The last 24 hours have brought price drops in most cryptocurrencies as the cryptocurrency market has taken what experts are calling a “bearish turn.” Bitcoin recorded a loss of 1.24% on Tuesday, April 2. With this, the value of the asset dropped to $66,102 (around Rs. 55.1 lakh). Market analysts had termed $67,000 (around Rs. 55.8 lakh) as the crucial price point for BTC, beyond which the asset was expected to rise easily, but now that BTC has fallen below this value , analysts fear that BTC could fall further lower.

“In the last 24 hours, the market has taken a bearish turn. Bitcoin is currently trading below the 20 EMA D, indicating bearish sentiment. In the coming days the focus will be on BTC ETF inflows and US macroeconomic announcements,” the CoinDCX Research team told Gadgets360 commenting on the market situation.

Ether Tuesday reflected a price decline of 3.71%. Its current trading value stands at $3,270 (approximately Rs. 2.72 lakh). In the last 24 hours, the value of ETH has reduced by $125 (around Rs. 10,420).

“ETH, after hitting a recent high of $4,093 (around Rs. 3.41 lakh), witnessed a sharp correction and prices fell by nearly 25%. Traders remain immersed in speculation regarding the potential approval of a spot Ether ETF in May,” the ZebPay trade desk told Gadgets360.

Most cryptocurrencies are trading at a loss on Tuesday along with BTC and ETH. These include Binance coin, Solana, Ripple, Dogemoneta, Cardano, AvalancheAND Shiba Inu.

Other losing altcoins, as of Tuesday, include Polka dot, Tron, Chain shirt, Polygon, Litecoin, UniswapAND Close to the protocol.

“The top 20 cryptocurrencies by market capitalization are currently trading in the red. As a result of the market performance over the last 24 hours, the cryptocurrency market has observed total liquidations of over $490 million (around Rs. 4,084 crore), including $134.74 million of BTC (around Rs. 1,123 crore) “the CoinSwitch Markets Desk told Gadget360.

The overall cryptocurrency market valuation has fallen by 5.92% in the last 24 hours. The current cryptocurrency market capitalization stands at $2.52 trillion (approximately Rs. 2,10,07,274 crore), according to CoinMarketCap.

Stablecoins like it Bind AND Currency in USD joined altcoins as Bitcoin Cash, Leo, MoneroAND Iota managed to post smaller gains on Tuesday.

Cryptocurrency is an unregulated digital currency, it is not legal tender and is 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 kind offered or endorsed by NDTV. NDTV will not be liable for any losses resulting from investments based on recommendations, forecasts or any other information contained in the article.

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Addressing students of the Indian Institute of Technology (IIT), Delhi, Gates, encouraged them to harness technology for social good

Gates encouraged them to consider not only their career in terms of financial impact, but also how it relates to achieving social equality (Photo: Bloomberg)Press Trust of India New Delhi

The need for innovation to address different challenges is greater than ever, Microsoft co-founder and philanthropist Bill Gates said on Thursday, saying artificial intelligence (AI) is the most transformative technology he has ever seen.

Addressing students of the Indian Institute of Technology (IIT), Delhi, Gates, encouraged them to harness technology for social good.

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“I’m looking at India in a much broader way. I’m fortunate, through the foundation’s work, to look at innovators who can help with all kinds of problems, starting from health, but also from agriculture, from gender and climate. We need great Indian innovation,” Gates said during his keynote address on “Innovation for Public Good.”

“The need for innovation to address many different challenges is greater than ever. You are all lucky to be here and have received an incredible education. The complexity of how we take technology and shape it will give you the opportunity to play an important role there,” he said.

Gates encouraged them to consider not only their careers in terms of financial impact, but also how this relates to achieving social equality.

“Not only should you consider your career in terms of financial impact – although this is important – but also whatever role you play, consider how this relates to achieving social equality. Technology should be harnessed for social good,” he has declared.

