Bitcoin finally saw exchange rates spike after nearly a week of slumps. On Thursday, September 23rd, Bitcoin price rose 4.41 percent and the cryptocurrency started in India at Rs. 34.88.719, or roughly $ 47.237.26. This is the first time since last week that bitcoin prices have risen. Analysts had suggested that the recent disruption in the Chinese real estate market was due to $ 300 billion (approximately Rs. 22.15.657 crores) Chinese developer’s debt. In addition to Bitcoin, the day got off to a positive start for other cryptocurrencies, including Ethereum and Cardano.
Ethereum, the second highest cryptocurrency in the world, saw exchange rates soar by 8.65 percent. It is currently trading at Rs. 2,47,030.28 (approximately $ 3,344.79). Other cryptocurrencies such as Cardano, Ripple, Polkadot and the meme-based Dogecoin saw exchange rates rise.
Click here to see the latest prices for most of the leading cryptocurrencies.
“The past 24 hours have been relatively better for the cryptocurrency market compared to performance during the rest of the week. With that slight rebound, global crypto market capitalization was able to rise more than 3.2 percent. The next 24 hours could be crucial for the crypto markets as there would be a constant battle between the cops and the bears, ”Edul Patel, CEO and co-founder of the crypto investment platform Mudrex told Gadgets 360.
Currently, the cryptocurrencies Tether and USD Coin have seen minor drops.
Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.
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