On Thursday, December 28, Bitcoin recorded a profit of 1.38 percent, pushing its value to $43,064 (roughly Rs. 35.8 lakh). Over the last 24 hours, the cryptocurrency rose by $846 (roughly Rs. 70,426) and maintained a market dominance of 49.9 percent.
Ethereum, however, performed even better, surging by almost nine percent in the last 24 hours and touching a 19-month high of $2,400 (roughly Rs. 1.99 lakh) and even teasing the mark of $2,500 (roughly Rs. 2.08 lakh). This was likely due to the positive sentiment created by Ethereum founder Vitalik Buterin expressing his interest to revamp Ethereum’s Proof of Stake.
Other major cryptocurrencies also saw some gains, including Tron, Chainlink, Shiba Inu, Cardano, and Dogecoin. Wrapped Bitcoin, Litecoin, Bitcoin Cash, Uniswap, and Cosmos minted minor profits.
Concurrently, the path of Bitcoin continues to captivate investors and analysts, with 2024 shaping up for pivotal developments. Rajagopal Menon, Vice President, WazirX, is optimistic about Bitcoin’s possible journey toward the coveted $100,000 (roughly Rs. 83.2 lakh) milestone.
At the time of writing, the crypto market cap stood at $1.69 trillion (roughly Rs. 1,40,65,810 crore) after growing by 2.47 percent in the last 24 hours. Tether, Solana, USD Coin, Avalanche, Polkadot, and Polygon, however, recorded losses on Thursday.
Cryptocurrency is an unregulated digital currency, and is not a legal tender. The information provided in this article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.
