Bitcoin made a small profit of 2.01% on Friday. As of the time of writing, its transaction value is $26,917 (approximately Rs. 2.23 crore). This is only the second time Bitcoin has risen this week. In the last 24 hours, the value of BTC has surged by $562 (approximately Rs. 46,715). Market analysts have linked the soft rise in cryptocurrency prices to a rebound in larger markets and a slight improvement in overall macroeconomic conditions.
Ethereum rose 2.80% on Friday. The price of ETH today is $1,650 (approximately Rs. 1.37 lakh). As seen on Gadgets 360’s cryptocurrency price chart, the value of ETH surged by $46 (approximately Rs. 3,825) in the past day.
Other cryptocurrencies traded alongside BTC and ETH include Binance Coin, Ripple, and Cardano.
Dogecoin, Solana, Tron, Polkadot, Polygon, Shiba Inu and Litecoin also gained.
“M.Cap. Top 20 Cryptocurrencies. Seems to be trading in the green. ETH has outperformed BTC over the past 24 hours. This performance may be attributed to investment management firm Valkyrie Funds LLC receiving SEC approval to add ETH futures to of its existing BTC futures ETF. The rebranded ETF will be launched by Valkyrie on Monday. In addition, Ethereum developers are working hard to launch the Holesky test network, and the process seems to be going well before it is finalized. “CoinSwitch Ventures Investment Director Parth Chaturvedi told Gadgets 360.
With a profit of 2.12% in the past 24 hours, the overall cryptocurrency market capitalization rose to $1.07 trillion (approximately Rs. 88,92,828 crore). The Crypto Fear and Greed Index is back in neutral territory with a score of 48/100.
Meanwhile, Tether, USD Coin, Chainlink, Leo, Monero, and Binance USD also suffered losses.
Augur, Bitcoin Hedge, Status also fell in price today.
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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