Cryptocurrency charts mainly reflect losses on Friday, April 19. For instance, Bitcoin is trading down 0.23% at $61,815 (roughly Rs. 5.16 crore). This is the trading price of Bitcoin in India according to Gadgets360’s Crypto Price Tracker. On international exchanges like Binance, Bitcoin is trading at $62,160.14 (roughly Rs. 5.19 crore). Bitcoin has been in the shadow of volatility for most of this week, with the fourth halving event expected to occur between April 19 and April 21.
“Over the past few hours, $34.03 million worth of Bitcoin long positions have been liquidated but overall sentiment remains bullish as on-chain indicators show that $1.7 billion worth of BTC has accumulated over the past few days. This is only a temporary support,” BuyUcoin CEO Shivam Thakral told Gadgets360.
Ether fell 0.45% on Friday. With this, the trading value of the asset on Gadgets360 reached $2,999 (roughly Rs. 2.5 lakh), according to Cryptocurrency Price Tracker. On Binance, ETH is trading at $3,075.52 (roughly Rs. 2.56 lakh).
As of Friday, most cryptocurrencies were in the red.
Solana, Cardano, Ripple, Shiba Inu, Avalanche, Creation and Polka Dot – all recorded losses on Friday.
Polygon, Litecoin and Swap also stuck on the losing side of the cryptocurrency chart.
It shows that amid the continued volatility in the cryptocurrency market, the entire industry is worth $2.26 trillion (roughly Rs. 18,878,119 crore) with a currency market cap.
“Geopolitical unrest such as the Isfahan airport explosion has increased stress, while at the same time, Ethereum-based altcoins provide opportunities for growth and innovation in the cryptocurrency space, particularly in games and Web 3 applications.” WazirX Vice President Rajagopal Menon told Gadgets360.
Closer to the deal, Tether, swaps and Chain Link came in with modest gains despite continued volatility.
“Irrevocable recommendations increase utility,” Menon noted.
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