{"id":110959,"date":"2024-08-09T06:12:06","date_gmt":"2024-08-09T06:12:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/09\/btc-bounces-back-to-61000-overall-crypto-chart-points-at-recovery\/"},"modified":"2024-08-09T06:12:06","modified_gmt":"2024-08-09T06:12:06","slug":"btc-bounces-back-to-61000-overall-crypto-chart-points-at-recovery","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/09\/btc-bounces-back-to-61000-overall-crypto-chart-points-at-recovery\/","title":{"rendered":"BTC Bounces Back to $61,000, Overall Crypto Chart Points at Recovery"},"content":{"rendered":"
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The crypto market, after witnessing a slump recently, is jumping back to recovery as indicated by the crypto charts on Friday, August 9. Bitcoin managed to garner a profit of 7.63 percent on international exchanges over the last day. With this, the price of BTC on CoinMarketCap has come to $61,285 (roughly Rs. 51.4 lakh). On Indian exchanges, meanwhile, Bitcoin saw a price hike of around six percent that took its trading value to $65,545 (roughly Rs. 55 lakh). The legalisation of BTC mining in Russia is the most recent development that has spiked crypto prices overnight.<\/p>\n

\u201cBitcoin has breached through key resistance levels and has invalidated last weekend’s decline. News that Russia has legalised Bitcoin mining plus anticipation of US interest rate cuts may have contributed to this shift,\u201d Vikram Subburaj, CEO, Giottus told Gadgets360.<\/p>\n

Ether<\/a> reflected a profit of 8.17 percent to trade at $2,527 (roughly Rs. 2.12 lakh) on Friday, showed the crypto price tracker<\/a> by Gadgets360. With this price gain, Ether has managed to break its downtrend against Bitcoin<\/a>.<\/p>\n

\u201cFor ETH, it’s crucial to gain above $2,800 (roughly Rs. 2.35 lakh) to maintain its momentum,\u201d the CoinDCX research team told Gadgets360.<\/p>\n

Tether<\/a>, Solana<\/a>, Dogecoin<\/a>, Cardano<\/a>, Tron<\/a>, Avalanche<\/a>, Polkadot<\/a>, and Chainlink<\/a> recorded profits alongside BTC and ETH on Friday.<\/p>\n

Leo<\/a>, Litecoin<\/a>, Polygon<\/a>, Stellar<\/a>, Cronos<\/a>, and Cosmos<\/a> also made profits.<\/p>\n

\u201cThis uptick is driven by renewed investor confidence and optimism, particularly in response to recent regulatory developments that have eased market tensions. However, analysts warn that this recovery could be marked by volatility, with price swings likely as the market contends with external influences and shifting dynamics,\u201d the CoinSwitch Markets Desk told Gadgets360.<\/p>\n

The overall crypto market cap has risen by 6.64 percent in the last 24 hours. With this, the valuation of the sector has come to $2.15 trillion (roughly Rs. 1,80,41,649 crore), showed CoinMarketCap<\/a>.<\/p>\n

Loss-making cryptocurrencies, meanwhile, included Shiba Inu<\/a>, Near Protocol<\/a>, Uniswap<\/a>, and Aave<\/a> on Friday.<\/p>\n

\u201cThe recent announcement of Morgan Stanley’s plan to offer Bitcoin ETFs to its wealthy clients further fuels optimism in the market. The positive momentum in the crypto market is expected to continue with a surge in prices as the market recovers from the recent downturn,\u201d Shivam Thakral, CEO of BuyUcoin told Gadgets360.<\/p>\n

Affiliate links may be automatically generated – see our ethics statement<\/a> for details.<\/i><\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market, after witnessing a slump recently, is jumping back to recovery as indicated by the crypto charts on Friday, August 9. Bitcoin managed to garner a profit of 7.63 percent on international exchanges over the last day. With this, the price of BTC on CoinMarketCap has come to $61,285 (roughly Rs. 51.4 lakh). […]<\/p>\n","protected":false},"author":2,"featured_media":110960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/DAO_crypto_RODNAE_Productions_large_1645791983755.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[4924,4923,1159,4936,91314,91315,4939,5481,4925,4938,4943,4941,4251,4935,4929,4916,4937,4940,4931,4934,1607,4928,4926,4917,5880,4922,4930,4927,4920,4933,4932,4921,4918,4919],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/110959"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=110959"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/110959\/revisions"}],"predecessor-version":[{"id":110961,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/110959\/revisions\/110961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/110960"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=110959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=110959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=110959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}