ETH Overlaps BTC With Gains as Majority Altcoins Rebound With Profits

As per Binance and CoinMarketCap, BTC is trading at $20,002 (roughly Rs. 16 lakh) after incurring losses of around 0.40 percent.

Written by Radhika Parashar, Edited by Richa Sharma | Updated: 2 September 2022 11:06 IST

ETH Overlaps BTC With Gains as Majority Altcoins Rebound With Profits

Photo Credit: Pexels/ Alesia Kozik

The total valuation of the crypto market stands at $988.94 billion (roughly Rs. 78,77,128 crore)

Highlights

Dogecoin, Shiba Inu saw gains
Uniswap, Litecoin saw profits
Avalanche saw losses

The crypto market bounced back to recovery after most of the cryptocurrencies opened with losses on September 1. Bitcoin on Friday, September 2, opened with a minor loss of 0.40 percent. As per Indian exchange CoinSwitch Kuber, the cryptocurrency did manage to retain its price point of $19,976 (roughly Rs. 16 lakh). Small losses also hit BTC on international exchanges. As per Binance and CoinMarketCap, for instance, BTC is trading at $20,002 (roughly Rs. 16 lakh) after incurring losses of around 0.40 percent.

Ether leaped over Bitcoin to open with gains today. With a price hike of 1.29 percent, ETH is currently trading at $1,571 (roughly Rs. 1,25,100), as per the crypto price tracker by Gadgets 360.

It is noteworthy that Ethereum blockchain's energy-efficient upgrade, called the Merge, is also inching closer to its release in around mid-September. This is a major contributing factor why ETH did not follow its conventional trial behind BTC and garnered individual gains.

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Tether, Binance USD, Ripple, Cardano, Solana, Polkadot, and Polygon saw profits.

Even Dogecoin and Shiba Inu reeled-in profits alongside Uniswap and Litecoin.

Meanwhile, altcoins like Tron, Avalanche, NEAR Protocol, and Bitcoin Cash saw losses alongside BTC.

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The overall crypto market cap rose by 1.16 percent in the last 24 hours, as per CoinMarketCap.

The total valuation of the crypto market stands at $988.94 billion (roughly Rs. 78,77,100 crore).

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Tether, Binance USD, Ripple, Cardano, Solana, Polkadot, Polygon, Dogecoin, Shiba Inu, Uniswap, Litecoin, Tron, Avalanche, NEAR Protocol, Bitcoin Cash

Radhika Parashar

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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. More