Crypto Price Today: Bitcoin tops $24,000; Ethereum, Polkadot rally up to 12%

economictimes.indiatimes.com:

There is growing confidence that if the next inflation print on September 13 confirms the softening pricing pressure trend, the US central bank may consider a smaller pace of tightening, analysts said. Bitcoin, the largest cryptocurrency by market capitalisation, climbed 6.06 per cent to $24,260 in the last 24 hours, taking its seven-day gains to 4.86 per cent.Ethereum soared 11.88 per cent to $1874.50. This crypto has jumped 13.5 per cent in the last seven sessions. BNB rose 4.88 per cent to $330.69. Cardano and XRP added 6.6 per cent and 5 per cent, respectively. Polkadot rallied 10.32 per cent to $9.49. Solana advanced 8.69 per cent to $42.76.

Did you Know?

Crypto hedge fund Three Arrows, which managed an estimated $10 billion of assets as recently as March 2022, has filed Chapter 15 bankruptcy in New York, USA while a liquidation is being carried out in the British Virgin Islands

The global cryptocurrency market cap was trading higher at the $1.15 trillion mark, rising as much as 6.49 per cent in the last 24 hours. The total trading volume climbed almost 29 per cent, close to $87.71 billion.What's cooking in IndiaOver seven per cent of India's population owns digital currency, according to the UN, which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic, PTI reported. The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies.Global updates Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033 billion to $803