Cryptocurrency market cap drops below the trillion dollar mark as BTC and ETH open with losses.

Kutl Ahmedia


Several cryptocurrencies enjoyed increases in their base values over the month of August, while the bulk of cryptocurrencies saw losses as the month came to a conclusion. Monday, August 29, saw a 0.74 percent little price decline for Bitcoin at the opening. According to Indian exchange CoinSwitch Kuber, the price of one bitcoin is presently $19,808 (roughly Rs. 15.80 lakh). BTC didn't make any money at all on foreign exchanges either. According to CoinMarketCap and Binance, the price of one bitcoin is now at the same level of $19,830. (roughly Rs. 15.80 lakh).

Ether typically lagged BTC and suffered losses. According to Gadgets 360's cryptocurrency price tracker, ETH is currently trading at $1,450, a loss of 2.70 percent, or nearly Rs. 1.16 lakh.

Losses were reported for Tether, Ripple, Cardano, Solana, Polkadot, and Polygon.

Using the power of smartphones, CoinDCX pledges to increase Web3 usage in India.

In the midst of the ongoing market instability, even Dogecoin and Shiba Inu failed to make gains.

"Bitcoin, Ethereum, and the majority of cryptocurrencies were unable to restart advances after the Fed's move to raise interest rates. Investors have been watching the market closely for signs of recovery, but little has changed. According to Edul Patel, CEO and co-founder of the cryptocurrency investing platform Mudrex, "we might see BTC's price dropping considerably lower if it closes below the $19,500 (about Rs. 15.60 lakh) barrier today.

Litecoin, Monero, Bitcoin Cash, Binance Coin, and Binance USD all made the list of winners.

Investigation against India's CoinSwitch Kuber for Breaking Forex Laws

According to Patel, "the overall attitude points to a negative trajectory in the following week."

According to CoinMarketCap, the total market value of the cryptocurrency industry has fallen below the trillion dollar threshold.

The value of the cryptocurrency market is at $954.11 billion, or around Rs. 76,35,042 crore, down 1.29 percent from the previous day.


Post a Comment

* Please Don't Spam Here. All the Comments are Reviewed by Admin.
Post a Comment (0)
To Top