Cryptocurrency and bitcoin price on 12 Sept: BTC grows over 2%

This post was originally published on this site

Cryptocurrency and Bitcoin price today, 12 Sept: Bitcoin and Ethereum price rises. Read this detailed report on the updated prices of BTC, ETH and other cryptocurrencies

cryptocurrency | bitcoin price | Ethereum upgrade

BS Trends  |  New Delhi 

Last Updated at September 12, 2022 15:23 IST

The market is up by $1.13 trillion today and witnessed a 1.1 per cent change in the last 24 hours. The total crypto market volume is $79.36 billion in the previous 24 hours.

The is Rs 1,764,051, while Ethereum is Rs 139,242. So, here we have listed the prices of renowned based on their market capitalization, cost and growth.

So, here are the prices of the top you should consider before making your next trade.

Also, read | Bitcoin is seen poised to escape from tightest trading range in two years

Prices of the top based on market capitalization

Serial number Coin Price 1h 24h 7d 24h Volume Market cap
1 Bitcoin (BTC) Rs 1,764,051 1.2 per cent 2.1 per cent 10.7 per cent Rs 2,991,496,649,611 Rs 33,778,955,164,872

Ethereum (ETH)

Rs 139,463 0.8 per cent -0.9 per cent 10.8 per cent Rs 1,105,582,985,641 Rs 16,800,641,012,441

Tether (USDT)

Rs 79.51

0 per cent -0.2 per cent -0.2 per cent Rs 3,513,086,481,956 Rs 5,384,740,145,483

USD coin (USDC)

Rs 79.60

0.1 per cent -0.5 per cent -0.2 per cent Rs 475,045,643,927 Rs 4,107,058,953,720


Rs 23,537.29

0.7 per cent -0.3 per cent 5.9 per cent Rs 14,401,935,228 Rs 3,839,243,388,602

How is price calculated?

The price of the is calculated using the global volume-weight average price formula based on which the pairing is available on the different exchanges of a particular crypto asset.

Why do crypto prices differ from exchange-to-exchange?

You can observe that cryptocurrencies on different exchanges have different prices. Though there can be several reasons, we can mention some of the most common economic conditions that affect costs, such as liquidity, the ratio of derivatives by leverage and trading pairs.

What is a 24h volume?

The 24h trading volume accounts for the amount of a cryptocurrency bought and sold across all exchanges within the last 24 hours. For instance, if the 24h volume of Ethereum is Rs 1.1 trillion, it implies that Rs 1.1 trillion worth of Ether has been sold and bought in the last 24 hours.

(Written by Zuhair Zaidi)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 12 2022. 15:23 IST