Crypto Price Today: Bitcoin prices rise to see more gains, small losses hit Ripple, Dogecoin

On Friday, October 10, Bitcoin saw a slight gain of 0.53 percent. Although the percentage of profit may seem small, it took the trading price of Bitcoin to $36,770 (approximately Rs 30.6 lakh). In the last 24 hours, the price of Bitcoin has increased by $ 452 (about Rs 37,664). This increase in value represents the highest price for Bitcoin in eighteen months. With the top cryptocurrencies trading in profits, most altcoins are entering their recovery phase.

“The wave of optimism towards the Bitcoin Spot ETF continues as the approval window for its launch begins. While the approval itself could happen as analysts predict could push the token price above $40,000 (roughly Rs. 33 lakh), it will take some time for the ETF to be launched to the public,” Rajagopal Menon, vice president of WazirX, told Gadgets 360. told. Commenting on the market situation.

For example, Ether has been trading in gains for over a week. On Friday, after a massive gain of 10.69 percent, Ether price finally crossed the $2,000 mark (approximately Rs 1.66 lakh). At the time of writing, ETH was trading at $2,115 (approximately Rs 1.76 lakh).

“In this volatile scenario, ETH displayed resilience, holding its position just below the $2,130 (approximately Rs 1.76 lakh) resistance level and registering a remarkable 10 percent gain within a day. This outperformance against BTC over the past 24 hours can be attributed to the news that BlackRock Asset Manager has officially filed for a spot Ethereum ETF with NASDAQ. This previously filed BTC spot ETF is pending approval,” the CoinDCX research team told Gadgets360.

Binance Coin, USD Coin, Solana, Cardano, Chainlink and Polygon emerged among the profit-making cryptocurrencies along with BTC and ETH.

Tron, Polkadot, Litecoin, Shiba Inu, Avalanche and Cosmos also managed to post small gains.

The total crypto market cap increased by 2.30 percent in the last 24 hours. According to coinmarketcapThe valuation of the crypto market is at the mark of $1.4 trillion (approximately Rs 1,16,59,102 crore).

“The token of the ETH liquid staking platform has seen an increase after news became public about BlackRock’s plans to file for an ETH-based ETF. These tokens include LDO (+18.9 percent) and RPL (+21 percent),” Parth Chaturvedi, investment lead at CoinSwitch Ventures, told Gadgets360.

Only a few cryptocurrencies recorded losses today. These include Ripple, Dogecoin, Bitcoin Cash, Leo, Stellar and Uniswap.

Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information provided in the article is not intended to constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be responsible for any loss incurred from any investment based on any speculative recommendation, forecast or any other information contained in the article.

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