Cryptocurrency Prices in India Today: Bitcoin and Ethereum Slip Marginally, Dogecoin Witnesses Rise

Bitcoin value decreases in India, trades below Rs. 38 lakh. Dogecoin price in India is up a bit in the last 24 hours.

By Radhika Parashar | Updated: 17 September 2021 11:36 IST

Cryptocurrency Prices in India Today: Bitcoin and Ethereum Slip Marginally, Dogecoin Witnesses Rise

Bitcoin, Dogecoin, and Ethereum values witness moderate fluctuation

Highlights

Dogecoin value goes up in the last 24 hours
Ethereum and Bitcoin exchange rates slip marginally
Most major cryptocurrencies show decrease in value

Most major cryptocurrencies have seen small drops over the last 24 hours, although there are a few standouts that are still growing. A longer trend for tokens like Bitcoin is still positive although we're still quite far from the highs in May. The recent drops might be linked to things like the fake news that Walmart was going to accept Litecoin — while this was quickly denied by all official sources, in a short period, the damage was done with a sudden price rise and an equally sudden drop.

Bitcoin, the world's largest cryptocurrency by market capitalisation, on Friday slipped by 0.65 percent in the last 24 hours, but this is still up from earlier this week, according to the Gadgets 360 Bitcoin Price History tracker. Bitcoin price in India was Rs. 37,23,736 at the time of writing this.

Ethereum price in India also dropped 2.84 percent, trading at Rs. 2,77,586. Although Ethereum has faced some challenges of late, it remains the most popular blockchain for use in NFTs which has certainly helped its value.

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Dogecoin price in India, on the other hand, is up by 5.25 percent with its value crossing Rs. 20 again. In addition, Tether (USDT) is also up by +0.34 percent and is now trading at Rs. 78.32. As a stablecoin pegged to the US Dollar, Tether's price, of course, is not as volatile as other cryptocurrencies.

Meanwhile, Uniswap Price has sunk by 5.21 percent and is trading at Rs. 2,020.76.

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Cryptocurrency trading is picking pace around the world. Earlier this month, AMC Theatres said that it will accept Bitcoin for online ticket and concession payments, and similarly accept other cryptocurrencies like Ethereum, Litecoin, and Bitcoin Cash, which is likely to have a positive effect on the sentiment around crypto.

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: crypto, cryptocurrency, bitcoin, ethereum, dogecoin, trading

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