However, over the last 24 hours, Bitcoin experienced a slight decline, with its latest trading price showing a 0.3% decline to $66,190 as of 10:58 am IST. It also touched an intraday low of $64,580.
«Bitcoin slipped to $65,000 level amid a stronger US dollar which might be due to the Swiss central bank cutting interest rate by 25 basis points,» said Edul Patel, CEO of Mudrex.
Meanwhile, Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said, «Despite recent profit-taking, Bitcoin's rebound signals continued bullish sentiment. With the expectation of three rate cuts and favorable macroeconomic conditions, Bitcoin may regain a record high of $73,000.»
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Other popular altcoins such as BNB (5.5%), XRP (5.8%), Cardano (1.5%), Avalanche (3%), Dogecoin (5%), Shiba Inu (4.1%), and Toncoin (3.2%) surged. On the other hand, Solana fell 4%. Meanwhile, the global cryptocurrency market cap increased 0.3% to around $2.52 trillion in the last 24 hours.
The total volume in DeFi is currently $10.56 billion, 9.25% of the total crypto market 24-hour