As the presidential race in the United States between Donald Trump and Kamala Harris becomes increasingly heated, the entire cryptocurrency market is struggling to stabilize. Multiple cryptocurrencies reflected gains on their price charts on Monday, September 23. In the past 24 hours, Bitcoin’s profits on Indian and international exchanges were around 1.30% and 2.15% respectively. According to data from India’s CoinDCX exchange, BTC is trading at $66,375 (approximately Rs. 5.54 crore). Meanwhile, CoinMarketCap shows that on international exchanges, the price of BTC is $64,388 (approximately Rs. 5.38 crore).
Gadgets360’s crypto price tracker shows that Ethereum prices fell 1.34% on Tuesday. India’s CoinDCX cryptocurrency exchange shows that ETH is trading at $2,775 (roughly Rs. 2.77 lakh) at the time of writing. In Forex trading, the price of ETH is $2,674 (approximately Rs. 2.23 lakh).
Avinash Shekhar, co-founder and CEO of Pi42, said: “Ethereum is rebounding from key support levels against Bitcoin, raising the question of whether ETH will reverse course. We will have to wait and see.”
Tether, Binance Coin, Shiba Inu and Leo all edged higher.
On Monday, Cosmos, Zcash, Cartesi and Mobox also posted gains second only to BTC and ETH.
In the past 24 hours, the overall market value of cryptocurrencies has increased by 2.21%. According to CoinMarketCap, the valuation of the cryptocurrency industry has reached $2.26 trillion (approximately Rs. 1,88,65,361 crore),
Sentiment strengthened further after Kamala Harris pledged support for artificial intelligence and digital asset investments in her first public statement at a Wall Street fundraiser. This positive momentum could push Bitcoin to new highs as the U.S. election approaches. ” Mudrex CEO Edul Patel told Gadgets360.
Solana, USD Coin, Ripple, Cardano, Avalanche, and Polkadot were on the losing side of cryptocurrency charts on Monday.
Prices of Polygon, Bitcoin SV and Iota also fell.
In the coming days, market analysts believe that bulls may increase their involvement in the digital asset space, leading to volatility in the cryptocurrency market.
“A major market shift has been observed recently, with altcoins outperforming Bitcoin and Ethereum after the Federal Reserve lowered interest rates. The future of cryptocurrencies is optimistic as increased liquidity indicates bullish sentiment among investors,” BuyUcoin Chief executive Shivam Thakral told Gadgets360.
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