On Friday, September 15, Bitcoin prices rose for the second day in a row. The value of the most expensive cryptocurrency has increased by 1.30% in the past 24 hours. At the time of writing, Bitcoin is trading at $26,567 (approximately Rs 22 lakh). In the last 24 hours, the value of BTC increased by $7 (roughly Rs. 581). Industry experts note that the overall market sentiment looks bullish, with most cryptocurrencies seeing considerable price increases. As for Bitcoin, it needs to cross the $27,000 (approximately Rs. 22.40 lakh) mark to sustain its upward trajectory.
On Friday, Ethereum price rose 1.01%. This brings the price of Ethereum to $1,633 (approximately Rs. 1.35 lakh). The value of Ethereum has increased by $11 (roughly Rs. 913) in the past 24 hours.
“This price change may be because the European Central Bank (ECB) said that the 0.25% increase in three key interest rates may be the last in this cycle. The central bank raised its main refinancing operations, marginal lending rate and deposit rate to 4.50% respectively. , 4.75% and 4.00%. Deposit rates are at their highest levels since 2001,” Mudrex co-founder and CEO Edul Patel told Gadgets 360.
Cryptocurrency price charts reflect Friday’s top-to-bottom gains.
Binance Coin, Ripple, USD Coin, Cardano, Dogecoin, Solana, Polygon, and Polkadot — all posted small profits today.
Other actively traded cryptocurrencies include Litecoin, Shiba Inu, Bitcoin Cash, Leo, Avalanche, Chainlink, Stellar, and Monero.
“The cryptocurrency market got a boost when Germany’s largest bank, Deutsche Bank, announced that it will offer digital asset custody and tokenization services. Another development that could support the upward trend could be the European Central Bank, Parth Chaturvedi, head of investments at CoinSwitch Ventures, told Gadgets 360 Send a signal to end the euro zone interest rate hike.
The overall cryptocurrency market valuation increased by 1.31% in the past 24 hours. According to the data, this takes the market capitalization to $1.06 trillion (approximately Rs 88,04,964 crore) coin market cap. The Crypto Fear and Greed Index remains in the fear zone with a score of 45/100.
Meanwhile, Cartesi, Augur and Gas all recorded losses.
Cryptocurrency is an unregulated digital currency, not legal tender, and is subject to market risks. The information provided in this article 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 losses incurred as a result of any investment based on any perceived recommendations, predictions or any other information contained in the article.
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