Bitcoin continues to trade at over $ 60,000 while Shiba Inu’s value is up 15 percent


Bitcoin prices continue to trade above $ 60,000 (about 1/45/20050 rupees) for the 11th straight day, although not much has moved in the past 24 hours. The world’s most popular cryptocurrency opened trading Wednesday at Rs. 48.67,354 (approximately $ 64,882) but at Rs. 47.68,811 (approximately $ 63,666) at the time of publication. Investors appear to be consolidating around this level for now, although a breakout is imminent. Bitcoin hit $ 66,930 (roughly Rs 50,20,921) on October 20, an all-time high after the US debut of a futures-focused Bitcoin Exchange Traded Fund (ETF).

Bitcoin consolidation does not seem to be holding back the advancement of Ether. Gadgets 360’s cryptocurrency price tracker shows that the second most valuable cryptocurrency continues to see a small but steady increase. Ether is traded at Rs. 3.32,593 (about $ 4,440) and is 1.15 percent above the opening valuation for the day of Rs. 3.29,179 (about $ 4,394).

Elsewhere, Shiba Inu appears to be making great strides upward after a petition on garnered more than 325,000 signatures urging Robinhood to add Shiba Inu to the list. The Dogecoin rival has appreciated over 15 percent in value over the past 24 hours despite being snubbed by Elon Musk over the weekend.

Tether, Ripple and Polkadot continued positive vibes throughout the week, all starting the day with gains as Cardano readings fell again.

Despite the lack of immediate movement on the Bitcoin valuation front, the excitement over the crypto asset is palpable among key stakeholders. Jelena McWilliams, chairwoman of the Federal Deposit Insurance Corporation, announced that U.S. banking regulators are trying to provide banks with a roadmap for their customers to interact with crypto assets.

This “roadmap” means transparent rules for owning cryptocurrencies to facilitate customer trading, use them as collateral for loans, or even keep them on their balance sheets like traditional assets.

Meanwhile, Twitter made good on an announcement earlier in the year in which the social media giant unveiled two crypto-focused features on its platforms – a tab for NFT collections and the integration of Bitcoin Lightning for its Tip Jar feature.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended as financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for losses that may arise from an investment based on perceived recommendations, forecasts or other information contained in the article.


Please enter your comment!
Please enter your name here