Bitcoin Surges Beyond $52 333y20 000 for First Time Since 2021, Overall Crypto Chart Reflect Profits

The capital inflows into Bitcoin ETFs as well as the approaching Bitcoin halving event are among major factors that are contributing to this BTC rally. 60lb

Written by David Delima | Updated: 15 February 2024 11:35 IST

Bitcoin Surges Beyond $52,000 for First Time Since 2021, Overall Crypto Chart Reflect Profits

Photo Credit: Reuters 3v6d2p

The overall crypto market valuation stands at $1.95 trillion

Highlights

Tether, USD Coin prices dropped on Thursday
On the other hand, Polygon and Bitcoin Cash rose in value
Monero and Elrond owners also gained profits

ment

Ether, on the other hand, showed a gain of 5.75 percent. At the time of writing, Ether was trading at $2,792 (roughly Rs. 2.31 lakh). Over the last two days, the value of Ether has spiked by $150 (roughly Rs. 12,450).

“The crypto market continues to rise, with Bitcoin and Ethereum hitting their highest points of the year. This growth is fueled by increased investments in Bitcoin spot ETFs and positive sentiment about the halving event. Ethereum aims to break the $2,900 (roughly Rs. 2.4 lakh) barrier on its way to $3,300 (roughly Rs. 2.7 lakh). Altcoins have also started showing strength — tokens like STX and IMX have surged by over 25 percent in just a few days,” the CoinDCX market desk told Gadgets 360.

Chainlink ed BTC and ETH on the profit-making side of the crypto price chart.

CoinDCX Helps s of Defunct Exchange Koinex Recover Their Assets

Polkadot also ed profits.

Cryptocurrencies that saw their values fall on Thursday include Monero.

The overall crypto market cap spiked by 5.32 percent in the last 24 hours. The sector valuation, as for now, stands at $1.95 trillion (roughly Rs. 1,61,88,578 crore), as per CoinMarketCap.

Exploring Integration of Neurological AI with Technologies Like Web3, QX Lab AI Co-Founder Says

The crypto sector is garnering traction from both – the global investor community as well as the world leaders. Earlier this week, for instance, Indian Prime Minister Narendra Modi called out for global to tackle emerging technologies like artificial intelligence (AI) and cryptocurrency.

“One event investors should pay close attention to is the recent Genesis court approval to redeem its Grayscale Bitcoin Trust holdings valued at $1.3 billion (roughly Rs. 10,790 crore) and potential impacts on the cryptocurrency market,” Shivam Thakral, CEO of BuyUcoin told Gadgets360.

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Circuits of Value

Radhika Parashar

Email Radhika

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