{"id":362696,"date":"2023-10-20T09:19:31","date_gmt":"2023-10-20T04:19:31","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=362696"},"modified":"2023-10-20T09:19:31","modified_gmt":"2023-10-20T04:19:31","slug":"bitcoin-rises-to-28443-despite-reds-dominate-price-charts","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/bitcoin-rises-to-28443-despite-reds-dominate-price-charts\/","title":{"rendered":"Bitcoin rises to $28,443 despite reds dominate price charts"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe cryptocurrency market remained on a downward slide on Thursday, with the market capitalization losing 0.8 percent to decline to $1.12 trillion.<br \/>\nAs of 1050 hours GMT, Bitcoin (BTC), the world\u2019s oldest and most valued cryptocurrency, managed to remain above the $28,000 mark despite reds dominating the price charts. Bitcoin inched up by 0.3 percent in the last 24 hours to reach $28,443. The market capitalization of the biggest crypto has reached $555.2 billion with this increase. Bitcoin has been 6.5 percent up in the past seven days.<br \/>\nBitcoin has been holding the fort above $28,000 even as it has registered gains due to fake news of ETF acceptance followed by a price correction. Even though nearly $100 million was liquidated within hours, investors seem to be noticing the steadiness in BTC price after its correction.<br \/>\nHowever, reports suggest that the actual BTC ETF approval could boost the crypto market potentially bumping up the global crypto market cap by $1 trillion. The Bitcoin ETF race garners attention for its potential to offer a regulated means to access Bitcoin price movements. Recent false reports of the SEC approving BlackRock\u2019s BTC ETF application briefly sent Bitcoin above $30,000 before falling 8 percent upon clarification.<br \/>\nEther (ETH), the world\u2019s second-largest cryptocurrency by market capitalization, shed 1.9 percent to reach $1,551. With this decrease in price, the market capitalization of ETH has reached $186.4 billion. ETH has been 0.2 percent up in the past seven days.<br \/>\nSimilarly, Binance Coin (BNB) price decreased by 1.2 percent to reach $211. The market capitalization of BNB has reached $32.4 billion with this decrease. BNB has gained 3.3 percent of its value during the last seven days.<br \/>\nSimilarly, the price of Ripple (XRP) went down by 1.5 percent to reach $0.482. The market capitalization of XRP stands at $25.7 billion with this decrease. XRP has gained 1 percent of its value during the last seven days.<br \/>\nOn the other hand, Solana (SOL) price decreased by 0.1 percent to reach $23.95. With this decrease in price, its market capitalization has reached $10 billion. SOL has gained 12.1 percent of its value during the last seven days.<br \/>\nOther popular altcoins including Dogecoin (DOGE), Cardano (ADA) and Litecoin (LTC) landed in the red across the board. The Bitcoin SV (BSV) token became the biggest gainer of the lot, with a 24-hour gain of over 5 percent. Conflux (CFX), on the other hand, became the biggest loser, with a 24-hour dip of over 7 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The cryptocurrency market remained on a downward slide on Thursday, with the market capitalization losing 0.8 percent to decline to $1.12 trillion. As of 1050 hours GMT, Bitcoin (BTC), the world\u2019s oldest and most valued cryptocurrency, managed to remain above the $28,000 mark despite reds dominating the price charts. Bitcoin inched up by 0.3 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-362696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin rises to $28,443 despite reds dominate price charts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/bitcoin-rises-to-28443-despite-reds-dominate-price-charts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin rises to $28,443 despite reds dominate price charts\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The cryptocurrency market remained on a downward slide on Thursday, with the market capitalization losing 0.8 percent to decline to $1.12 trillion. As of 1050 hours GMT, Bitcoin (BTC), the world\u2019s oldest and most valued cryptocurrency, managed to remain above the $28,000 mark despite reds dominating the price charts. Bitcoin inched up by 0.3 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/bitcoin-rises-to-28443-despite-reds-dominate-price-charts\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-20T04:19:31+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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