Bitcoin Gets Closer to $60,000, Dogecoin Value Continues to Slip


Bitcoin continues its past day best performance and has crossed $57,000 (around Rs 42 lakh) for the first time since May. At the time of writing, the world’s most popular cryptocurrency is trading at around $57,490 (approximately Rs 43.3 lakh) on Binance and CoinMarketCap, while on Indian exchange Coinswitch Kuber, the value of BTC is already above $59,000 (approximately Rs 44.8 lakh). is more. The cryptocurrency hit an all-time high of $65,000 (approximately Rs 48.9 lakh) in April this year and if the rally continues, we could set a new record in a day or two.

Ether and other altcoins, meanwhile, continue to make a steady break to the green. Gadgets360 cryptocurrency price tracker shows ether Monday witnessed a half-decent day of trading, opening on a valuation of Rs. 2,79,134 (approximately $3,740) on Coinswitch Kuber on Tuesday. The second most valuable cryptocurrency rose 1.29 percent through Monday, although a consistent rally has yet to begin.

elsewhere, cardanohandjob tie ropehandjob Wave And polka dot All continued to decline by an average of 2-3 per cent. dogecoin The rupee appears to be struggling to turn its fortunes with a fall of 3.58 per cent to trade at Rs. 17.96 (about $0.24). rival memecoin Shiba Inu Meanwhile, there is an increase of 19.65 percent, which is a rough start to the week for most other altcoins.

whereas Bitcoin The rally has excited investors El Salvador, the country that officially adopted bitcoin as legal tender in September, has achieved some criticism From Vitalik Buterin, co-founder of Ethereum.

El Salvador President Nayib Bukele has reportedly forced companies to accept bitcoin after adopting the cryptocurrency as legal tender – a move that saw Buterin express his anger in a Reddit discussion, where he Shared his comment in response to a post by another user.

In other news that hit the headlines, Bakkt – a platform for institutional investors to trade and store digital assets on a global network, announced partnership with google Allows users to add their virtual Visa debit cards to Google Pay to purchase goods and services in-store and online.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain of classGadgets 360 Podcast. orbital is available Apple Podcastshandjob google podcastshandjob Spotifyhandjob amazon music And wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.