Tag: ripple

Bitcoin, Ethereum, Majority Tokens Record Profits as Crypto Price Charts Turn Green

After a day of trading lowly, majority cryptocurrencies stepped into Tuesday, October 4 with gains. Bitcoin, with a price hike of 1.96 percent, opened trading at $19,554 (roughly Rs. 15.80 lakh) as per Gadgets 360’s crypto price tracker. Profits on a similar scale also hit Bitcoin on international exchanges. As per Binance and CoinMarketCap for instance, Bitcoin is trading at a price point of $19,596 (roughly Rs. 16 lakh) after garnering gains of up to 2.20 percent. Experts have predicted that if BTC prices exceed the price point of $20,000 (roughly Rs. 16.30 lakh), majority cryptocurrencies will see long-term recovery.

Ether reeled-in bigger gains than Bitcoin. Almost two weeks after the launch of Ethereum’s eco-friendly upgrade called the Merge, ETH prices have touched the price point of $1,322 (roughly Rs. 1.07 lakh). As per Gadgets 360, ETH prices have spiked by 2.25 percent.

Majority altcoins followed BTC and ETH on the gain trail.

These include stablecoins such as Tether, Binance USD, and Ripple as well as other altcoins including Binance Coin, Cardano, Solana, Polkadot, and Polygon.

Meme coins Shiba Inu and Dogecoin also saw price hikes.

The global crypto market cap rose by 1.75 percent to reach the valuation of $943.77 billion (roughly Rs. 7,697 crore), as per CoinMarketCap.

Meanwhile, only Tron, Stellar, Bitcoin SV, and Terra emerged as loss-making altcoins.

Amid the prevailing market volatility and low-risk appetite among investors, the number of Bitcoin ATMs have also gone down globally. Nearly 800 ATMs were pulled out of the global crypto network in September alone.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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Crypto Chart Drenched in Red Ahead of Ethereum’s ‘Merge’ Upgrade

The overall crypto market slipped down ahead of the arrival of Ethereum’s energy-efficient upgrade called the Merge which is expected to arrive today. Bitcoin on Thursday, September 15, opened with a loss of 1.65 percent as per Gadgets 360’s crypto price tracker. The current trading value of BTC stands at $20,030 (roughly Rs. 16 lakh). On global exchanges, such as Binance and CoinMarketCap as well, BTC slipped by around 1.65 percent to trade at a similar $20,000 (roughly Rs. 16 lakh) price point. It is being touted that with the eco-friendly Merge revamp, the Ethereum blockchain could soon pose a threat to Bitcoin’s monarchy over the crypto sector.

Ether saw smaller losses than Bitcoin and slipped price-wise by 0.15 percent. As per the price tracker by Gadgets 360, ETH is currently trading at $1,597 (roughly Rs. 1.26 lakh).

From stablecoins to memecoins, all kinds of altcoins tumbled down the price charts today. Most recorded only miniscule losses.

These altcoins include Tether, USD Coin, Binance Coin, Binance USD, Ripple, Cardano, and Solana among others.

Impressively, only a few altcoins seemed unaffected by the Merge chaos, and ended up reeling in small gains.

Monero, LEO, Zcash, Underdog, Gas, and WETH emerged as profit-makers on a rough market day.

Along with the Merge arrival, there are other factors also that are contributing to the market movement.

“A more aggressive path of interest rate hikes is likely underway to combat the narrative of increasingly entrenched inflation with broad expectations that a 75-100 basis point interest hike is the most likely result on 21 September 21 from the next FOMC meeting as inflation continues to broaden out rather than cool as expected; notably from the acceleration in services and living costs-based inflation,” the research team at CoinDCX told Gadgets 360.

The overall crypto market has dropped down by 0.82 percent, data by CoinMarketCap showed.

The market valuation of the crypto sector stands at $985.93 billion (roughly Rs. 78,33,849 crore).

“This hawkish sentiment led to both TradFi markets and crypto plummeting with the Nasdaq falling by more than 5 percent on the day while Bitcoin attempts to hold $20,000 (roughly Rs. 16 lakh) as psychological support after falling over 10 percent since the announcement. The overall crypto market cap fell by over 7 percent as it looks poised to retest the trillion-dollar region,” the CoinDCX research team added.

Meanwhile, social media is abuzz with the historic Merge launch.

 

The Etheruem blockchain will transition from its energy-consuming proof-of-work mining model to the proof-of-stake model that will slash Ethereum’s power requirements by 99.95 percent.  