Noting that artificial intelligence is the most transformative technology he has seen in his lifetime, Gates said: “If I were a student today, the mysteries of artificial intelligence would appeal to me. It’s a little strange that even systems that work like this well, we don’t really understand them, I would definitely be attracted to them.”

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Bitcoin is pumping, folks! The asset, for the first time since November 2021, crossed the $61,000 mark (around Rs. 51 lakh). On Thursday, February 29, Bitcoin posted a profit of 8.32%, taking its price to $61,746 (around Rs. 51.4 lakh). In the last 24 hours, the value of Bitcoin increased by $3,754 (around Rs. 3.11 lakh). According to market analysts, this surge is attributed to ten spot Bitcoin ETFs in the US registering a new daily record surpassing trading volume of $7.7 billion (around Rs. 63,833 crore) triggered by retail investors who have jumped into the cryptocurrency rally.

“BlackRock’s Bitcoin ETF traded for $3.3 billion (about Rs. 27,357 crore) on Wednesday, double its previous volume record. Year-to-date, Bitcoin is up more than 50%. If this momentum continues, it is likely that Bitcoin will soon surpass its previous all-time high,” Edul Patel, CEO of Mudrex, told Gadgets360.

Ether posted a profit of 5.42% when it entered the trading floor on Thursday. The current trading value of ETH stands at $3,424 (approximately Rs. 2.83 lakh). Over the past day, ETH price increased by $176 (around Rs. 14,590).

“Ethereum has crossed $3,400 (around Rs. 2.81 lakh), which is yet to have a Bitcoin-like rally and is expected to hold these levels firmly till the halving. ETH spot ETFs could take the second largest cryptocurrency to new all-time highs (ATH),” Manhar Garegrat, Country Head, India & Global Partnerships at Liminal Custody Solutions, told Gadgets360.

Numerous altcoins have joined BTC and ETH in their rallies. These include Binance coin, Solana, Cardano, Dogemoneta, Avalanche, Chain shirtAND Polka dot.

Other cryptocurrencies trading in gains on Thursday include Bitcoin wrapped, Shiba Inu, Bitcoin Cash, LitecoinAND Cosmos.

The overall cryptocurrency market capitalization increased by 6.90% in the last 24 hours. The current valuation of the cryptocurrency market stands at $2.3 trillion (approximately Rs. 1,90,67,264 crore) according to CoinMarketCap. In light of BTC’s ongoing rally, Bitcoin’s dominance of the cryptocurrency market stands at 53%.

“All Indian investors who had previously invested in Bitcoin are now in a profitable position with market sentiment slowly shifting towards the ‘extreme greed’ category. A glimpse of what could happen if I get too late was visible yesterday After BTC reached $64,000 (around Rs. 53 lakh), there was a sudden drop due to sudden profit booking and BTC price fell below $59,000 (around Rs. 48, 9 lakh) in a matter of minutes, causing nearly $200 million (around Rs. 1,658 crore) worth of settlements in just an hour. At the same time, Coinbase, the world’s largest fiat-based exchange, also collapsed for a while,” the CoinSwitch Markets Desk pointed out.

Despite the otherwise bullish market sentiment, some cryptocurrencies posted losses on Thursday. These include Bind, Ripple, Tron, Polygon, Uniswap, Close to the protocolAND Leo.

“It is worth noting that Bitcoin never surpassed all-time highs during the halving. The all-time high of $69,000 (around Rs. 57.2 lakh) would act as major resistance. However, in yesterday’s cryptocurrency market cycle, we also saw a glimpse of what altcoins can do even in such scenarios, as leading memecoin DOGE pumped 20% in just an hour,” CoinSwitch Markets Desk added .

In the context of the ongoing bull run, market analysts advise caution and due diligence to the investment community.

Cryptocurrency is an unregulated digital currency, it is not legal tender and is 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 kind offered or endorsed by NDTV. NDTV will not be liable for any losses resulting from investments based on recommendations, forecasts or any other information contained in the article.

Affiliate links may be automatically generated – see our Ethics statement for details.

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