On Monday, October 23, Bitcoin profit was 1.76%. As of writing this article, Bitcoin is trading at $30,267 (approximately Rs 25 lakh). This is the first time since July that the daily price of Bitcoin has crossed the $30,000 (approximately Rs. 2.49 crore) mark. Over the weekend, the price of Bitcoin surged by $1,077 (roughly Rs. 89,545) from $29,190 (roughly Rs. 24 lakh) last week.
Ethereum is more profitable than Bitcoin. ETH price increased by 3.63% and is currently worth $1,688 (approximately Rs. 1.40 lakh). The value of ETH has increased by $104 (approximately Rs. 8,646) since Friday.
“Both ETH and BTC reversed course last week, erasing recent modest price gains following the Ethereum blockchain Shanghai upgrade. Bitcoin fell below $30,000 (approximately Rs. 2.49 crore) and was trading around $27,800 (approximately Rs 23 lakh), but technical signals remain encouraging. WazirX Vice President Rajagopal Menon told Gadgets360 that a retest of the support zone and hold above $22,000 (approximately Rs 18.20 lakh) could indicate further gains.
Cardano, Dogecoin, Litecoin and Polygon were profitable along with Polkadot, Shiba Inu, Avalanche, Leo and Stellar.
Other cryptocurrencies that have successfully generated profits include Uniswap, Cartesi, Cosmos, Cronos, and Elrond.
As of Monday, the overall cryptocurrency market valuation had increased by 2.29% in the past 24 hours. Currently, the cryptocurrency market capitalization is $1.17 trillion (approximately Rs. 9,727,046 crore) coin market cap.
“On the other hand, the rise in altcoins has been led by the Chainlink token. LINK (15.3%) has broken out of 18-month resistance and is up a massive 50% in the past four days. Given the project’s strong performance over the past few days Given the underlying performance mid-month, including changes in its token economics, this price movement should not surprise cryptocurrency investors,” Shubham Hudda, senior manager at CoinSwitch Markets Desk, told Gadgets360. “Another cryptocurrency on investors’ watch lists in the coming days may be DOT (+3.1%), as over $400 million worth of DOT will be unlocked around October 24th for those who have lent their DOT tokens to vote for it Tokens used by retail investors. Auction.”
Meanwhile, some cryptocurrencies did see losses today. These include Tether, USD Coin, Binance Coin, Ripple and Tron.
Bitcoin Cash, Monero, Binance USD, Bitcoin SV, NEM, Ardor and Braintrust also suffered minor losses.
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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