading volume jumped by a whopping 35 percent to exceed $33 billion (roughly Rs. 2,68,783 crore)" as investors around the globe are looking at older assets to safeguard their financial objectives. Bitcoin surpassed its lifetime high of $69,000 (roughly Rs. 56.2 lakh) in November last year, according to Tarusha Mittal, the CEO and co-founder of UniFarm, who talked about Bitcoin moving beyond $20,000 for the first time in October.

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