Bitcoin on Monday, February 24, showed losses on national and international exchanges alongside most other cryptocurrencies. In the past 24 hours, Bitcoin value has dropped 1.20% on international trade. With this, its price is currently $ 95,630 (around Rs. 82.8 Lakh) on global platforms. The Bitcoin price experienced a drop of less than one percent on Indian exchanges such as Coindcx and Coinwitch among others on Monday. Bitcoin oscillates approximately $ 96,984 (around Rs. 84 Lakh) on national exchanges, according to the Crypto price tracker by Gadgets 360.
“During the weekend, Bitcoin almost recovered the brand from $ 100,000 (about Rs. 86.6 Lakh), before correcting less than $ 95,000 (around Rs. 82.3 Lakh) after hacking Crypto of $ 1.4 billion (approximately Rs. 12,131 crores) on Friday. This incident triggered massive withdrawals from investors, affecting altcoins such as Ethereum, XRP and Solana. In the coming days, BTC can undergo a slight volatility if it falls below the level of critical support of $ 94,000 (about Rs. 81.4 Lakh), “said Alankar Saxena, CTO and co-founder of Mudrex in Gadgets 360.
Ether dropped 1% during the last day and is negotiated at $ 2,732 (around Rs. 2.33 Lakh) on international platforms. On Indian exchanges, the value of the ETH amounts to around $ 2,757 (around Rs. 2.38 Lakh).
“Ethereum quickly rebounded at $ 2,800 (around Rs. 2.42 Lakh), showing strong resilience. However, investors must remain cautious because the market digests the impact of the hack. In the coming days, ”noted Saxena.
The Crypto Price Tracker of Gadgets 360 has shown that most Altcoins exchange losses during the weekend. These include Solana, Binance Coin, Dogecoin, Cardano, Avalanche and Polkadot.
ChainLink, Avalanche, Stellar, Litecoin and Uniswap have also recorded losses on price graphics.
The overall table of cryptography prices has dropped 1.20% in the last 24 hours. Currently, the evaluation of the sector amounts to 3.15 billions of dollars (about Rs. 27 298,513 crore), showed Coinmarketcap.
Only a small heap of cryptocurrencies managed to keep gains in the price table in the middle of the current phase of market volatility. These include Tron, Leo, Monero, Cronos, Iota and Braintrust Saw Gains.
Cryptocurrency is an unregulated digital currency, not a legal offer and subject to risks on the market. The information provided in the article is not intended to be and does not constitute financial advice, commercial advice or any other advice or recommendation of any kind offered or approved by NDTV. NDTV will not be responsible for any loss resulting from any investment according to any recommendation, forecasts or other information contained in the article.
