2024-09-25 12:54:08 : On Wednesday, September 25, the overall cryptocurrency chart showed gains outweighing losses. In the past 24 hours, Indian exchanges gained 1.20% and international exchanges gained 6.14%. According to data from CoinMarketCap, BTC is trading at $64,380 (approximately Rs. 5.37 crore) on international exchanges at the time of writing. Meanwhile, on Indian exchanges, the asset was priced at $66,630 (approximately Rs. 5.56 crore).
“Cryptocurrency markets continue to rally. BTC remains bullish, but with highly leveraged short positions exceeding $10 billion (~Rs 83,526 crore) and liquidation levels at $72,000 (~Rs 60 lakh), we may see volatility As well as a possible rejection or pullback around this area, ETH and related coins have performed well, with ETH/BTC finding strong trendline support, pointing to further outperformance. Notably, quarterly US GDP data is due out tomorrow. Key events to watch this week,” CoinDCX Market Desk told Gadgets360.
Binance Coin, Ripple, Dogecoin, Cardano, Tron and Avalanche Coin rose alongside Bitcoin on Wednesday.
Shiba Inu, Polkadot, Leo, Litecoin, Cronos, Cosmos, Polygon, Bitcoin SV, and Neo Coin also entered profitable territory on the cryptocurrency charts on Tuesday.
In the past 24 hours, the overall market value of cryptocurrencies has increased by 1.89%. CoinMarketCap shows that so far, the valuation of the cryptocurrency industry has reached $2.26 trillion (approximately Rs. 18,876,616 crore).
Shivam Thakral, CEO of BuyUcoin, told Gadgets360: “The shift in monetary easing globally, especially China’s easing of policy along with other major economies in response to the economic slowdown, is the main reason for this upward momentum.”
Solana and USD Coin join ETH in the red on cryptocurrency charts. Stellar, Zcash, Iota, Qtum, and Status also experienced price drops.
“The cryptocurrency market is seeing significant inflows, both directly and through ETFs, driven by improving economic confidence as central banks in the US, EU and China cut interest rates,” Mudrex CEO Edul Patel told
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