BTC, ETH Step into September with Small Losses, Majority Altcoins Follow

As per Indian exchange CoinSwitch Kuber, BTC is currently trading at $20,000 (roughly Rs. 16 lakh).

By Radhika Parashar | Updated: 1 September 2022 11:04 IST

BTC, ETH Step into September with Small Losses, Majority Altcoins Follow

Photo Credit: Unsplash/ Dmitry Demidko

At present, the market valuation of the crypto industry stands at $983.35 billion

Highlights

Binance Coin and Binance USD both saw losses
DOGE, SHIB also slipped down the price ladder
Polygon, Terra bagged profits

After a roller-coaster market ride in August, the crypto world stepped into the month of September with more reds than greens on the first day. Bitcoin, on Thursday, September 1, entered the trading arena with a miniscule price dip of 0.24 percent. As per Indian exchange CoinSwitch Kuber, BTC is currently trading at $20,000 (roughly Rs. 16 lakh). Tiny losses also struck Bitcoin on international exchanges. On CoinMarketCap and Binance, for instance, BTC slipped on the price ladder by 0.61 percent to trade at around the same price point of $20,000.

Ether entered September with reeling-in fatter losses than BTC. ETH dipped by 2.54 percent to trade at $1,542 (roughly Rs. 1.20 lakh) as per Gadgets 360's crypto price tracker.

Majority altcoins including Tether, Binance Coin, Binance USD, Ripple, Cardano, and Solana registered losses.

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Both memecoins Dogecoin and Shiba Inu also failed to bag gains.

According to CoinMarketCap, the global crypto market cap ducked by 0.88 percent over the past 24 hours.

At present, the market valuation of the crypto industry stands at $983.35 billion (roughly Rs. 78,22,400 crore).

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Amid the market volatility, Polygon and Stellar emerged as altcoins that managed to score small but significant gains.

In fact, UNUS SED LEO, NEAR Protocol, Terra, and Doge Killer also contributed with greens on the otherwise red-dominated price charts.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Tether, Cardano, Binance Coin, Binance USD, Ripple, Solana, Dogecoin, Shiba Inu, Polygon, Stellar, UNUS SED LEO, NEAR Protocol, Terra, Doge Killer

Radhika Parashar

Email Radhika

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