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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BTC, ETH Open With Losses, Crypto Market Cap Slips Below Trillion Dollar Mark

The month of August elevated the base prices of several cryptocurrencies, however, majority cryptocurrencies saw losses as the month inches closer to its end. Bitcoin on Monday, August 29, opened with a minor price loss of 0.74 percent. As per Indian exchange CoinSwitch Kuber, BTC is currently trading at $19,808 (roughly Rs. 15.80 lakh). On international exchanges as well, BTC failed to see any profits. As per CoinMarketCap and Binance, BTC prices are hovering around the similar mark of $19,830 (roughly Rs. 15.80 lakh).

Ether conventionally trailed behind BTC to see losses. As per Gadgets 360’s crypto price tracker, ETH is presently priced at $1,450 (roughly Rs. 1.16 lakh) after incurring a loss of 2.70 percent.

Tether, Ripple, Cardano, Solana, Polkadot, and Polygon saw losses.

Even Dogecoin and Shiba Inu failed to garner gains amid the prevailing market volatility.

“After the Fed announcement to increase the interest rates, Bitcoin, Ethereum, and most cryptocurrencies were unable to resume gains. Investors are keenly looking for improvement in the market, but there has not been little change. If BTC’s price closes below the $19,500 (roughly Rs. 15.60 lakh) level today, we could see it going even lower,” Edul Patel, CEO and co-founder of crypto investment platform Mudrex told Gadgets 360.

Among a handful of gainers, Binance Coin, Binance USD, Litecoin, Monero, and Bitcoin Cash marked their names.

“Overall, the underlying sentiment suggests a downward trend in the coming week,” Patel noted.

As per CoinMarketCap, the overall market cap of the crypto sector has slipped below the trillion-dollar mark.

Currently, the valuation of the crypto industry stands at $954.11 billion (roughly Rs. 76,35,042 crore), with a 1.29 percent decrease over the last day.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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BTC Grows, ETH Dips as Crypto Price Chart Reflects Mix of Greens and Reds

The cryptocurrency market is undergoing volatility in the backdrop of back-to-back hack attacks hitting the sector. Bitcoin on Tuesday, August 9, grew by 2.87 percent. As per Indian exchange CoinSwitch Kuber, BTC is currently trading at around $25,080 (roughly Rs. 20 lakh). The oldest cryptocurrency also saw minor hikes on international exchanges. As per Binance and Coinbase, BTC rates have spiked by around 2.50 percent to trade at about $23,861 (roughly Rs. 19 lakh).

Ether moved unconventionally and failed to grab gains following BTC’s price movement. With a loss of 3.40 percent, ETH prices are currently circling the mark of $1,722 (roughly Rs. 1.35 lakh).

On the crypto price charts, nearly equal number of altcoins followed BTC and ETH to reflect gains and losses respectively.

Tether, Ripple, Cardano, Solana, and Polkadot joined BTC and reeled-in gains.

USD Coin, Binance Coin, Binance USD, Dogecoin, and Avalanche saw losses alongside Ether.

The global crypto market cap currently stands at $1.13 trillion (roughly Rs. 89,53,272 crore), with a 1.96 percent overall increase from the last day, as per CoinMarketCap.

Meanwhile, Nischal Shetty, the co-founder of WazirX crypto exchange has taken to Twitter to promote the use of blockchain networks in order to maintain transparency in businesses.

Shetty’s comments come in the backdrop of WazirX’s ongoing feud with Binance. Changpeng Zhao, the CEO of Binance has recently claimed that the acquistion of WazirX, that was announced in November 2019, did not reach a point of completion.

Zhao is seemingly trying to disassociate Binance’s branding from WazirX now that the Indian exchange is facing investigation in India over alleged money laundering charges.

Meanwhile, scammers continue to riddle the cryptosphere and it has been pointed yet again out, this time by Hong Kong publications.

The nation that recently topped the list of the world’s most crypto-ready nations has observed an alarming 105 percent hike in crypto scams. In the first six months of this year alone, the crypto community of Hong Kong has collectively lost $50 million (roughly Rs. 400 crore) to cons.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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BTC, ETH Retain Pumped Prices Despite Minor Dips as Crypto Chart Reflects More Reds than Greens

These last days of July are turning out to be quite the roller-coaster ride for cryptocurrencies, price-wise. After seeing profits almost consecutively in the recent days, the crypto chart showed losses for most crypto assets on Tuesday, July 26. Bitcoin dipped by over three percent to trade at $22,624 (roughly Rs. 18 lakh) as per Indian exchange CoinSwitch Kuber. Losses of up to 3.60 percent also hit Bitcoin on international exchanges. As per Binance and CoinMarketCap, BTC is currently priced around $21,110 (roughly Rs. 17 lakh).

Ether tailed behind Bitcoin to maintain its recovered prices despite seeing losses. Incurring a dip of over five percent, ETH is currently trading at $1,534 (roughly Rs. 1.22 lakh), the crypto price chart by Gadgets 360 showed.

