Bitcoin Logs Week’s First Profit While Altcoins Face Losses: Today’s Crypto Price Update

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Bitcoin had its first gain of the week on Thursday, September 28. Its trade price increased somewhat by 0.43% to $26,355 (about 21.9 lakh rupees). Bitcoin’s price increased by $175 (or 14,557 rupees) over the previous day. Industry insiders predict that the market will soon demand that BTC be sold for $30,000 (about 24.9 lakh rupees). However, experts advise maintaining a support level of $26,000 (about 21.6 lakh rupees) for the sake of short-term bullishness till that time.

Ethereum made money on Thursday by 0.73%. Ethereum was selling at a price of $1,604 at the time of writing (1.33 lakh rupees). Following the introduction of Bitcoin’s derivatives, Ethereum’s price increased by $13 (1,081 rupees approximately) from the previous day.

Solana, Bitcoin Cash, Chainlink, Stellar, Monero, Binance USD, and Bitcoin SV are some of the additional cryptocurrencies that have joined the rising trend alongside BTC and ETH today.

Today’s winners included the less well-known cryptocurrency NEO, IOTA, Ardor, and Gas.

The price of the well-known coin Terra Luna or Luna2 (+20.50%) is rising quickly. This price movement is a result of the Luna community passing a proposal that separates them from the recent collapse of the USDT stablecoin, which was regarded as a stable coin for Terra Luna’s environment. Additionally, as its big cryptocurrency event, SmartCon, approaches, the price of the Chainlink token has surged by about 30% during the last 15 days. Additional events will begin on September 30th, and SmartCon is scheduled to take place on October 2nd and 3rd in Barcelona, Spain, according to Shubham Huda, Senior Manager at CoinSwitch Markets Desk, who spoke to Gadgets 360.

While prices have stayed largely steady over the past day, the overall market capitalization of all cryptocurrencies has increased by 0.55%. According to CoinMarketCap’s most recent estimate, the value of the cryptocurrency market is $1.05 trillion, or around 87.34 lakh crores of Indian rupees.

 Avalanche, Cosmos, Uniswap, Shiba Inu, Polygon, Litecoin, Polkadot, and Polygon have all fallen in the cryptocurrency price charts’ losing column.