On Thursday, October 19, Bitcoin lost momentum on its winning streak after three days. At the time of writing, Bitcoin’s value is down by 0.88%. This brings its transaction value to $28,225 (approximately Rs. 2.35 crore). Despite the modest losses, BTC managed to maintain its price above $28,000 (approximately Rs. 23 lakh), keeping community members optimistic about the days ahead. The value of BTC did drop significantly by $208 (approximately Rs. 17,320) in the last 24 hours.
Ethereum entered another losing trading day today. Ethereum price fell 1.43% to $1,547 (approximately Rs 1.28 lakh). On the last day, the value of ETH fell by $19 (approximately Rs. 1,582).
“ETH lost its recent gains and is once again hovering near the major support levels of $1,530 (~Rs 1.27 Lakh) to $1,550 (~Rs 1.29 Lakh). As long as BTC remains above $28,000 (~Rs 2.3 Lakh), it is considered It’s a positive sign for the entire market,” the CoinDCX research team told Gadgets360.
Looking at cryptocurrency price charts, Solana, Polygon, Cardano, Dogecoin, and Litecoin all suffered losses today.
Shiba Inu, Chainlink, Avalanche, Stellar and Monero also announced price cuts today.
The overall cryptocurrency market capitalization fell by 0.91% in the past 24 hours. According to reports, the industry is currently valued at US$1.08 trillion (approximately Rs. 8,992,776 crore) coin market cap.
“Major Layer 1 Avalanche (AVAX, -3.7%) has been preparing for adoption in India as both Polygon Labs and OKX observed the departure of a key employee who joined Ava Labs to work in the county Expansion. The other cryptocurrency on investors’ radar appears to be Render Network’s RNDR (+1.0%) token. After a long-term downward trend in the three months through September, RNDR has gained momentum in the past, CoinSwitch Markets Desk senior manager Shubham Hudda told Gadgets360 It has risen nearly 50% in six weeks and has now touched the $2 (approximately Rs. 166) mark.
Meanwhile, USD Coin, Ripple, Tron, Bitcoin Cash, Leo, Uniswap, and Binance USD all made small profits 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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