Saturday, October 1, 2022

Bitcoin Stable at Rs 20 Lakh, Most Altcoins Started With a Fall

The price of Bitcoin has been seeing stability for the past several days. Even today, the ruler of the cryptocurrency market, bitcoin seems to be able to remain stable near 24 thousand dollars. The price of bitcoin has dropped slightly today after the big jump the day before, but it is very modest compared to yesterday’s rise. Therefore, it can be said that right now the world’s largest cryptocurrency is heading towards recovery. Bitcoin was trading at Rs 20.2 lakh on Indian exchange Coinswitch Kuber at the time of writing this news, which is a gain of 0.24% in the last 24 hours. According to data from CoinmarketCap, the global price of bitcoin has come down slightly today. At the time of writing this news, the price of bitcoin was trading at $23,944 (about Rs 19.07 lakh) on international exchanges which is a decline of 2.14% in the last 24 hours.

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Ether, the world’s second largest cryptocurrency, is in the news these days due to its Merge upgrade, which is also having an impact on its price. A 13% increase was seen in the price of Ether the day before. Even today there is a slight gain in Ether. Although this is a marginal increase, the possibility of further increase in the price by evening cannot be ruled out. According to data from CoinmarketCap, the price of Ether is up 0.25% today. The international price of Ether stood at $1,893 at the time of writing this news. According to Indian exchange Coinswitch Kuber, Ether is trading today at Rs 1,40,001 which is a drop of 1.34% in the last 24 hours.

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Gadgets 360 Crypto Price Tracker says that the trade opening in cryptocurrencies today was with a slight loss. Cardano, Solana, Binance Coin, Ripple, Polkadot, Avalanche, etc. have all seen a slight decline today. Altcoins like Binance USD, USD Coin, Uniswap are in the green today but none of them has recorded gains above 1%. In comparison, Cardano seems to be suffering the most today. Its price is down 4% in the last 24 hours.

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Coming to the Mime cryptocurrencies, both Dogecoin and Shiba Inu have suffered once again today. Dodgecoin is currently trading at Rs 5.21 which is a drop of 3.17% in the last 24 hours. At the same time, the price of Shiba Inu is trading at Rs 0.000926, which is a loss of 2.22 percent in the last 24 hours.

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