On Thursday, September 28, Bitcoin posted its first profit so far this week. Bitcoin edged up 0.43%, taking its trading value to $26,355 (approximately Rs. 2.19 crore). In the last 24 hours, Bitcoin price has increased by $175 (approximately Rs. 14,557). According to industry experts, the market expects the price of BTC to reach $30,000 (approximately Rs. 2.49 crore) soon. However, experts say that until then, the $26,000 (approximately Rs. 21.60 lakh) support level must be maintained to expect an upward move in the near term.
Ethereum gained 0.73% on Thursday. As of writing this article, Ethereum is trading at $1,604 (approximately Rs. 1.33 lakh). Following the trend of Bitcoin, the value of Ethereum also increased by $13 (approximately Rs. 1,081) in the last day.
Other cryptocurrencies rising alongside BTC and ETH today include Solana, Bitcoin Cash, Chainlink, Stellar, Monero, Binance USD, and Bitcoin SV.
Some of the weaker cryptocurrencies making profits today include Neo Coin, Iota, Ardor, and Gas.
“(Unknown) Famous Coin Terra LUNA or LUNA2 (+20.50%) has been rising. This price movement is attributed to the LUNA community passing a proposal that would see them no longer mint new USTC stablecoins, but USTC was supposed to be the stablecoin of the Terra Luna ecosystem UST. Additionally, the Chainlink token has also risen by nearly 30% in the past 15 days as its flagship cryptocurrency event SmartCon approaches. SmartCon is scheduled to take place on October 2 It will be held in Barcelona, Spain on the 3rd, with side events starting as early as September 30th,” Shubham Hudda, senior manager at CoinSwitch Markets Desk, told Gadgets 360.
The overall cryptocurrency market cap increased by 0.55% in the past 24 hours, but remained unchanged in terms of value. According to data, the cryptocurrency market valuation reached $1.05 trillion (approximately Rs 87,34,099 crore) for the third consecutive day coin market cap.
Among the cryptocurrencies that recorded losses today, Tether, Binance Coin, Ripple, Cardano, Dogecoin, and Tron all topped the list.
Polkadot, Polygon, Litecoin, Shiba Inu, Avalanche, Cosmos, and Uniswap have also found themselves in the red on cryptocurrency price charts.
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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