Bitcoin falls below $20,000 over the weekend as Fed pressure plummets, putting Ether at a price of $1,350

Bitcoin falls below $20,000 over the weekend as Fed pressure plummets, putting Ether at a price of $ ...

Bitcoin''s price has continued to slew in a relatively tight range recently, retaining its value even as US Federal Reserve policies put Bitcoin at risk. As things stand, the value of Bitcoin has decreased by 0.1 percent in the last 24 hours, with its price now reaching $19,440 (roughly Rs. 16.02 lakh) across global currencies, while Indian exchanges like CoinDCX valued BTC at $20,389 (roughly Rs. 16.8 lakh) this week.

Bitcoin''s price is now at $19,408 (roughly Rs. 16.02 lakh) on global currencies like CoinMarketCap, Coinbase, and Binance, according to CoinGecko. BTC''s value is now 2.1 percent higher than it was last Monday.

Ether, the largest smart contracts token, has shown a lack of interest from investors, which can be explained by the low trading volumes over the weekend. Ether is currently up by roughly 0.39 percent over the past 24 hours, continuing to trade in the $1,350 (roughly Rs. 1.13 lakh) range across global exchanges. ETH is also valued at $1,372, with values decreasing by 1.16 percent over the previous day.

The cryptocurrency price tracker for Gadgets 360 shows that the majority of major altcoins have started the week with minor gains, with the global cryptocurrency market capitalization increasing by 0.88% between late Sunday and early Monday.

Cardano, Avalanche, Cosmos, Solana, Polygon, TRON, Chainlink, and BNB all gained value in the last 24 hours. However, Monero, and Uniswap also experienced minor slip-ups.

Shiba Inu and Dogecoin haven''t started the week on even footing. Dogecoin is currently valued at $0.06 (roughly Rs. 5.13) after adding 1.1 percent in value in the last 24 hours, while Shiba Inu is valued at $0.000011 (roughly Rs. 0.000907), down 0.34 percent over the previous day.

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"It''s been trading in a tight range since the plunge a few days back. Although BTC managed to gain ground above the $19,000 mark, it was not able to decrease. BTC''s dominance in the market has increased to 41% from 39 percent on Septeber 10. It indicates that market participants are likely to hold BTC higher than other cryptocurrency offerings. "We might soon see BTC move above the $19,600 mark if buyers lose control," says Edul Patel, the CEO and co

"Ether''s second largest cryptocurrency, which was seen at a drop above $1,300 (roughly Rs. 1.07 lakh) level in the past week. Ethereum''s price is trying to rebound from its support trendline. The price may possibly climb for another sessions," Patel said.

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