The price of Bitcoin has seen a slight increase as the prices of several Altcoins continue to fall

According to Gadgets360’s crypto price tracker, the price of bitcoin rose 0.93 percent on Thursday ahead of the upcoming fourth bitcoin halving, taking the currency to $66,615 (roughly Rs. 55.5 lakh). In the last 24 hours, the price of BTC increased by $468 (approximately Rs. 39,025). On international exchanges, meanwhile, BTC is trading at $70,530 (roughly Rs. 58.8 lakh).

“After a small price correction, BTC has started to see strength again as the world’s number one crypto found a new base near $70,000 (roughly Rs. 58.3 lakh). It remains to be seen, Bitcoin With only eight days to go until the halving, whether the heavy resistance zone at around $74,000 (roughly Rs. 61.7 lakh) is finally broken before then,” CoinSwitch Markets Desk said on Thursday.

Ether Despite the volatility in the market, prices recorded a remarkable increase of 5.35% in the last 24 hours. With this, the trading price of ETH in India has reached $3,355 (roughly Rs. 2.79 lakh). Yesterday, the price of Ether increased by $165 (roughly Rs. 13,758). On CoinMarketCap, Ether is trading at $3,560 (roughly Rs. 2.96 lakh).

“In the past 24 hours, the market experienced volatility following the announcement of higher-than-expected CPI data. This led to a brief decline in the crypto market. ETH continues to trade within a range, with $3,650 (around Rs. 3.04 lakh) has the potential to move upwards after clearing the level,” CoinDCX Market Desk told Gadgets360.

Tether, Binance coin, Dogecoin, Avalanche, Leo, CosmosAnd Cronus BTC and ETH emerged as other cryptocurrencies that saw their prices rise on Thursday.

However, other popular cryptocurrencies have declined in value thanks to ongoing market volatility. Solana, the wave, Cardano, Sheba AnuAnd Polkadot Find yourself on the losing side of the crypto chart.

The overall crypto market value currently stands at $2.63 trillion (roughly Rs. 2,19,25,876 crore) and has increased by 1.36% in the last 24 hours, according to CoinMarketCap.

“Rising inflation has reduced interest rate futures to just two rate cuts in 2024, compared to the six to eight cuts expected at the start of March. With no interest rate cut, people are likely to see risky assets like crypto. Investments in asset classes are unlikely to continue,” the CoinDCX team told Gadgets360, advising investors to be cautious in making financial decisions.

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