The cryptocurrency market entered September with more reds than greens on the first day after a wild trip in the markets in August. On September 1, Bitcoin entered the market environment with a negligible price decline of 0.24 percent. According to the Indian exchange CoinSwitch Kuber, the price of BTC is currently $20,000 (roughly Rs. 16 lakh). Bitcoin had minor losses on international markets as well. For instance, on CoinMarketCap and Binance, BTC fell 0.61 percent to trade at roughly the same level of $20,000 on the price ladder.
Ether had bigger losses than BTC before September began. According to Gadgets 360's cryptocurrency price tracker, ETH fell by 2.54 percent to trade at $1,542 (approximately Rs. 1.20 lakh).
The majority of altcoins experienced losses, including Tether, Binance Coin, Binance USD, Ripple, Cardano, and Solana.
Shiba Inu and Dogecoin, two memecoins, also failed to make any gains.
The worldwide crypto market cap decreased by 0.88 percent over the last day, according to CoinMarketCap.
The market value of the cryptocurrency sector is at $983.35 billion (roughly Rs. 78,22,400 crore).
In the midst of the market's turbulence, Polygon and Stellar stood out as alternative currencies that achieved modest but meaningful gains.
In fact, on the otherwise red-dominated pricing charts, UNUS SED LEO, NEAR Protocol, Terra, and Doge Killer also contributed with greens.
