On Tuesday, Bitcoin price fell sharply by 10.62%. With this, the value of the most expensive cryptocurrency reaches $26,276 (approximately Rs. 2.18 crore). Although Bitcoin fell on Tuesday morning, its value did not change significantly from the previous day. This may indicate that Bitcoin has experienced several rounds of gains and losses in the past 24 hours.
Ethereum continued to be influenced by Bitcoin’s moves on Tuesday, not rising higher. At the time of writing, the value of ETH has fallen by 13.76% and stands at $1,588 (approximately Rs. 1.32 lakh).
“Similar to the broader market, BTC has been trading flat over the past 24 hours, continuing to hold above $26,000 (~Rs 2.16 Lakh). ETH has also seen slight gains and is currently trading just under $1,600 (~Rs 1.33 Lakh). Interestingly, data compiled by Token Terminal shows that Ethereum has generated over $10 billion (approximately Rs 83,205 crore) in revenue in a record seven years, faster than most top tech companies except Alphabet point,” said senior manager Shubham Hudda. CoinSwitch Markets Desk told Gadgets 360.
Binance Coin, Ripple, Cardano, Dogecoin, Solana, Polkadot, Litecoin and Shiba Inu – all reflected losses on September 26.
Other altcoins that saw price declines include Avalanche, Stellar, Monero, and Cronos.
“Continuing to oscillate between the Neutral Zone and the Fear Zone, the Cryptocurrency Fear and Greed Index dropped one point since yesterday, returning to the Fear Zone with a score of 46/100. The entire market, including cryptocurrencies and even global stock markets, is currently dealing with Concerns about rising interest rates and rising Treasury yields,” Hudda pointed out.
Meanwhile, Tether, USD Coin, Tron, and Polygon all recorded small gains.
Chainlink, Bitcoin Cash, Leo, Cosmos, Uniswap, and Binance USD also saw small price increases.
In the last 24 hours, the cryptocurrency market valuation increased by 0.70% to reach the upper limit of $1.05 trillion (approximately Rs 87,34,099 crore). coin market cap.
“On the positive side, MicroStrategy Chairman Michael Saylor announced that the company invested $147.3 million (approximately Rs. 1,225 crore) to purchase an additional 5,445 Bitcoins on September 24. This new purchase increased MicroStrategy’s Bitcoin The total holdings reached an impressive 158,245 coins. However, it is worth noting that the price of BTC did not increase after this news was released,” the CoinDCX research team told Gadgets 360.
Cryptocurrency is an unregulated digital currency, not legal tender, and is subject to market risks. The information provided herein is not intended and does not constitute financial advice, trading advice or any other advice or recommendation of any kind provided or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment based on any perceived recommendations, predictions or any other information contained in the article.
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