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Bitcoin and Ethereum Lead the Way with Positive Gains

By February 2, 2023February 6th, 20232 minute read

On WazirX, Bitcoin is currently trading at ₹19,80,003 as of 9:00 AM on 2 February 2023. The prices have seen a positive change of 1.31% in the last 24 hours, reflecting the bullish sentiment in the market. The Crypto market has received a boost globally following the Federal Reserve’s recent announcement of a 25 basis point rate hike, which has been widely anticipated. The largest Crypto by market capitalization, Bitcoin, has recorded a 3.7% gain over the past 24 hours and briefly touched the $24,100 mark yesterday after hovering around $23,000 in the past week.

Ethereum has performed even better, with a 3.08% increase in prices on WazirX in the last 24 hours, putting the current price at ₹1,39,793.00. On a global scale, Ether has seen a 5.7% rise since Tuesday. The market for ETH is expected to see some fluctuations as Ethereum developers prepare for the launch of a new Testnet for simulating ETH withdrawals.

In addition to BTC and ETH, several other Cryptos are also making waves on WazirX. Synthetix Network Token (SNX), Loopring (LRC), and Dusk Network (DUSK) were the top 3 gainers on WazirX, recording price changes of 18.04%, 13.78%, and 12.55%, respectively.

On the other hand, Quant (QNT), ApeCoin (APE), and Spell Token (SPELL) were the underperformers on WazirX, with negative price changes of 3.51%, 3.24%, and 2.63%, respectively.

Overall, the Crypto market is showing signs of growth, with many coins posting significant gains. Investors and traders alike are keeping a close eye on the latest developments, and it will be interesting to see how these trends continue in the coming days and weeks.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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