Crypto markets restless as Bitcoin ETF gears up to meet the NYSE tonight

Oct 19, 2021 By: BI India Bureau

Tonight is set to be a moment of reckoning for the world’s oldest cryptocurrency…

Bitcoin Credit: Business Insider India

The US’ securities watchdog has greenlit the listing of a Bitcoin ETF

And, it’s set to hit the NYSE tonight Credit: Canva

Bitcoin currently stands at $62,800

Merely a stone’s throw of its all time high of $64,800 on April 14 Credit: Canva

Crypto enthusiasts are hopeful it will catalyse further Bitcoin buying…

By attracting a horde of new institutional investors Credit: Business Insider India

Binance Coin is up by 5.16 percent in the last 24 hours

Its price is currently at $495.23 Credit: Canva

The surge in Binance Coin comes after burning almost $64 million worth of tokens

The burn has been the most valuable in terms of dollars to date Credit: Canva

The rest of the market, however, remains uncertain

Ethereum continues to stay around $3,800

And, Cardano is unable to break out from its $2.15 levels Credit: Canva

XRP too is stable at around $1.10

While Solana is flat at $158.47 Credit: Canva

Polkadot has seen marginally heavier momentum

The cryptocurrency is down by 2.88 percent at a price of $41.32 Credit: Business Insider India

Dogecoin has seen a push thanks to Elon Musk’s cryptic tweets

The token is up by 3.65 percent at $0.248 Credit: Canva

Disclaimer

These are the top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of October 19, 9 am IST and may change over the course of the day Credit: Canva