Bitcoin boom breaks: Ether prices surpass 36 3600

Impact on the declining crypto market after the dollar index rose

Bitcoin market cap drops to 900 900 billion: US Federal Reserve meeting

MUMBAI: The world market for cryptocurrencies today witnessed a rebound in bitcoin prices amid mixed weather. While the price of midcap ether continued to advance.

Meanwhile, there were indications that unemployment claims in the US increased from 3 lakh 12 thousand to 3 lakh 32 thousand. There was renewed concern about the job market as such claims rose and the dollar index went down after rising. The effect of this was visible on the crypto market.

Bitcoin prices were at a high of 48 48485 to 48 48486 today and a low of 3 47374 to 47375 from 4 47499 to 500 47500. Bitcoin traded at 1.01 billion today and the market cap, which had risen to over 900 900 billion, fell again today to 900 893 billion to 4 894 billion.

However, given the chart's move, the decline in bitcoin will be short-lived and the market is likely to rise again, market veterans said today. The market is now eyeing a meeting of the Federal Reserve in the United States next week.

Meanwhile, mid-cap ether prices were today at a low of 34 3422 to 23 3423 and a high of 7 3674 to 3675 from 70 3570 to 7 3571. Ether traded at 1.15 billion today, with the market cap rising to 18 418 billion to 41 419 billion.

Small cap XRP prices were 113 to 114 cents higher and 109 to 110 cents lower today. The XRP traded at 3. 3.75 billion today, with market cap falling from 2 112 billion to 3 113 billion to 9 109 billion to 110 110 billion.