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Bitcoin Price Sees a Hike After Days of Slump; Ethereum, Cardano Values Also Up

Bitcoin’s Biggest Backer MicroStrategy Further Boosts Its Holdings by BTC 5,050
Bitcoin, Ethereum, Dogecoin and Cardano prices have gone up after a week-long low
The price of Bitcoin experiences a surge after days of decline; Ethereum and Cardano values also rise

Cryptocurrency prices saw an overall gain as the day opened.
Highlights
  • Bitcoin, Ethereum, Dogecoin all began the day with a spike
  • Tether and USD Coin have witnessed dips
  • Mudrex CEO predicted that the next 24 hours will be crucial
Bitcoin finally witnessed a hike in exchange values after almost a week of witnessing slumps. On Thursday, September 23, Bitcoin price rose by 4.41 percent and the cryptocurrency began trading in India at Rs. 34,88,719, or roughly $47,237.26. This is the first time since last week that Bitcoin prices saw a rise. 


Analysts had suspected that recent disruptions in China's real estate market owing to a $300 billion (roughly Rs. 22,15,657 crores) debt issue from a Chinese developer. Along with Bitcoin, the day has begun on a positive note for other cryptocurrencies including Ethereum and Cardano, among others.

Ethereum, world's second most valued cryptocurrency, witnessed a whopping 8.65 percent hike in exchange rates. It is currently trading at Rs. 2,47,030.28 (roughly $3,344.79). Other cryptocurrencies such as Cardano, Ripple, Polkadot as well as the meme-based Dogecoin witnessed spike in exchange rates.

“The past 24 hours were relatively better for the cryptocurrency market compared to the performance through the rest of the week. With this minor recovery, the global crypto market cap managed to rise more than 3.2 percent. The coming 24 hours might be crucial for the crypto markets as there would be a constant tussle between the bulls and the bears,” Edul Patel, CEO and co-founder of crypto investment platform Mudrex told Gadgets 360.

For now, cryptocurrencies Tether and USD Coin have witnessed marginal dips
Source -Bitcoin Price Sees a Hike After Days of Slump; Ethereum, Cardano Values Also Up
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