Bitcoin saw a modest rise on Monday, gaining 1.5% in the past 24 hours. Despite the uptick, the world’s largest cryptocurrency remains largely rangebound, fluctuating between $60,000 and $70,000 since mid-March.
Market sentiment has been buoyed by optimism over potential interest rate cuts by major central banks this week. The dollar’s recent weakness has also contributed to Bitcoin’s steady climb.
Expectations for a rate cut by the Federal Reserve in September increased after Friday’s data indicated some cooling in inflation. However, the central bank is widely anticipated to keep rates steady at its meeting next week.
As of 10:00 AM, 4th June 2024, on WazirX, Bitcoin’s current price is ₹57,58,177. Its price has increased by 2.82% in the last 24 hours.
Ethereum (ETH) is trading at ₹3,19,643, up by 1.54% in the last 24 hours.
The top gainers on WazirX include BurgerCities(BURGER), Oasis(ROSE), and Kaspa(KAS), with price increases of 27.9%, 15.81%, and 12.81%, respectively.
However, the tokens that underperformed comprised Standard Tokenization Protocol(STPT), Celer Network (CELR), and Alchemy Pay (ACH), with a price decrease of 16.79%, 10.20%, and 9%, respectively.
Shiba Inu (SHIB) saw a price decrease of 0.10% and is now priced at ₹0.00205. Dogecoin (DOGE) saw an increase of 1.46% and is now priced at ₹13.49.
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.
