Bitcoin Price Crosses $96 473m2c 000 for the First Time Since March, Ongoing Rally Boosts Altcoin Prices

Bitcoin's (BTC) price rose by 4 percent over the last 24 hours. 40425m

Written by David Delima | Updated: 2 May 2025 12:18 IST

Bitcoin Price Crosses $96,000 for the First Time Since March, Ongoing Rally Boosts Altcoin Prices

Photo Credit: Pexels/ David McBee 45617

The crypto sector valuation stands at $3.02 trillion

Highlights

Shiba Inu, Polkadot prices rose on Friday
Both Monero and Uniswap were down
Bitcoin prices rose by 2 percent in India

ment

Bitcoin showed signs of a significant price recovery on Friday, and the world's oldest cryptocurrency continues to rise towards $100,000. On Friday, Bitcoin's price rose by nearly four percent over the last 24 hours to hit $96,845 (roughly Rs. 81.2 lakh) on international exchanges. On Indian crypto exchanges, Bitcoin price rose by around two percent to trade at $96,820 (roughly Rs. 81.2 lakh). Ether reflected slightly bigger gains than Bitcoin on Friday. The asset is presently trading at $1,836 (roughly Rs. 1.53 lakh), having clocked a gain of over four percent on international exchanges. The second most valuable crypto asset after BTC, ETH is retailing at $1,857 (roughly Rs. 1.55 lakh) on Indian exchanges.

"Bitcoin has decisively broken past the $96,000 (roughly Rs. 80.5 lakh) barrier. With a contracting economy, the probability of a Fed rate cut at the June FOMC meeting has risen from 57 percent to 60 percent, further fuelling investor optimism. All eyes are now on the jobs report due today, which could influence short-term market sentiment," Edul Patel, Co-founder and CEO of Mudrex told Gadgets 360. "Ethereum is also sustaining levels above $1,800 (roughly Rs. 1.50 lakh), further ing the prevailing positive sentiment of the overall market," said Himanshu Maradiya, Founder, CIFDAQ.

The crypto price tracker by Gadgets 360 showed prices of most altcoins were up on Friday.

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These include Avalanche.

Cosmos were also up on Friday.

"The entire market displays stability as the tokens within the top 10 are trading above the gains," the CoinDCX research team told Gadgets 360.

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The overall crypto market cap also breached the $3 trillion (roughly Rs. 2,51,89,755 crore) mark for the first time in over a month. Presently, the sector valuation stands at $3.02 trillion (roughly Rs. 2,53,56,780 crore) having grown by nearly two percent, shows CoinMarketCap.

Meanwhile, Braintrust were down on Friday. "Interestingly, the popular memecoins like Pudgy Penguins (PENGU), Bonk (BONK), OFFICIAL TRUMP (TRUMP), and Fartcoin (FARTCOIN) face some loss," the CoinDCX team added.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Zcash

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More