Bitcoin and Ether both posted modest gains on Thursday, August 24 after days of losses. Bitcoin saw a gain of 0.98 percent, but apparently did not lead to a significant change in the trading value of Bitcoin. BTC, the most valuable cryptocurrency, is trading at $26,418 (roughly Rs.21.7 lakh rupees) at the time of writing. However, it is worth noting that the BTC value has increased by $396 (approximately Rs.32,655) in the last 24 hours.
Ether was able to post slightly larger gains than Bitcoin on Thursday. Up 1.60 percent, ETH is currently trading at $1,673 (roughly 1.38 lakh rupees), according to Gadgets 360 crypto price tracker. ETH is up $43 (circa Rs. 3,545) in price in the last 24 hours.
“The crypto market has picked up speed in the last 24 hours. After a prolonged bearish move over the past few days, Bitcoin has been seeing gains over the past 24 hours. Ether and all top ten cryptos by market cap have traded in the green for the last 24 hours,” Shubham Hudda, senior manager, CoinSwitch Markets Desk, told Gadgets 360.
Binance Coin, Ripple, Cardano, Dogecoin, Solana, and Polkadot reflected gains.
Polygon, Shiba Inu, Litecoin, Bitcoin Cash, Avalanche, Stellar, and Chainlink also saw smaller gains.
In the past 24 hours, the overall valuation of the crypto market increased by 1.72 percent to hit the $1.07 trillion mark (roughly 88,23,487 crore), CoinMarketCap showed.
The crypto fear and greed index remains in the fear zone, up four points since yesterday and now at 41/100.
A significant number of cryptocurrencies saw losses today.
These include Tether, USD Coin, LEO, Binance USD, Monero, and Cosmos.
“According to other news, Binance rumors are piling up after several fiat gateways went missing, first in the US and then allegedly in the EU. But concurrent with India’s landing of Chandrayaan 3 on the moon, Binance has partnered with MoonPay in the United States to enable people to purchase USDT seamlessly,” Hudda noted.
Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended to be, and does not constitute, financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment based on a perceived recommendation, forecast or other information contained in the article.