At the time of writing, Bitcoin has maintained a market dominance of 49.9 percent.
The crypto market cap stands at $1.69 trillion as of December 28
Photo Credit: Unsplash/ Dmitry Demidko
Bitcoin on Thursday, December 28 recorded a profit of 1.38 percent on Thursday, December 28. With this, the value of Bitcoin has risen to the price point of $43,064 (roughly Rs. 35.8 lakh). In the last 24 hours, Bitcoin has spiked in its value by $846 (roughly Rs. 70,426). At the time of writing, Bitcoin has maintained a market dominance of 49.9 percent. Despite Bitcoin's minor price rally, its actually Ether that is shining brighter on Thursday.
Ethereum touched the $2,400 (roughly Rs. 1.99 lakh) mark as it surged by almost nine percent in the last 24 hours.
“Ethereum founder Vitalik Buterin recently expressed his interest to revamp Ethereum Proof of Stake, which created positive sentiment around the largest altcoin,” Shivam Thakral, CEO of BuyUcoin told Gadgets360.
Ethereum saw its 19-month high while teasing the mark of $2,500 (roughly Rs. 2.08 lakh).
“ETH and its scaling solutions, almost all major layer-2s saw significant gains as well with Arbitrum's ARB (+26.7 percent) leading the charge; Optimism's OP (+22.2 percent) also observed major gains,” the CoinSwitch Markets Desk told Gadgets360.
Tron, Chainlink, Shiba Inu, Cardano, and Dogecoin emerged among gainers on the crypto chart.
Wrapped Bitcoin, Litecoin, Bitcoin Cash, Uniswap, and Cosmos also minted minor profits.
“Solana is increasingly positioning itself as a strong rival to Ethereum, its impressive rally highlighting intensifying competition in the smart contract platform arena. Concurrently, the path of Bitcoin continues to captivate both investors and analysts, with 2024 shaping up for pivotal developments. Amidst this backdrop, optimistic discussions persist regarding Bitcoin's possible journey toward the coveted $100,000 (roughly Rs. 83.2 lakh) milestone,” Rajagopal Menon, Vice President, WazirX told Gadgets360.
The crypto market cap, at the time of writing, stood at $1.69 trillion (roughly Rs. 1,40,65,810 crore) after growing by 2.47 percent in the last 24 hours, showed CoinMarketCap.
Meanwhile, Tether, Solana, USD Coin, Avalanche, Polkadot, and Polygon recorded losses on Thursday.
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