The crypto market has undoubtedly bounced to recovery after months of market turmoil and continuous losses. Bitcoin on Wednesday, August 17, maintained its value at $25,800 (roughly Rs. 25.80 lakh) despite a minor price slip of 0.34 percent as per Indian exchange CoinSwitch Kuber. The world’s first ever cryptocurrency that, to-date, reigns over the crypto kingdom, has also maintained a healthy price point on international exchanges. As per Binance and CoinMarketCap for instance, BTC is currently trading at $24,011 (roughly Rs. 19 lakh).
In a traditional market movement, majority altcoins followed the top two cryptocurrencies to witness gains.
While most cryptocurrencies have seen hikes, a handful of altcoins did see losses.
The global crypto market cap currently stands at $1.15 trillion (roughly Rs. 91,62,291 crore), with a 1.25 percent increase over the last day.