The overall crypto chart shows recovery for most of the altcoins, which seem to have bounced back into profits over the weekend. Bitcoin began trading on Monday, July 18 with small, but significant gains. According to Indian exchange CoinSwitch Kuber, BTC is currently priced at $21,848 (approximately Rs 17.40 lakh) after seeing profits of less than one percent. This is the first time in the last few days that BTC has been able to cross the $20,000 (approximately Rs.16 lakh) mark on the price chart. While BTC suffered a marginal loss of around 0.24 per cent on international exchanges, its value still rose to $21,321 (roughly Rs.17 lakh), showing a recovery.
The value of Ether also climbed above the $1,254 (approximately Rs 1 lakh) mark after a few days on the cryptocurrency ladder. According to Gadgets 360’s crypto price tracker, ETH is up 3.16 percent, taking its price to $1,442 (about Rs 1.15 lakh).
With the price correction of the top two cryptocurrencies, other altcoins also lagged behind on the gains.
Stablecoins like Tether, USD Coin and Binance USD Reel-In Profits.
Similarly, other cryptocurrencies such as Solana, Ripple, Cardano, Binance Coin, Polkadot and Polygon also reported profits.
On a positive note, the popular memecoin DOGE and SHIB both saw small gains.
Only a few altcoins remained hit with losses. These include Uniswap, Chainlink, Stellar, Monero and Elrond.
Speaking to Gadgets 360, Mudrex CEO and co-founder, Edul Patel said that the cryptocurrency was bullish on market volatility, even though the past week started on a bearish note, with increasing selling pressure. The euro fell to its lowest level. U.S. Dollar. Mudrex is a crypto investment platform.
“Most cryptocurrencies bounced back on Thursday after tracking gains in the US stock market. Despite BTC dominance over the market, Ethereum led the rally over the past week, despite little volatility. ETH has gained 17 over the past week. percentage increase, traded above the $1,254 (roughly Rs. 1 lakh) mark for the first time in a month, as the launch of its eco-friendly update called Merge.Despite a slight drop, most cryptocurrencies closed their doors over the weekend. Gains have been retained, indicating that sales volumes have come down,” Patel said.
According to CoinMarketCap, the total market cap of the crypto sector is close to the trillion-dollar mark at over $977 billion (approximately Rs 77,97,638 crore).
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.