Cryptocurrency Price in India: Bitcoin Rises to $65,000, Most Cryptocurrencies Record Small But Notable Profits

The cryptocurrency market appears to be recovering from a price perspective, with most cryptocurrencies reflecting profits on Wednesday, June 19. Bitcoin posted a small gain of 0.35% to trade at a price of $65,573 (around Rs. 54.6 lakh), according to CoinMarketCap. This is the first time in weeks that Bitcoin has managed to reach and cross the $65,000 (around Rs. 54 lakh) mark on international exchanges. Meanwhile in India, Bitcoin is trading at $71,915 (around Rs. 59.9 lakh) on exchanges like WazirX and CoinDCX.

“Although Bitcoin appears slightly bearish on shorter time frames, it is performing well on weekly charts, indicating that the bull market is likely still ongoing. Bitcoin dominance also remains stable at around 55%,” the CoinSwitch Markets Desk told Gadgets360.

Ether Its value fell 2.73% on Wednesday, according to Gadgets360 Crypto price tracker. At the time of writing, ETH was trading at $3,092 (around Rs. 2.57 lakh) on Indian exchanges and around $3,560 (around Rs. 2.96 lakh) on international exchanges. It is estimated that the price of Ether will rise, given the latest developments in the United States.

“Ethereum developer Consensys announced that the U.S. Securities and Exchange Commission is finishing its investigation into whether ETH is a security and whether ETH sales constitute security transactions,” the CoinSwitch desk added.

Most cryptocurrencies posted gains on Wednesday. These include Bind, Binance coin, Solana, Ripple, Dogemoneta, Cardano, Shiba Inu, AvalancheAND Tron.

Polka dot, Chain shirt, Uniswap, PolygonAND Close to the protocol also recorded smaller gains.

“Overall, the market is slowly recovering from recent declines. Ethereum ETF issuers received SEC feedback on their S-1 forms last week, with a deadline to finalize them by this Friday,” Edul Patel, CEO of Mudrex, told Gadgets360.

The small group of altcoins that reflected Wednesday’s losses include Litecoin, Elrond, EOS coinAND Loser.

As per CoinMarketCap, the overall cryptocurrency market capitalization increased by 0.92% in the last 24 hours. With this, the industry’s valuation has reached $2.38 trillion (approximately Rs. 1,98,41,691 crore).

Cryptocurrency is an unregulated digital currency, it is not legal tender and is 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 kind offered or endorsed by NDTV. NDTV will not be liable for any losses resulting from investments based on recommendations, forecasts or any other information contained in the article.

Affiliate links may be automatically generated – see our Ethics statement for details.

Fuente