Bitcoin and the wider cryptocurrency market traded sideways for most of Thursday, but have maintained the momentum we''ve noticed in the past few days as whales begin reaccumulating BTC, hoping for a bullish run. As things stand, the value of Bitcoin has increased by 1.4 percent in the last 24 hours, with its price now reaching $20,350 (roughly Rs. 16.14 lakh) on global exchanges, while Indian exchanges like CoinDCX pay $20,998 (roughly Rs. 17.14 lakh) at an
Bitcoin''s price is $20,363 on global exchanges like CoinMarketCap, Coinbase, and Binance, according to CoinGecko. The value of BTC is now 4.4 percent higher than it was last Thursday.
Ether, the largest smart contracts token, had a positive week so far, and the trend has continued. Ether is currently up by about 1.48 percent in the past 24 hours, trading in the $1,350 (roughly Rs. 1.1 lakh) range across global markets. ETH is also valued at $1,428 (roughly Rs. 1.17 lakh) where values are up by 2.9 percent over the previous day.
The cryptocurrency price tracker for Gadgets 360 shows that the majority of major altcoins had a similar increase mid-week, with the global cryptocurrency market capitalization also increasing by 0.9 percent between late Wednesday and early Thursday.
Cardano, Avalanche, Uniswap, Cosmos, Solana, Polygon, TRON, Monero, Chainlink, and BNB have all gained over the last 24 hours.
Shiba Inu and Dogecoin are both seeing some upside to their value mid-week. Dogecoin is currently valued at $0.06 (roughly Rs. 5.3) after adding 0.85 percent in value in the last 24 hours, while Shiba Inu is valued at $0.000012 (roughly Rs. 0.00094) and is up 0.22 percent over the past day.
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The price of Bitcoin and others had slowed. There was a possibility that the market would lose momentum, but the recent changes have further strengthened it. As the market has retained momentum, it appears to have added fresh gains to the investors'' capital. The bullish trend is likely to continue, strengthening it further as it increases resistance levels for several coins.
Mcdonald''s has become the latest name to include Bitcoin and Tether to payment options. According to the latest updates, the company has announced that it will accept the two coins in Lugana, Switzerland. There are risks that it will expand the accepted cryptocurrency to other areas.
Cryptocurrency is a non-regulated digital currency, not a legal tender, and subject to market risks. The information provided in the article is not intended to be or does not constitute financial advice, trading advice, or any other other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss resulting from any investment based on any perceived recommendation, forecast or other information contained in the article.