The $23,000 goal for bitcoin Next While Ether and other cryptocurrencies advance significantly

The market capitalization of all cryptocurrencies increased by 3.52 percent over the past day.

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The global cryptocurrency market experienced a push higher through Monday, with Bitcoin reaching levels of $22,000 and beyond, led by lesser-known crypto assets, sometimes known as altcoins. With its price hovering around $21,800 (approximately Rs. 17.4 lakh) on international exchanges, Bitcoin has managed to increase by 2.82 percent in the previous day. On the Indian market CoinSwitch Kuber, Bitcoin is now worth $22,369 (about Rs. 17.9 lakh), up 2.82 percent. Bitcoin’s price is currently $21,792 (about Rs. 17.44 lakh) on major international exchanges including CoinMarketCap, Coinbase, and Binance, and according to CoinGecko data, it has increased 9.1 percent weekly.

The Ethereum Merge, which will make the blockchain almost carbon neutral, is reportedly set to take place on September 19; this has caused ether prices to rise even further. At the time of publication, the value of Ether was $1,562 (approximately Rs. 1.25 lakh) on CoinSwitch Kuber, while it was $1,510 (about Rs. 1.20 lakh) on international exchanges, where it had increased by about 7.8 percent in the previous day.

According to CoinGecko data, Ether’s advances over the last several days have seen its value increase by 38.4% when compared to last Tuesday.

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The worldwide crypto market capitalisation increased by 3.52 percent through Thursday and early Friday, which is reflected in Gadgets 360’s cryptocurrency price tracker. Nearly all of the better-known altcoins are experiencing a boom in value.

While TRON and Elrond managed slight losses amidst a sea of green values across the board, BNB, Solana, Polygon, Stellar, Avalanche, Cardano, and Chainlink all see themselves in the green.

Shiba Inu and Dogecoin Memecoins both made progress into early Tuesday. Shiba Inu is now at $0.000012 (about Rs. 0.000935), up by 3.77 percent over the previous day, while Dogecoin is currently valued at $0.06 (around Rs. 5.4), having increased in value by about 1.74 percent over the previous 24 hours.

While the recent rise has lifted Bitcoin’s position out of the “Extreme Fear” zone on the BTC Fear and Greed Index, the Reserve Bank of India (RBI) has stated that it favours a ban on the cryptocurrency industry, according to a statement by finance minister Nirmala Sitharaman.

The RBI is worried that the integration of cryptocurrencies into India’s current financial systems may have a destabilising impact on the country’s monetary and fiscal stability, Sitharaman said in a statement calling for worldwide support for crypto laws.