The crypto market was largely in the red on Monday, October 7, with most cryptocurrencies facing losses. Bitcoin saw minor declines of less than 1% on both international and domestic exchanges. As per CoinMarketCap data, BTC was trading at $63,625 (roughly Rs. 53.4 lakh) on global platforms. On Indian exchanges like CoinSwitch and CoinDCX, however, it was priced higher at around $65,430 (roughly Rs. 54.9 lakh).
Q4 is usually bullish for Bitcoin because of favorable regulatory developments and higher spot ETF demand. As trading volumes increase and investor enthusiasm builds, the outlook for Bitcoin and the broader crypto market remains bright.”
Ether reflected a price dip of around 0.30 percent on Monday. The value of ETH stands at $2,487 (roughly Rs. 2.08 lakh) on international exchanges, whereas on national exchanges ETH is trading at $2,086 (roughly Rs. 1.75 lakh), showed the crypto price tracker.