Cryptocurrency Prices on September 25: Bitcoin rises above $63,800; Solana, Cardano surge up to 3%
Bitcoin, Solana, and Cardano leading the rise. The global cryptocurrency market cap edged up by 0.45% to $2.24 trillion over the last 24 hours.
As of 12:27 PM IST, Bitcoin was trading 0.4% higher at Rs 63,824, while Ethereum dipped 0.9% to Rs 2,624. Earlier today, Bitcoin briefly touched Rs 64,800.
«Bitcoin has shown remarkable resilience and growth, surging nearly 2% in the last 24 hours to reach approximately $64,300, a level not seen since early August. The global shift towards monetary easing, especially with China joining other major economies in loosening policies to counter economic slowdown, is largely responsible for this upward momentum,» said Shivam Thakral, CEO of BuyUcoin.
«This significant break above $64,000 may create a more bullish market structure for Bitcoin, improving investor confidence and possibly drawing in new institutional investors,» Thakral added.
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View Details»Avinash Shekhar, Co-Founder & CEO of Pi42, noted that «China's announcement of rate cuts is fueling bullish momentum in the crypto market.»
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