Bitcoin holds $21,000, Polygon and Avalanche fall Gains

Bitcoin holds $21,000, Polygon and Avalanche fall Gains: Although the value of Bitcoin and the broader crypto market hasn’t increased much over the previous 24 hours. Things have generally been going well, with the capitalization of the global crypto market increased by a respectable amount daily.

Currently, the price of the biggest cryptocurrency in the world by market capitalization is fluctuating between $21,000 and $22,175 (approximately Rs. 16.5 lakh and Rs. 17.3 lakh), up 2.96 percent on the previous day on the Indian exchange CoinSwitch Kuber.

Bitcoin is presently trading at $21,035 on major exchanges, including CoinMarketCap, Coinbase, and Binance (approximately Rs. 16.5 lakh). According to CoinGecko statistics, its value is up by 3.1 percent weekly.

While Bitcoin has remained close to the $21,000 (approximately Rs. 15.5 lakh) level, Ether too made some progress. At the time of publication, the value of Ether was $1,209 (roughly Rs. 95,000) on CoinSwitch Kuber, while it was $1,146 (about Rs. 90,000) on international exchanges, where it had increased by 5.75 percent during the previous 24 hours.

Bitcoin holds $2100000 Polygon and Avalanche fall Gains

According to CoinGecko statistics, Ether’s price fluctuation over the previous 24 hours has caused the cryptocurrency‘s worth to change from red to roughly 8% green compared to last week’s value.

The majority of the top altcoins enjoyed significant increases over the previous day, according to Gadgets 360’s cryptocurrency price tracker, as the market capitalization of all cryptocurrencies increased by 3.61 percent in the past day.

BNB, Polkadot, Avalanche, Solana, and Chainlink all saw increases, but Polygon was the biggest gainer, increasing its value by more than 20%.

Memecoins This week has been successful for Shiba Inu and Dogecoin, which both have gained value. Shiba Inu is presently at $0.000011 (about Rs. 0.000849), up by 1.43 percent over the previous day, while Dogecoin is currently valued at $0.06 (around Rs. 5.4), up more than 1.9 percent over the last 24 hours.

“Early in the trading day, markets were trending downward before finally reversing course. Following the Fed’s admission that a recession is “definitely a possibility” and that a “soft landing” is “extremely tough,” risk-averse behavior has continued.

We anticipate investors to exercise more prudence in managing their portfolios over the next several months. Which will likely result in a sustained market decline, “The CoinDCX research team informs gadgets 360.