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Bitcoin reached near 24 thousand dollars, other altcoins also increased

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Bitcoin

HIGHLIGHTS :

  • Global crypto market capitalization grew by 4.44 percent
  • Dodgecoin is trading at Rs 5.77
  • The price of Shiba Inu is $0.000012 (approximately Rs.0.000974)

Crypto Price Tracker Shows That Most Altcoins Have Seen Price Increases Today

Global crypto market capitalization grew by 4.44 percent

There has been an increase in the price of bitcoin today. This is the highest level the price of bitcoin has seen in almost a week since this major drop. Bitcoin has crossed $23,000 (about Rs 18.4 lakh). Its price has increased by 3.54 percent in the last 24 hours and it has now reached close to 24 thousand dollars. On the Indian exchange Coinswitch Kuber, the price of bitcoin is trading at $24,240 or about Rs 19.4 lakh, which is an increase of 2.69 percent in the last 24 hours.

Dodgecoin is trading at Rs 5.77

On global exchanges such as CoinMarketCap, Coinbase, and Binance, the price of bitcoin remains at $23,805, which is approximate Rs.19 lakh. Bitcoin is up 3.3 percent in week-to-day performance. Meanwhile, the price of Ether has also seen a big jump. At the time of writing this report, Ether CoinSwitch was trading on Kuber for $1,748, or approximately Rs 1.4 lakh. Globally, its price is trading at $ 1,713 i.e. around Rs 1.37 lakh, which is an increase of 5.37 percent in the last 24 hours. According to data from CoinGecko, its value has increased by 9.6 percent in the past few days.

The price of Shiba Inu is $0.000012 (approximately Rs.0.000974)

The Crypto Price Tracker shows that most of the altcoins have seen an upward trend today. Global crypto market capitalization has increased by 4.44 percent. All the popular altcoins like Solana, Polygon, TRON, Cardano, and Chainlink have seen gains today. While Monero has registered a loss of 3.34 percent.

Talking about Mime cryptocurrencies, Shiba Inu and Dogecoin have also seen slight gains today. Currently, Dogecoin is trading at $ 0.07 i.e. around Rs 5.77. At the same time, the price of Shiba Inu is at $0.000012 (approximately Rs.0.000974) which is an increase of 3.62 percent in the last 24 hours.

The fundamental reason behind altcoins following Bitcoin is because altcoin prices are typically measured in Bitcoin. The original crypto asset may be flanked by over 3,000 competitors, but it still commands over half of the entire cryptocurrency market cap. This domination of the crypto market affords Bitcoin a lot of influence and control.

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