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Bitcoin Recovers From Blip As $58,000 Ether In Trade, Polkadot Makes Big Profits

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Bitcoin’s rally to a new all-time high may have seen a slight blip on October 12, but the world’s most popular cryptocurrency is back on track, gaining nearly 3% since Wednesday, October 13, to nearly $58,000 (approx. 43.7) is trading at Rs. lac) mark Thursday morning. While bitcoin valuations on Indian exchanges like Coinswitch Kuber opened higher at Rs. 44,78,507 (approx $59,470), the trajectory is clear and moving beyond the $60,000 (approx Rs 45.2 lakh) mark clearly in the crosshairs.

But it was not a good day for bitcoin traders alone. Gadgets 360’s cryptocurrency price tracker shows that most of the popular altcoins were also having a good day. Ether prices saw a significant increase at a valuation of 3.86 percent, marking the first time a significant increase in an entire week. The Ethereum blockchain-based cryptocurrency also started well on Thursday morning, with gains of 2.85 percent already to show. At the time of writing, the value of the crypto-asset is currently Rs. 2,84,798 (about $3,782).

While most other altcoins had gains to show as well, Polkadot, Stellar and Chainlink were the biggest gainers on the day, all gaining over 5%. In fact, Polkadot, prior to the Parachain auction process, where slots were allocated to projects to build on the Polkadot cryptocurrency network, saw a gain of 17.28 percent.

In other crypto-related news, Bollywood star Salman Khan took to Twitter to announce the launch of his own NFT collection, which will be available on Bollycoin – a new, dedicated, Bollywood-themed launch by Bollywood actor, producer and director Atul. NFT platform. Agnihotri. The actor joins Amitabh Bachchan, who was a fan of NFTs.

In terms of statistics, there have been even more positive developments for crypto-enthusiasts in the country. According to the annual spread index put together by broker discovery and comparison platform BrokerChoice, India has the highest number of cryptocurrency owners globally in terms of individual number of holders. The United States and Russia were ranked second and third, respectively.


Interested in cryptocurrency? We discuss all things Orbital with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.

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