Crypto Price Today: Bitcoin, Ether Continue to Be Hit With Losses as Overall Market Remains Volatile
The entire crypto market is trying to weather the volatility ahead of the US interest rate cut decision scheduled for September 18th. On Wednesday, September 11, Bitcoin fell by 0.42% and 1.20% on international and domestic exchanges, respectively. At the time of writing, Bitcoin was trading at $59,315 (approximately Rs. 4.98 million) on Indian exchanges such as CoinSwitch and CoinDCX. Meanwhile, BTC was traded at $56,490 (approximately Rs. 4.74 million) on global exchanges, according to data from CoinMarketCap.
Bitcoin rises by around $57,000 (approximately Rs. 4.78 million) while Bitcoin ETFs reach a total value of $1 billion (approximately Rs. 8,396 million) in 9 days. Vikram Subraj, CEO of Geotas, told Gadgets 360. He said: The 30-day average investment rate for futures has also turned negative.
Meanwhile, Ether fell less than 1% not only on domestic exchanges but also on international exchanges. According to crypto price tracker Gadgets360, ETH price on Indian exchanges is currently $2,453 (approximately Rs 2,050 crore). On foreign exchanges, Ethereum costs $2,327 (approximately Rs. 1,950,000).
The US CPI data is scheduled to be released at 6:00 PM IST and inflation is expected to be lower than expected, the greed index was at 37 but a significant improvement from the past, stronger sentiment for the week overall, today is It’s an exciting day, and the stage is set for price movements in the coming weeks that could influence market movement.
Binance Coin, Solana, Dollar Coin, Ripple, Dogecoin and Cardano suffered losses on Wednesday, as did Bitcoin and Ethereum.
Among other altcoins, Shiba Inu, Polkadot, Near Protocol, Stellar, and Cronos also recorded price drops on the cryptocurrency charts.
The total value of the digital currency market has decreased by 0.51% in the last 24 hours. However, according to CoinMarketCap, with one day left, the sector’s market cap stands at $1.99 trillion (approximately Rs. 16,704,188 billion).
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.