Bitcoin on Tuesday, November 15, rose by 4.46 percent to trade at $16,668 (roughly Rs. 13.5 lakh).
The global crypto market cap currently stands at $844.16 billion (roughly Rs. 68,60,802 crore)
Photo Credit: Pixabay/ Sergei Tokmakov
The crypto market seems to be enroute recovery now in the backdrop of the FTX debacle still settling down. Bitcoin on Tuesday, November 15, rose by 4.46 percent to trade at $16,668 (roughly Rs. 13.5 lakh). The first ever cryptocurrency also recorded price hikes of approximately five percent on international exchanges. As per Binance and Coinbase for instance, BTC values are hovering close to the price point of $16,736 (roughly Rs. 13.6 lakh).
Ether tailed behind Bitcoin to record small, but significant profits. With a gain of 6.30 percent, ETH prices have touched the price point of $1,253 (roughly Rs. 1.01 lakh), as reflected on the crypto price tracker by Gadgets 360.
Majority cryptocurrencies rallied along BTC and ETH on the gain trail. These include Tether, Binance Coin, USD Coin, Ripple, Cardano, Polygon, Polkadot, and Solana.
Dogecoin and Shiba Inu also recorded profits.
“Peak volatility has returned to crypto markets as Bitcoin tested new lows with market indecisiveness and volatility currently playing out due to promising macroeconomic indicators. FTX mishandled user funds and had poor risk management policies leading to an industry wide fear reiterating the desperate need for transparency and regulation specifically surrounding stablecoin flows and their associated leverage,” the CoinDCX research team told Gadgets 360.
FTX Token and Flex however, failed to show any profits and settled with losses.
The global crypto market cap currently stands at $844.16 billion (roughly Rs. 68,60,802 crore) after having risen by 4.40 percent in the last 24 hours.
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.
Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.