Bitcoin Remains in the $30,000 Zone, While Ether, Altcoins Continue to Feel the Heat of Bearish Investors

Bitcoin has not taken leaps and bounds in value over the past week, but saw a reasonable rise on Tuesday, which is enough for BTC to maintain the $30,000 (roughly Rs. This is expected to increase the weight on risky assets. finance world. The largest cryptocurrency by market capitalization saw a slight drop in price on Monday, but we were used to seeing last week. In terms of numbers, BTC continues to hover around $30,100 (approximately Rs 23.5 lakh) on global exchanges, while Indian exchange CoinSwitch Kuber has posted BTC at $31,680 (approximately Rs 24.5 lakh), up 1.3 per cent in the last 24 hours. value is kept.

Bitcoin is priced at $30,096 (approximately Rs 23.5 lakh) on global exchanges such as CoinMarketCap, Coinbase, and Binance, an increase of 2.35 percent in value over the past 24 hours. According to CoinGecko informationBTC’s value is still below the point where it was last week, down 2.2 percent week-on-day.

While Bitcoin tries to steady the ship, ether Haven’t completely changed it for weeks yet. At the time of publication, Ether is valued at $2,091 (approximately Rs 1.6 lakh) on Coinswitch Kuber, while the value of the crypto is $1,982 (about Rs 1.5 lakh) on global exchanges, where the cryptocurrency has fallen 0.24 percent. last 24 hours.

CoinGecko data shows that the value of the cryptocurrency is still up 5.3% compared to prices a week ago.

Gadgets 360 cryptocurrency price tracker Turns out that bitcoin’s positive momentum hasn’t significantly affected altcoins – although the global crypto market cap has risen 0.9 percent over the past day. except bnb, polka dot, tron, polygonAnd chain linkAlmost every other altcoin suffered a fall on Tuesday.

Memecoins Shiba Inu and Dogecoin joined the majority with a slight decline. dogecoin It is currently valued at $0.09 (approximately Rs.7), after a 2.14 percent drop in value in the last 24 hours, whereas, Shiba Inu Its value is $0.000012 (approximately Rs.0.000953), which is 2.56 percent lower than the previous day.

“Even though uncertainties surround confidence in the digital asset market, leaders of financial institutions still maintain a strong belief in the importance that crypto holds in the long run. IMF Managing Director Kristalina Georgieva highlighted this The important role of digital assets In today’s world and urged people not to quit, even when the industry is facing strong headwinds – instead, he encouraged more education and regulation in the still nascent sector. This comes ahead of America’s much-anticipated crypto bill that will provide regulatory clarity and a railing to better serve companies and consumers. Such sentiment and clarity from policymakers will boost confidence in the sector at large, giving the crypto industry more opportunity to mature,” the research team at CoinDCX tells Gadgets 360.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.

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