scorecardresearchBitcoin holds near $21,000, Ether rises slightly along with other altcoins

Bitcoin holds near $21,000, Ether rises slightly along with other altcoins

Updated: 25 Aug 2022, 05:18 PM IST
TL;DR.
The largest cryptocurrency was changing hands at about $21,699, up a few fractions of a percentage point over the previous day while Ether gained 4.01 percent to 1,704 over the past 24 hours.
Bitcoin, the largest virtual coin by market value.

Bitcoin, the largest virtual coin by market value.

The majority of the cryptocurrencies were trading in the green with flagship currency trading above the $21,000 level.

The crypto investors are awaited for ‘The Merge’ in Ethereum, along with the US Fed Chairman Jerome Powell's next move on interest rates hikes.

Bitcoin, the largest virtual coin by market value, has retreated more than 50 percent this year. The token has been moving in a range of about $19,000 to $25,000. 

On Thursday, it was changing hands at about $21,699, up a few fractions of a percentage point over the previous day, according to Coindesk data at 14:15 IST.

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Bitcoin price chart

On the other side, Ether, the second largest cryptocurrency, gained 4.01 percent to 1,704 over the past 24 hours, according to Coindesk data at 16:15 IST.

Other popular digital tokens, which tend to move in tandem with bitcoin, also gained. Shiba Inu, the second-largest meme coin, jumped over 8.20 percent to $0.000014, Solana rose more than 2.83 percent to $36.10 whereas Dogecoin, the most followed meme coin, gained 4.84 percent to $0.070461.

The global cryptocurrency market cap increased to 2.07 percent to $1.05 trillion in the last 24 hours. However, the total cryptocurrency trading volume decreased 1.38 percent to $67.01 billion and out of a total market cap, bitcoin's dominance is 39.62 percent, a decrease of 0.15 percent over the day, as per CoinMarketCap data at 16:30 IST.

According to a KuCoin survey, almost 15 percent of Indians traded in the cryptocurrency market in the last six months.

 

First Published: 25 Aug 2022, 05:18 PM IST