After most cryptocurrencies opened with losses on September 1, the cryptocurrency market recovered. On Friday, September 2, Bitcoin began the day with a marginal 0.40 percent drop. According to Indian exchange CoinSwitch Kuber, the cryptocurrency was able to hold its $19,976 price (roughly Rs. 16 lakh). BTC suffered minor losses on international exchanges as well. For instance, according to Binance and CoinMarketCap, BTC is currently down about 0.40 percent and selling at $20,02 (or about Rs. 16 lakh).
Ether outperformed Bitcoin to start the day on the upswing. According to Gadgets 360's cryptocurrency price tracker, ETH is currently selling at $1,571 (approximately Rs. 1,25,100), up 1.29 percent from its previous price.
It is interesting to note that the Merge, an energy-efficient upgrade to the Ethereum blockchain, is also getting closer to being released in about mid-September. This is a key reason why ETH made individual gains rather than following its usual trail behind BTC.
Profits were made by Tether, Binance USD, Ripple, Cardano, Solana, Polkadot, and Polygon.
Alongside Uniswap and Litecoin, even Dogecoin and Shiba Inu made money.
Alongside BTC, cryptocurrencies including Tron, Avalanche, NEAR Protocol, and Bitcoin Cash saw losses.
According to CoinMarketCap, the overall crypto market cap increased by 1.16 percent on the previous day.
The cryptocurrency market is currently valued at $988.94 billion (roughly Rs. 78,77,100 crore).
