For cryptocurrencies that are having trouble finding market stability, September has clearly been difficult. On Tuesday, September 6, Bitcoin began the day down 0.75 percent. According to Indian exchange CoinSwitch Kuber, the price of one bitcoin is currently $19,748. However, on the global market Coinbase, BTC values increased by 0.96 percent to reach the $20,132 mark. In November of last year, BTC reached its most recent record high, which was over $67,000 (approximately Rs. 49.5 lakh).
On the other hand, Ether keeps making progress every day. According to Gadgets 360's cryptocurrency price tracker, ETH is currently selling at $1,634 (approximately Rs. 1.30 lakh), up 3.73 percent from its previous price. This ongoing ETH price increase coincides with the launch of the Merge. The Merge, an energy-saving improvement to the Ethereum blockchain, is scheduled to debut in mid-September.
A number of altcoins followed BTC into losses on the price chart, while the remainder followed ETH into gains.
Tether, USD Coin, and Binance USD stablecoins joined BTC and suffered losses.
Along with others, they were joined by Polkadot, Dogecoin, Shiba Inus, Avalanches, and Tron.
In the meantime, ETH was followed by Binance Coin, Ripple, Solana, Polygon, Uniswap, and Chainlink in seeing rises.
The crypto market valuation has dropped and remained below the trillion-dollar threshold since the beginning of September due to the ongoing market instability.
According to CoinMarketCap, the market capitalization of all cryptocurrencies is $988.03 billion, up 0.62 percent from the previous day (approximately Rs. 78,85,463 crore).
While investors continue to place bids on the cryptocurrency market, a number of con artists are flocking the sector in an effort to prey on naive victims.
The spyware known as Mister Phone Cleaner and Kylhavy Mobile Security, which is making the rounds on Google Play disguised as apps, poses a threat to banking and cryptocurrency-related apps. People should take additional care when installing comparable programmes on their devices because the malware is capable of collecting cookies from accounts and while circumventing authentication techniques that require user input, such as fingerprints.
