Bitcoin's price continued its rise on national and international exchanges on Friday

The most valuable crypto asset rose by less than one percent to trade at $93400 (roughly Rs 797 lakh) on global platforms.

Bitcoin prices continued to rise on Friday, with the most-valuable crypto asset logging gains of less than one percent to trade at $93,400 (roughly Rs. 79.7 lakh) on global exchanges.

On Indian exchanges, Bitcoin was trading within the range of $93,086 (roughly Rs. 79.4 lakh) and $93,962 (roughly Rs. 80.2 lakh).

While BTC sustained its price above the $93,000 (roughly Rs. 79 lakh) mark for the 48th straight hour, most other cryptocurrency prices went down on Friday, as the market dealt with persisting volatility.

“Bitcoin started the day with some bullish heat and faced a minor pullback. Also, the altcoins faced some bearish heat but managed to sustain above the gains. This shows strength of the bulls, who are currently a little passive but may start a fresh rally soon,” the CoinDCX Research Team said.

Ether logged small losses (less than one percent) on national and international exchanges on Friday.

CoinMarketCap showed that ETH was trading at $1,766 (roughly Rs. 1.50 lakh) on global platforms. On Indian exchanges, the asset was priced at $1,773 (roughly Rs. 1.51 lakh).

“The cryptocurrency appears to be stabilising its recent gains and seems poised for another upward move. Ethereum has entered a consolidation phase over the same period, with the $1,800 (roughly Rs. 1.53 lakh) level acting as minor resistance in the coming days,” said Piyush Walke, Derivatives Research Analyst, Delta Exchange.

The crypto price tracker by Gadgets 360 indicated that the prices of several altcoins went down on Friday.

These include Tether, Ripple, Binance Coin, Dogecoin, and Tron.

Additionally, Stellar, Bitcoin Cash, and Polkadot also showed price dips alongside ETH on Friday.

“Sentiment remains cautiously optimistic. If liquidity conditions hold, select altcoins may outperform majors in the near term. Still, investors are advised to prioritise fundamentally sound projects and maintain disciplined risk management,” said Himanshu Maradiya, Founder and Chairman, CIFDAQ Group.

Cryptocurrencies that went up in price on Friday include Solana, Cardano, Leo, Shiba Inu, Litecoin, Monero, Cronos, and Cosmos among others.

The overall crypto market valuation went up by 0.92 percent over the last day, as per CoinMarketCap data. The sector's market cap now stood at $2.92 trillion (roughly Rs. 2,50,03,960 crore).

"The overall market sentiment is cautiously optimistic, with patterns of accumulation indicating a potential shift in trend. As Bitcoin attempts to stabilize, the crypto market may be setting itself up for another rally with renewed interest and strategic positioning," Avinash Shekhar, Co-Founder and CEO, Pi42, told Gadgets 360. Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.