The crypto market cap, as of September 29, stands at $1.07 trillion
Ripple, Cardano recorded gains
Dogecoin, Shiba Inu also logged profits
Monero, Tether saw losses
Bitcoin on Friday minted a small profit of 2.01 percent. Its trading value, at the time of writing, stood at $26,917 (roughly Rs. 22.3 lakh). This is only the second time this week that Bitcoin has managed to reel in gains. In the last 24 hours, the value of BTC rose substantially by $562 (roughly Rs. 46,715). Market analysts are linking this soft surge in crypto prices with a rebound of larger markets and slight improvements in the overall macroeconomic conditions.
Ether recorded a gain of 2.80 percent on Friday. The price that ETH recorded today is $1,650 (roughly Rs. 1.37 lakh). Over the last day, the value of ETH spiked by $46 (roughly Rs. 3,825), as shown on Gadgets 360's crypto price chart.
“The top 20 cryptos by M.Cap. seem to be trading in the green. ETH has outperformed BTC in the last 24 hours. This performance could be attributed to the investment manager Valkyrie Funds LLC receiving a green light from the SEC to add ETH Futures to its existing BTC Futures ETF. The renamed ETF will be launched by Valkyrie on Monday. Also, Ethereum developers are working on launching the Holesky test network and the process seems to be going smoothly before its finalised,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, told Gadgets 360.
The overall crypto market cap rose to $1.07 trillion (roughly Rs. 88,92,828 crore) after clocking a profit of 2.12 percent in the last 24 hours. The crypto fear and greed index is back in the neutral zone with a score of 48/100.
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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com.