BTC, ETH See Gains, Majority Altcoins Follow Suit as September Draws Closer to End

BTC is trading at $19,477 (roughly Rs. 15.8 lakh).

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 29 September 2022 11:32 IST

BTC, ETH See Gains, Majority Altcoins Follow Suit as September Draws Closer to End

Photo Credit: Pixabay/ WorldSpectrum

Crypto industry’s valuation currently stands at $941.32 billion

Highlights

Dogecoin, Shiba Inu saw gains
Cosmos, Stellar saw losses
Crypto market cap rose by 3.67 percent in 24 hours

As the month of September stands just a day away from marking its end for this year, the crypto price charts have decked up in greens making way for the festive season in India as well as in other parts of the world. Bitcoin stepped into Thursday, September 29, with profits of around three percent. As per the crypto price tracker by Gadgets 360, BTC is trading at $19,477 (roughly Rs. 15.8 lakh). Gains also reflected next to Bitcoin on international exchanges. As per CoinMarketCap and Binance, BTC is priced $19,509 (roughly Rs. 16 lakh) on global platforms.

Ether, riding on the successful launch of Ethereum's much awaited Merge upgrade, also reeled-in BTC-like gains on Thursday. As per Gadgets 360's crypto tracker, ETH is valued $1,335 (roughly Rs. 1.08 lakh) with a price hike of 3.71 percent.

Majority altcoins also followed the top two cryptocurrencies and added profits to their portfolios.

[Sponsored] Samsung Galaxy S24: The Ultimate Camera Phone With Smarter On-Device AI

These include Binance Coin, Ripple, Cardano, Solana, Polkadot, and Polygon among others.

Meme-inspired Dogecoin and Shiba Inu also saw gains of 2.23 percent and 2.44 percent respectively. Their present values stand at $0.060 (roughly Rs. 4.93 and $0.000011 (roughly Rs. 0.000909) respectively.

With a 3.67 percent overall increase in the crypto market cap, the industry's valuation currently stands at $941.32 billion (roughly Rs. 76,80,268 crore), showed data by CoinMarketCap.

IMF Says PoS Could Give Exchanges Excessive Decision-Making Powers

Meanwhile, there were a few altcoins that did bring reds to the crypto charts.

Tether, Binance USD, Chainlink, Cosmos, and Stellar saw small, but significant price drops.

Apple unveiled eight new products at its September 'Far Out' event. Which ones will float — and which will sink? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Cryptocurrency, Bitcoin, Ether, Binance Coin, Solana, Polygon, Tron, Avalanche, Tether, Binance USD, Ripple, Cardano, Polkadot, Uniswap, Dogecoin, Shiba Inu, Cosmos, Stellar

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