Cryptocurrency Rates in India Today : We have tried to round up daily news and minor to major information about Bitcoin, Ethereum, Dogecoins, and more. We have brought everything you need to know about Cryptocurrency rates and status. The rates of Cryptocurrency change randomly and remain volatile. Even noticing only at only the most well-known crypto token such as Bitcoin, Ether (not to be confused with the Ethereum network for which is the similar token), Dogecoins, Litecoins, and Ripple there has been a lot of ups and downs in their value.
Bitcoin is the most aged and well-known crypto token for the buyers and investors and the most trusted one for you to buy. In the last 24 hours, its value has increased to 1.52%. It was priced at RS 28,97,130, according to Binance, and is now at RS 29,41,252. Bitcoin’s market cap is now about RS 55.2T.
Other Cryptocurrencies are also now grown as a strong investment option and the Shiba Inu-themed Dogecoin, whose symbol is DOGE, which was actually created as a joke in the market, is now one of the best know and fastest-growing tokens in the world. It is now priced at RS 15.7, up from RS 15.12, a change of +0.33 has been seen in the past 24 hours. The market cap is currently standing at RS 2T.
Over the last 24 hours, Ether (ETH), the token for the Ethereum Network, jumped from RS 1,69,040 to RS 1,72,631, with a market cap standing at RS 20.2T. At the same time, Litecoin (LTC) increased up from RS 10,067 to RS 10,455, a change of 3.85%, with a market cap of RS 700.2B. Ripple or XRP is another immensely popular token, with a market cap of RS 2.4T. In the last 24 hours, its value has also changed 1.57% moving from RS 51.53 to RS 52.35.
The sudden rise in cryptocurrency has paved the way for the traders buying up bitcoin and other currency to fill up the empty position they were short on and further increase its value. Co-founder and chief executive officer of Mudrex- A Global Crypto Trading platform Edul Patel said “The short squeeze that happened in Bitcoin towards the end of the weekend gave a boost to the entire cryptocurrency market. The past 24 hours saw the market losing steam and entering a consolidation market. We saw a massive number of short positions opening up in Bitcoin. However, this is not a bear market currently, as we saw the price of most cryptos following a tight-range-bound-trajectory,”.
“Bitcoin’s Taproot Upgrade, which is the most significant upgrade to the Bitcoin network in four years, will happen this year in November. The run-up to the network up-gradation will continue to be a price-discovery mode for BTC. Ethereum 2.0 is also supposed to happen last year. These significant events will shape up the next market cycle for cryptocurrencies. For the short term, we can expect the price to consolidate around the current level,” Patel added.
So these is the latest prices and the latest news about the cryptocurrency that you can read in one place so that you don’t just know what is happening with your investment, but also why, and can make an intelligent and genuine choices.
All data for the value is being taken from Binance, Coinbase, which are one of the most trusted and popular platforms to trade cryptocurrency. This is because crypto rates can vary across providers so using a single source for this information is very important and will allow you to trade efficiently.
