As per Gadgets 360''s crypto price tracker, majority cryptocurrencies entered the day with a modest price drop of 0.97 percent. Bitcoin stepped into the trading game today at the price point of $19,984 (roughly Rs. 16.5 lakh) and BTC levels are hovering around the $20,015 mark, with a modest daily value drop of over one percent.
Today, Ether prices saw a slight decline. A loss of 0.53 percent boosted the ETH market by $1,355 (roughly Rs. 1.11 lakh) according to Gadgets 360''s crypto price tracking tool.
On this stage, Binance Coin, Ripple, Cardano, Solana, and Polkadot were caught tailing BTC and ETH on the loss trail.
Dogecoin and Shiba Inu also saw losses.
Crypto markets have remained stable this week, with overall market capitalization approaching the $1 trillion level, while BTC has been trading range-bound around $20,000 (roughly Rs. 18 lakh) at a macroeconomic level. Parth Chaturvedi, a crypto ecosystem leader, said of CoinSwitch Kuber, the newly formed UK government, who opted to reverse the proposed tax cuts.
A quite small number of altcoins walked the way in their kitties.
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These include Tether, USD Coin, Polygon, Tron, Stellar, and Elrond among others.
As per CoinMarketCap, the global cryptocurrency market cap has decreased by 1.68 percent in the last 24 hours.
The worldwide cryptocurrency valuation is currently at $957.65 billion (roughly Rs. 78,76,559 crore).
The CRE8 Index in India climbed by 1.2 percent, indicating global sentiments. From 08:00 IST on October 7, the Index Value (sum of crypto asset values of all the crypto assets in the CRE8 Index) stood at Rs. 2678.62.BTC and ETH were the leading assets by market capitalization. From September 30 to October 7, the CRE8 index fell significantly by 0.008 percent, from Rs. 2678.84 to Rs. 2678.62.
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