As we look back on Bitcoin s performance in FY24 and look ahead FY25, the optimism surrounding this digital asset remains high, Sumit Gupta, co-founder, CoinDCX, told Livemint.
At 10.55 a.m., Bitcoin was trading 1.13% lower at $69,609, while Ethereum was down 2.4% at $3,513. At the same time, other altcoins such as Solana, XRP, Cardano, Shiba Inu and Avalanche, fell 2-4%. On the other hand, BNB (1.5%), Dogecoin (7.2%), and Bitcoin Cash (8.4%) surged.
Bitcoin rose 5.35 per cent to $70,850-level, as per data suggested by Coinmarket cap. The market capitalization of the oldest crypto current stood at $1.39 trillion mark.
Bitcoin surged past the $70,000 mark on Tuesday in early trade, surpassing the level for the first time in 10 days and gaining nearly 5% over the past 24 hours. Ethereum was up 4.8% during the same period, while tokens for major layer-1 blockchains Solana and Avalanche jumped nearly 4%.
Bitcoin jumped to an intraday peak of $72,850 in the last 24 hours. The token was last 5% higher at $71,986 at 11:26 am IST. Other major crypto tokens also surged with Ethereum rising 4.7%, Solana up 9.2%, XRP 14.7%, among others