Bitcoin prices rebounded from 60 60,000 to 3 3,000

The ups and downs of the cryptocurrency market remain the same

Market cap rises to 40 1140 billion Trading in 60 1160 billion ETFs

MUMBAI: Bitcoin prices rebounded in the cryptocurrency market today. Bitcoin appeared to be declining amid signs of rising inflation.

Bitcoin prices fell below હજાર 60,000 at one point today, hitting a low of 6 59,673 to 67 59,674, then rose again to a high of 62 62,306 to 30 62,307 and 6 61362 to 13 61363. The market cap of Bitcoin, which fell to 11 1140 billion due to rising prices, rose again to 11 1160 billion today while the trading volume today stood at 1.5 1.55 billion.

The global dollar index was also boosted by the recovery of second home sales figures after falling unemployment claims in the US and its impact on the cryptocurrency market. Meanwhile, in midcap crypto, the price of ether today fell from 38 3890 to 9 3891, after which the price rose from 5 4054 to 5 4055 to 33 4033 to 3 4034.

Ether traded at 1. 1.07 billion and the market cap, which was hovering below 47 470 billion, rose to 3 473 billion from 3 473 billion today. In small cap crypto today, XRP prices were 108 cents lower and 113 to 114 cents higher at 109 to 110 cents. The XRP traded at 3. 3.77 billion today with a market cap of 10 109 billion to 110 110 billion.

After hitting a high of 64 64895 in April, the price of Bitcoin dropped below 30 30,000 in July and is now rebounding. Bitcoin-based ETFs have started trading in the US market, with market buyers gaining momentum, market insiders said.