Bitcoin, Ethereum edge up with Solana, Cardano: details

The cryptocurrency market appears to be going through a period of relative stability with less volatility. According to Gadgets360’s crypto price tracker, Bitcoin’s profit on Wednesday was 2.33%, with its trading value reaching $63,815 (approximately Rs. 53.3 lakh). The value of Bitcoin in India has increased by $918 (approximately Rs. 76,800) in the past 48 hours. Meanwhile, crypto assets are trading at slightly higher prices on international exchanges. For example, on Binance, the current price of Bitcoin is $65,037 (roughly Rs. 5.44 crore).

“Bitcoin price is currently trading below $65,000 (roughly Rs. 54.3 lakh) after a bearish daily close,” BuyUcoin CEO Shivam Thakral told Gadgets360. “The fourth halving is expected to be completed in the next two days and we A retest of the $73,000 (approximately Rs. 61 lakh) resistance is expected,” he added.

Ethereum profit on Wednesday was 2.49%. In India, the trading value of ETH is currently hovering at the $3,108 (roughly Rs. 2.6 lakh) mark. On Binance, ETH is trading at $3,516 (roughly Rs. 2.90 lakh).

“The price of Ethereum is rising, suggesting that attention may be returning to the Ethereum ecosystem. Several factors are contributing to this positive momentum, including a surge in whale activity, growing institutional interest in Bitcoin , as well as general improvements in the broader cryptocurrency market,” ZebPay Trade Desk told Gadgets360.

Most cryptocurrencies joined BTC and ETH on the profitable side of the cryptocurrency chart on Wednesday. These include Solana, Cardano, Ripple, Shiba Inu, Avalanche, Tron, and Polkadot.

Chainlink, Polygon, Litecoin, Near Protocol and Uniswap also saw small gains.

according to coin market capIn the past 24 hours, the cryptocurrency market valuation increased by 2.34% to reach $2.33 trillion (approximately Rs 1,95,05,292 crore).

Meanwhile, Tether, Binance Coin, Dogecoin, Bitcoin Cash and Leo also suffered losses on Wednesday.

“As Bitcoin has reached new highs, corrections are expected around the halving. Nonetheless, market sentiment remains positive and demand for spot ETFs is growing, indicating that the post-halving bull market will persist.” Edul Patel, CEO of Mudrex Tell Gadgets360.

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.