BTC and ETH have been joined by several other popular cryptocurrencies in being impacted by losses.

These include Binance Coin, Cardano, Ripple, Solana, Polkadot, as well as Polygon.

Dogecoin and Shiba Inu also slipped down the price ladder with losses of 2.77 percent and 4.40 percent respectively.

Stablecoins such as USD Coin and Binance USD managed to get the greens on the price charts owing to miniscule gains.The overall crypto market dunked by 3.23 percent to sink below the trillion-dollar-mark.

As per CoinMarketCap, the current valuation of the crypto market stands at $972 billion (roughly Rs. 77,55,060 crore).

The dip in the crypto market comes in the backdrop of the US government mulling another interest rate hike this week.

Most economists and investors reportedly believe the central bank’s Federal Open Market Committee (FOMC) will raise interest rates by 75 basis points, or three quarters of a percentage point. Between today and tomorrow, the FOMC will conduct two meetings in Washington DC to decide on the expected interest rate changes.

“Crypto and global financial markets are poised for increased volatility and turbulence as we have significant macroeconomic events in the week ahead in the form of the FOMC. After hitting a 40 year record high Consumer Price Index (CPI) print of 9.1 percent last month, the FED is expected to implement another 75 bps rate hike to curb inflation which could negatively impact risk-on assets such as crypto. A high interest-rate environment  could potentially lead to increased selling pressure and profit booking opportunities for crypto investors who witnessed sizeable rallies in the markets recently,” the research team at CoinDCX told Gadgets 360.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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Bitcoin Prices Hover Around $23,500, Majority Altcoins Swell Up With Profits

For the second consecutive day this week, the crypto price charts recorded more profits than losses. On Friday, July 22, Bitcoin opened trading with gains of over two percent. According to Indian exchange CoinSwitch Kuber, BTC is currently priced $23,757 (roughly Rs. 19 lakh). The reigning coin of the crypto world also saw small gains before stepping into the weekend. As per CoinMarketCap and CoinBase, for instance, BTC is up by 0.45 percent to trade at $22,952 (roughly Rs. 18 lakh).

Ether took a long leap in-terms of profits today and opened trading with gains exceeding seven percent. Recovered from the slump, ETH is currently priced $1,610 (roughly Rs. 1.28 lakh) as per Gadgets 360’s crypto price tracker.

Stablecoins such as Tether, USD Coin, and Binance USD joined BTC and ETH on the profit ladder.

Among other gainers, Ripple, Cardano, Solana, Polkadot, and Polygon registered their names.

Even DOGE and SHIB have remained under the profit umbrella for the second consecutive day today.

“Owing to the institutionalisation of crypto and digital assets, we have noticed less exaggerated sell-offs and a gradual decrease in volatility over time. We believe crypto is currently going through a consolidation phase and this thesis is also supported by the fact that over $10 billion (roughly Rs. 79,872 crore) worth of BTC has recently left exchanges signalling major accumulation amidst seller exhaustion trends,” the CoinDCX Research Team told Gadgets 360.

Amid the onward-and-upward market movement, only a few cryptocurrencies reflected losses next to their names on the price charts.

These include DogeFi, Bitcoin Hedge, as well as Flex.

The global crypto market cap rose by 2.38 percent over the last day, keeping its valuation beyond the mark of $1 trillion (roughly Rs. 83,45,584 crore), as per CoinMarketCap.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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Bitcoin, Ether Rise Again Pulling Up Majority Altcoins, Stablecoins See Dips

Bitcoin opened with gains on Thursday, July 14, days after being burdened with losses. The oldest cryptocurrency opened trading at $20,993 (roughly Rs. 16.70 lakh) after gaining profits by 2.33 percent on Indian exchange CoinSwitch Kuber. Even bigger gains rained over Bitcoin on international exchanges. On Binance and Coinbase for instance, BTC grew by nearly 4.20 percent to trade at $20,286 (roughly Rs. 16 lakh). In the last 24 hours, Bitcoin’s overall value has risen by 3.97 percent, showing signs of recovery.

Ether also found itself on the green side of the price chart as it opened trading on Thursday. Spiking by two percent, ETH is currently trading at $1,151 (roughly Rs. 91,800), Gadgets 360’s crypto price tracker shows.

Among other cryptocurrencies that saw gains, Binance Coin, Ripple, Cardano, Solana, Polkadot, and Tron emerged on the list.

While Shiba Inu reeled-in profits, Dogecoin remained affected by losses.

Talking of losses, Thursday did not open with gains for stablecoins.

Tether, USD Coin, and Binance USD, all saw dips.

Litecoin, Stellar, and Monero also saw losses.

