Cryptocurrency Rates Today: Bitcoin Steadies Above $112k After Brief Dip; Ethereum Edges up 0.6% Amid Cautious Trade - The Times of India

Cryptocurrency rates today: Bitcoin steadies above $112k after brief dip; Ethereum edges up 0.6% amid cautious trade - The Times of India

Bitcoin experienced a brief dip below $110,000 before recovering, signaling cautious market behavior. While Ethereum saw a slight increase, several other major cryptocurrencies declined. The overall market value decreased, influenced by US-China trade tensions and potential Fed rate cut hints amidst inflation concerns.

Bitcoin Price Slips to $113,500 as Traders Await US Fed Chair Jerome Powell’s Remarks

Bitcoin traded around $113,500 (roughly Rs. 1.01 crore) on Monday, consolidating after a volatile week marked by leverage unwinding. Analysts say the market reset could create a stronger foundation for recovery, with Ethereum steady above $4,000 (roughly Rs. 3.56 lakh). Investors are closely tracking Jerome Powell’s speech today, which may provide clarity on rate cuts and macroeconomic direction.