NEWS

Bitcoin, Ether Value Hit New All-Time Highs

Yashika Gupta

Nov 03,2024
2 min read
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Bitcoin on Tuesday, November 9, opened trading at an all-time high of$ (roughlyRs.50.5 lakh), as per global crypto price shamus Coin Market Cap. In India, Bitcoin is worth indeed more, trading at$ (roughlyRs.53.9 lakh) per commemorative on Coin Switch Kuber, after the world's oldest cryptocurrency gained3.37 percent in value to reach its major high.

Before, in October, the cryptocurrency had crossed the corner of$ (roughlyRs.49.5 lakh) just when the first Bitcoin Exchange Trade Fund (ETF) debuted at the New York Stock Exchange. This isn't the only good news for the day for crypto investors, however.

Following Bitcoin, Ether also rose in value to reach an each-time high of$ (roughly Rs.3.5 lakh), as per the data on CoinMarketCap. Ether is trading at$ (roughly Rs.3.83 lakh) in India, as per Contrivance 360's crypto price shamus. The world's alternate most-valued crypto coin gained1.82 percent in the last 24 hours, violating the$ (roughly Rs.3.47 lakh)- mark for the first time in history.

“The instigation in the cryptocurrency request is largely bullish at the moment. Over the once 24 hours, we saw the total request cap surpass the massive$ 3 trillion (roughly Rs. crore)- mark. The coming 24 hours could witness some quantum of profit booking as the instigation settles after the new each- time highs traduced,” Edul Patel, CEO, and Co-founder of cryptocurrency investment platform Mudrex told.

Keeping up with the request instigation, several other popular altcoins including Cardano, Ripple, Uniswap, and Litecoin also saw a rise in values.

After having battled rough many days of price dips, rival meme-grounded canine coins Dogecoin and Shiba Inu also witnessed value hikes of3.37 percent and3.39 percent independently in the last 24 hours.

Tether, Dapple, USD Coin, and Polygon are among the many cryptocurrencies that failed to reap the benefits of the positive request sentiment.

Assiduity experts meanwhile, remain hopeful for the rest of the week to be profitable for crypto-investors under the glowing request situation.

At a time, the overall valuation of the crypto request has reached$3.007 trillion (roughly Rs. crore) as per Coin Gecko, an adding number of companies are espousing apron-crypto approach.

US- grounded company Patreon, for case, is assessing ways to allow patrons to award their favorite content generators using crypto- grounded “creator coins”.

After Meta, formerly Facebook and Twitter took measures supporting the metaverse and the non-fungible commemorative (NFT) space, Reddit is also likely to begin turning its “Air Points” into Ethereum- grounded ERC-20 crypto commemoratives.