Bitcoin, Ether Mark plunges through Monday as altcoins have a mixed start to the week

Bitcoin and Ether suffered declines through Monday, although on-chain exchange entry and exit data from Glassnode suggests another surge could be brewing for the second half of the week. In terms of value, the world’s most popular cryptocurrency appears to have fallen on Monday and yet managed to score gains early on Tuesday. At the time of writing, the value of Bitcoin has increased by 1.38%, after registering a decline of 3.05% until Thursday. At the time of writing, the value of BTC stands at $48,722 (roughly Rs. 36.5 lakh) on the Indian exchange CoinSwitch Kuber.

On global exchanges, Bitcoin price is approaching the $47,000 (approx. Rs. 35.5 lakh) mark to $46,730 (approx. Rs. 35 lakh) gaining 0.89% in value over the past 24 time. Despite the tough start to the week, according to data from CoinGecko, Bitcoin hasn’t declined much week-over-week, sitting at a 0.4% decline.

Ether, the second largest cryptocurrency in the world, saw a similar decline on Monday with a slight change in fortunes on Tuesday morning. At press time, Ether is valued at $3,674 (roughly Rs. 2.5 lakh) on CoinSwitch Kuber while values ​​on global exchanges see the value of the crypto at $3,528 (roughly Rs. 2.5 lakh), where the coin saw a decline of 3.78%. in the last 24 hours.

Data from CoinGecko reveals that the value of the cryptocurrency has increased over 6% in the past week and over 32% since the start of March.

Gadgets 360’s cryptocurrency price tracker reveals a rather mixed picture with minor gains and losses showing up for good measure. The global crypto market capitalization has increased by 0.83% in the past 24 hours. Binance Coin, Solana, Polygon, Chainlink, and Zilliqa all posted losses, while Cardano, Terra, and Polkadot posted losses.

Meme coins Shiba Inu and Dogecoin also had quite a positive performance over the past 24 hours. Dogecoin is currently valued at $0.16 (approx. 12 rupees) after gaining 4.62% in the last 24 hours, while Shiba Inu is valued at $0.000028 (approx. 0.002 rupees), up 0, 03% over the past day.

New data reveals that in the positive month of March for Ether’s recovery in the crypto market, Ethereum miners managed to raise a total of $1.29 billion (approximately 9,740 crore from rupees) of income over the last month. Although this is still far from the all-time high recorded in November last year, it bodes well for miners who have suffered a difficult few months during the winter period.

Meanwhile, U.S.-listed companies that act as custodians of cryptocurrencies on behalf of their users should recognize those assets as liabilities and warn investors of the associated risk, the Securities and Exchange Commission said. (SEC) of the United States in a recently published staff accounting bulletin. . The new guidelines, which aim to highlight in particular the potential risks of crypto-related investments for clients, will apply to traditional businesses such as banks or retail brokers who hold cryptocurrencies for their clients or provide other related services, as well as to crypto exchanges.

Cryptocurrency is an unregulated digital currency, which is not legal tender and is subject to market risk. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss resulting from any investment based on any perceived recommendation, forecast or any other information contained in the article.


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