BTC, ETH Grab Profits, Many Cryptocurrencies Increase Amid Market Volatility

Overall crypto price charts showed gains after most coins opened trading in the green. Bitcoin entered the trading arena with a gain of 0.67 percent. According to crypto price tracker Gadgets 360, BTC is currently trading near the price of $16,677 (roughly Rs. 13.6 lakh). Even on international exchanges like Coinbase and Binance, BTC stuck to the same price zone and registered little growth. BTC has failed to break out of the $16,000 (approx. 13 lakh) price range in the last two weeks at least.

Ether also increased in value after BTC registered gains. With a gain of 3.21 percent, ETH is trading at $1,198 (roughly Rs. 97,970).

Lots of registered profits for altcoins and BTC and ETH. These include Binance Coin, Ripple, Cardano, Polygon, Polkadot, and Solana.

As for the cryptocurrencies making losses, stablecoins entered the list.

Binance USD, USD Coin, and Tether all faced losses.

In addition, Litecoin, Monero, Bitcoin Cash, and Near Protocol also recorded a devaluation.

The global crypto market is up 1.93 percent in the last 24 hours. Currently, the value of the global crypto industry stands at $838.91 billion (approximately Rs. 68,55,465 crore), as CoinMarketCapDespite the volatility of the market, crypto players did not lose hope.

Indian exchange CoinSwitch Kuber, for example, launched its new multi-exchange trading platform that aims to allow users to trade crypto assets with local currency on multiple exchanges with a single login.

Meanwhile, the Shiba Inu has been urged by the World Economic Forum (WEF) to join them in writing policies about the metaverse that will work at the global level.

Cryptocurrency is an unregulated digital currency, not 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 other advice or recommendations of any kind provided or endorsed by NDTV. NDTV shall not be liable for any loss arising from any investment based on any implied recommendation, forecast or other information contained in the article.

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