Bitcoin and Ether See Dips After a Day’s Gain With Cryptocurrencies Seeing Red

A day after registering gains, many popular cryptocurrencies witness minor dips in their exchange values.

By Radhika Parashar | Updated: 1 October 2021 11:07 IST

Bitcoin and Ether See Dips After a Day’s Gain With Cryptocurrencies Seeing Red

Bitcoin and Ether among cryptocurrencies to register a dip in prices

Highlights

Bitcoin and Ether open with dips
Several cryptocurrencies witness value drops, including Dogecoin
Litecoin and Bitcoin Cash register minor gains

A day after minor recovery, the value of Bitcoin on Friday opened with a dip of 0.15 percent. The world's second most-valued cryptocurrency is presently trading at Rs. 34,23,691 (roughly $46,082). The development comes a day after Bitcoin rose by 2.38 percent on Thursday, September 30. The week has remained unstable for the crypto market altogether, including for Bitcoin, after China totally banned crypto-trading last week, on September 24. Price fluctuations have also been recorded among other cryptocurrencies throughout the week.

Ether price also slipped slightly one percent this morning. The Ethereum blockchain-based cryptocurrency is currently trading at Rs. 2,36,255 (roughly $3,179). One day ago on September 30, had opened with a gain of 3.8 percent, as per the Gadgets 360 crypto price tracker.

Cardano, Ripple, and Dogecoin are among other cryptocurrencies to record minor drops.

Elon Musk Says Cryptocurrencies Can’t be Destroyed, Growth Can Be Curbed

There are, as of now, only a handful of popular cryptocurrencies that have opened with gains.

Litecoin, Bitcoin Cash, and Cosmos Price grew in values by a slight margin.

Earlier this week, industry analysts had said that following China's crackdown on cryptocurrencies, market instability was only natural. Experts were however hopeful that cryptocurrencies will recover quickly.

As per a research report by Fortune Business Insights, the global cryptocurrency market is projected to reach $1,758 million (approximately Rs. 13,050 crore) by 2027.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency News, Cryptocurrency Price, Cryptocurrency Market, Cryptocurrency Price in India, Cryptocurrency Exchange, Bitcoin Exchange, Bitcoin Prices, Bitcoin Price in India, Bitcoin, Bitcoin Market, Cryptocurrency List, Ether, Litecoin, Dogecoin

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More