The current market cap of the crypto sector stands at $897 billion (roughly Rs. 71,60,501 crore), as per CoinMarketCap.

In the coming days, the Bitcoin network may encounter some snags because majority BTC mining farms in Texas, US have halted their operations owing to extreme heat conditions. The power supplier of the state has advised BCT miners to take a breather so that power supply in the region is not disrupted.

In other news, the US Treasury has opened gateway for public suggestions on crypto laws. The last date of submitting the suggestions has been decided as August 8.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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BTC, ETH See Gains After Weeks as It Rains Green on Crypto Price Chart

The cryptocurrency market, for the first time in weeks, opened with majority coins seeing profits on Friday, July 8. Bitcoin prices touched $22,230 (roughly Rs. 17.60 lakhs) after days of being stuck around the mark of $20,000 (roughly Rs. 16 lakh). As per Indian exchange CoinSwitch Kuber, BTC prices have risen by a significant 6.82 percent at the close of July’s first week. Unconventionally so, BTC saw even higher profits on international exchanges. On Binance and Coinbase for instance, BTC rose by over 8.25 percent to trade at $22,079 (roughly Rs. 17 lakh).

Ethereum followed Bitcoin to see profits today. As per Gadgets 360’s crypto price tracker, ETH prices are up by 6.23 percent. Ether is currently trading at $1,267 (roughly Rs. 1 lakh).

Majority other altcoins managed to see profits after a loss streak that clouded the crypto industry.

These include Binance Coin, Ripple, Cardano, Solana, Polkadot, and Avalanche — all saw escalation in prices.

Even Dogecoin and Shiba Inu reeled-in gains.

Only a handful of altcoins, like Tether, USD Coin, Monero, and Decentraland got struck by losses today.

Overall, the global crypto market cap went up by 5.54 percent over the last day. At present, it stands at $968 billion (roughly Rs. 76,75,798 crore), as per CoinMarketCap.

Meanwhile, the blockchain industry is bagging investments and regulatory laws in its favour in several parts of the world.

Italy’s Ministry of Economic Development, for instance, is planning to provide up to $46 million (roughly Rs. 364 crore) in subsidies for developing projects in the blockchain and Web3 sector.

It is also noteworthy that Web3 projects have caught the eye of hackers and cyber exploiters around the world.

As per a report by CertiK, Web3 projects have lost more than $2 billion (roughly Rs. 15,844 crore) to hacks and exploits in the first six months of 2022— more than all of 2021 combined.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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BTC Exceeds $30,000 in Value as Overall Crypto Price Chart Reflect Gains for Most Cryptocurrencies

After being red in losses for most of this week, the crypto price charts seem to be jumping back to health at a gradual pace. Bitcoin on Friday, May 20, opened trading at $31,728 (roughly Rs. 24.5 lakh) with minor gains of 2.60 percent as per Indian exchange Coinswitch Kuber. Gains of over three percent also added to Bitcoin values on international exchanges. Its price currently stands around $30,140 (roughly Rs. 23 lakh) on exchanges such as Binance and CoinMarketCap.

Ether followed Bitcoin up the price ladder. ETH saw gains of 2.43 percent that rose its value to $2,124 (roughly Rs. 1.65 lakh), Gadgets 360’s crypto price tracker showed.

As for now, both of the top two cryptocurrencies are a long way from their last All Time Highs of $67,567 (roughly Rs. 52 lakh) and $4,812 (roughly Rs. 3.75 lakh) that they respectively attained in November last year.

Meanwhile, other altcoins that kickstarted the weekend with gains include Binance Coin, Ripple, and Polkadot.

Surprisingly, profits also found their way to meme-based Dogecoin and its rival Shiba Inu.

A bunch of stablecoins however, did see small but significant losses. These include Tether, USD Coin, and Binance USD.

In fact, altcoins such as Solana, Avalanche, and Elrond also found themselves affected with minor losses.

Terra, after its recent, rather harrowing downfall from being the eight largest cryptocurrency in terms of market cap, is trading at $0.00014 (roughly Rs. 0.010777).

The overall market cap of the crypto sector stands at $1.27 trillion (roughly Rs. 9,90,70,706 crore) as per CoinMarketCap.

More investments are coming to the crypto sector, despite its recent slowdown.

In a bid to accelerate research and development in this consumer-centric industry, Andreessen Horowitz (a16z) has pledged a fund of $600 million (roughly Rs. 4,661 crore).

In its recent ‘State of Crypto’ report, a16z had acknowledged that the route for growth for the crypto sector is tough. Despite the coming turbulent days, the firm has been opening floodgates of investments in the crypto and blockchain-based sectors.

Meta has also filed for a patent to operate ‘Meta Pay’, a crypto-supporting online payments service.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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