Bitcoin price rises to above $97,000 after a slight decline, and the values ​​of most altcoins are rising

The cryptocurrency market saw a rebound on Wednesday, with most digital assets posting gains. Bitcoin saw a price increase of 1.46% on international exchanges, where it was traded at $97,433 (about Rs 84 lakh), according to CoinMarketCap data. Likewise, on Indian exchanges like CoinDCX and CoinSwitch, Bitcoin price rose by more than 1.45%, reaching around $103,722 (around Rs 89.6 lakh). ether It followed Bitcoin’s path to show signs of price recovery on national and international exchanges on Wednesday. The value of the asset rose 1.32 percent on international bourses, where it was trading at $3,220 (about Rs 2.78 lakh). According to Indian exchanges, ETH is trading at $3,412 (about Rs 2.95 lakh).

“Bitcoin It is currently witnessing a strong recovery after the sharp decline witnessed over the past few days. This recovery can be attributed to better-than-expected Producer Price Index data, which brought renewed optimism to the market. “However, all eyes are now on the release of the Consumer Price Index (CPI) today, which may bring new volatility and possibly change the market direction,” CoinSwitch’s Markets Desk told Gadgets 360, commenting on the market situation.

the Track crypto prices Gadgets 360 showed that the prices of most cryptocurrencies rose on Wednesday.

These included ripple, Solana, Dogecoin, Cardanoand Avalanche.

Chain link, excellent, Shiba Inu, Dottedand com.uniswap Profits were also recorded.

“While renewed buying interest has boosted sentiment, all eyes are now on the release of CPI data later today, which could impact the market trajectory,” Idul Patel, CEO of Mudrex, told Gadgets 360.

The value of the cryptocurrency market has increased by 1.98 percent in the past 24 hours. The current market capitalization of the sector is $3.37 trillion (about Rs 2,91,40,305 crore), according to data released by CoinMarketCap.

Meanwhile, pregnancy, You seeand Leo Reversing slight losses on Wednesday.

“Cryptocurrency markets have started trading on a bullish note today. This could be a result of the positive sentiment around the proposed spot ETF, which is expected to attract over $10 billion (about Rs 86,457 crore) in inflows after its approval. With this, it is expected to The price of XRP is rising to new highs in the coming days, as traders remain highly optimistic about the rally,” the CoinDCX research team told Gadgets 360. Investors have been strongly advised to be cautious. Be careful and do your due diligence before making an investment. and trading decisions.

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