{"id":175458,"date":"2024-11-15T09:30:40","date_gmt":"2024-11-15T09:30:40","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/15\/bitcoin-briefly-hits-93000-before-retreating-amid-price-correction\/"},"modified":"2024-11-15T09:30:40","modified_gmt":"2024-11-15T09:30:40","slug":"bitcoin-briefly-hits-93000-before-retreating-amid-price-correction","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/11\/15\/bitcoin-briefly-hits-93000-before-retreating-amid-price-correction\/","title":{"rendered":"Bitcoin Briefly Hits $93,000 Before Retreating Amid Price Correction"},"content":{"rendered":"
\"Bitcoin<\/div>


\n<\/p>\n

\n

Over the past 24 hours, Bitcoin’s value briefly surged to $93,469 (roughly Rs. 78.8 lakh). However, the onset of a price correction prevented it from maintaining that level. As of Friday, November 15, Bitcoin is trading at $87,617 (roughly Rs. 73.9 lakh) on global exchanges and $88,506 (around Rs. 74.4 lakh) on Indian platforms. The cryptocurrency has experienced a price decline of approximately 2.5 percent on both international and domestic markets.<\/p>\n

Commenting on the market status, Vikram Subburaj, CEO, Giottus said that recent comments from Fed Chair Jerome Powell may have impacted BTC’s price movement alongside a price correction. \u201cPowell said there is no urgency to reduce interest rates further. Post this, Bitcoin saw a modest dip,\u201d Subburaj said.<\/p>\n

Ether<\/a> saw a bigger price decline than Bitcoin on Friday. Incurring a loss of over five percent on both national and international exchanges, ETH is presently trading around the price point of $3,042 (roughly Rs. 2.56 lakh).<\/p>\n

As per the crypto price tracker<\/a> by Gadgets360, several cryptocurrencies recorded losses than profits on Friday.<\/p>\n

Tether<\/a>, Solana<\/a>, Binance Coin<\/a>, Dogecoin<\/a>, and USD Coin<\/a> slipped down the price ladder.<\/p>\n

Tron<\/a>, Shiba Inu<\/a>, Avalanche<\/a>, Bitcoin Cash<\/a>, Chainlink<\/a>, and Polkadot<\/a> also saw price dips on Friday.<\/p>\n

The overall crypto market cap dipped by 2.48 percent over the last day, showed CoinMarketCap<\/a>. At the time of writing, the valuation of the crypto market was at $2.91 trillion (roughly Rs. 2,45,75,066 crore).<\/p>\n

Ripple<\/a>, Cardano<\/a>, Near Protocol<\/a>, Stellar<\/a>, and Monero<\/a> clung to profits on the price chart.<\/p>\n

Despite the ongoing market volatility, Bitcoin seems to be on an upward trajectory.<\/p>\n

\u201cBitcoin has become the 7th largest asset surpassing Saudi Aramco,\u201d Edul Patel, Co-founder and CEO of Mudrex told Gadgets360 \u2013 predicting that Bitcoin’s support has moved up to $86,200 (roughly Rs. 72.7 lakh) whereas the next resistance point is at $90,900 (roughly Rs. 76.7 lakh).<\/p>\n

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


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

Over the past 24 hours, Bitcoin’s value briefly surged to $93,469 (roughly Rs. 78.8 lakh). However, the onset of a price correction prevented it from maintaining that level. As of Friday, November 15, Bitcoin is trading at $87,617 (roughly Rs. 73.9 lakh) on global exchanges and $88,506 (around Rs. 74.4 lakh) on Indian platforms. The […]<\/p>\n","protected":false},"author":2,"featured_media":175459,"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\/cryptocurrency_pierre_borthiry_unsplash_1721307843004.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[4924,4923,1159,4936,137179,4939,15613,4925,4938,4941,31039,4935,4929,4916,4937,367,4940,4931,4934,4928,4926,1718,4917,137180,4922,4930,4927,4920,4933,4932,4921,4918,4919],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/175458"}],"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=175458"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/175458\/revisions"}],"predecessor-version":[{"id":175460,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/175458\/revisions\/175460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/175459"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=175458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=175458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=175458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}