Cryptocurrency Prices Today on September 21: Bitcoin, Ethereum, Binance Coin fall over 8%

Bitcoin, #cryptocurrency, 150 more bitcoins, PayPal announced, WazirX, Cardano, Dogecoin

Prices of cryptocurrencies plunged on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s troubles rippled over to wider markets.

Cryptocurrency prices continue to be in the red on September 21. The global cryptocurrency market cap is at Rs 138.43 lakh crores, a 9.8 percent decrease over the last day, while the total crypto market volume over the last 24 hours is Rs 11.28 lakh crores , which makes a 83.21 percent increase.

Bitcoin‘s price is currently Rs 34,24,116  and its dominance is currently 42.47 percent, an decrease of 0.06 percent over the day.

Prices of cryptocurrencies plunged on September 20 as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s troubles rippled over to wider markets.

The loss in the value of cryptocurrencies comes at a time when institutional interest in the space has surged and some investment banks have ramped up their forecasts for cryptocurrencies in the coming months.

“Their fate seems a little tied to equities at the moment, and the price action is incredibly similar too,” said John Marley, CEO of forexxtra, a London-based FX consultancy.

Furthermore, El Salvador has bought 150 more bitcoins, President Nayib Bukele announced, taking the Central American country’s holdings of the volatile cryptocurrency to 700 coins.

“We just bought dip,” Bukele tweeted late on September 19, referring to a recent slump in bitcoin prices.

“We just bought the dip. 150 new coins! El Salvador now holds 700 coins.#Bitcoin”

Nearly a month after PayPal announced that it would expand its cryptocurrency offering in the UK, the company has said that the launch was complete for all eligible PayPal account holders.

The roll-out in UK is the first international expansion of PayPal’s cryptocurrencies services outside of the United States.

In the UK, PayPal’s service will rival established cryptocurrency exchanges such as Coinbase Global Inc, and fintech startups such as Revolut.

As off 7.35 am on September 21, these are the prices of the largest cryptocurrencies (data from WazirX):

NAME PRICE (INR) 24H %
Bitcoin 34,24,116 -8.37%
Ethereum 2,41,000 -8.23%
Tether 80.01 1.15%
Cardano 171.5 -4.05%
Binance Coin 29,260 -8.58%
XRP 75.2 -7.50%
Dogecoin 16.793 -7.73%
Internet Explorer Channel Network
News Related

OTHER NEWS

Hainan's foreign trade grew 60.4% in the first three quarters of 2021

The province's export grew 27.5% and up to 24.1 billion yuan over the period Read more »

Hold ICICI Pru Life; target of Rs 760: Emkay Global Financial

Emkay Global Financial’s report on ICICI Pru Life ICICI Prudential’s H1FY22 results were broadly on the expected lines. Since IPRU’s monthly new business numbers were already known, the key monitorablesin ... Read more »

How does the first bitcoin ETF change your life?

(Image: Reuters) NYSE made history by listing first the Bitcoin ETF. The Proshares Bitcoin Strategy ETF tracks bitcoin’s futures traded on Chicago Mercantile Exchange What is this bitcoin ETF? Exchange-traded ... Read more »

Abu Dhabi Investment Authority to invest US$400 million in Indonesia's GoTo Group

GoTo Group, the digital leviathan created by the merger of Gojek and Tokopedia in May, said on Wednesday that the Abu Dhabi Investment Authority (ADIA) will invest US$400 million and ... Read more »

Vistara narrows loss in FY21, revenue drops 53% in pandemic year

Representative image Vistara, the joint venture airline between Tata Sons and Singapore Airlines, narrowed its loss in the year ended March 31 as other income increased and total expenditure fell. ... Read more »

Rijk sets Pels Rijcken strict requirements after millions of dollars fraud

As a result of the multi-million dollar fraud at state lawyer Pels Rijcken, the national government will impose stricter requirements on this office. For example, Pels Rijcken must appoint three ... Read more »

Buy ACC; target of Rs 2620: Emkay Global Financial

Emkay Global Financial’s report on ACC Q3CY21 EBITDA rose 6% YoY (down 18% QoQ) to Rs7bn, 5% above our estimate of Rs6.8bn (in line with consensus), as higher-than-expected cost/ton was ... Read more »

Warburg Pincus & Partners Group-backed Ecom Express picks 4 I-banks for 2022 IPO

Gurugram-based Ecom Express, a logistics and warehousing solutions provider for the e-commerce industry that is backed by private equity firms Warburg Pincus and the Partners Group, has shortlisted four investment ... Read more »

Russian arms exports total $15 bln annually, Deputy PM's office says

According to Yuri Borisov, Russia is holding on to second place among defense exporters Read more »

Hold Larsen and Toubro Infotech; target of Rs 5461: Arihant Capital

Arihant Capital’s research report on Larsen and Toubro Infotech L&T Technology Services (LTTS) has reported strong Q2FY22 numbers, above our estimate on all fronts. Raised revenue growth guidance for FY22 ... Read more »

UK fines Facebook £50.5 million over Giphy takeover breach

Britain’s competition watchdog said Wednesday it had fined the social network giant Facebook more than £50 million for failing to supply information linked to its takeover of animated graphics startup ... Read more »

Second-hand car also increasingly expensive: average used car costs more than €20,000

The average price for a used car in September was €20,467. In August this was still €20,234, according to data from the online car marketplace Autoscout24. In 2020, the average ... Read more »

'No commercial case for green hydrogen' yet: Siemens Energy CEO

The CEO of Siemens Energy has spoken of the challenges facing the green hydrogen sector, telling CNBC that there was “no commercial case” for it at this moment in time. ... Read more »

Stocks making the biggest moves before the bell: Biogen, Novavax, Netflix, Verizon & more

A customer enters a Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021.Bloomberg | Getty Images Check out the companies making headlines before the bell: Anthem (ANTM) ... Read more »

Technical View | Nifty forms yet another bearish candle, short-term weakness likely

The Nifty continued to slide for the second day, closing 152 points lower at 18,266.60 on October 20 on selling across sectors barring bank. Auto, FMCG, metal, and realty indices ... Read more »

Significant increase in oil and gas use, despite international climate ambitions

Most countries make little progress to reduce the extraction and use of fossil fuels. If humanity wants to limit global warming to one and a half degrees Celsius, by 2030 ... Read more »

Britain's Lloyds Bank to close another 48 branches

Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as it seeks to further cut costs by trimming its physical ... Read more »

Taking Stock: Profit-booking drags Nifty below 18,300; metal, power, realty underperform

The market saw profit-booking for the second day on October 20 as selling across sectors dragged Indian shares lower. At close, the Sensex was down 456.09 points, or 0.74 percent, ... Read more »

Hong Kong to add estimated 2,000 quarantine hotel rooms ahead of Christmas holidays

People pose in front of a giant moon-shaped balloon ahead of Mid-Autumn Festival in Hong Kong on Sept 20, 2021. (Reuters photo) HONG KONG: Authorities plan to ramp up the ... Read more »

Online learning firm Udemy targets nearly $4 billion valuation in US IPO

Source: Reuters Udemy Inc, which has grown rapidly over the past 18 months as demand for online learning surged during the pandemic, on Wednesday set terms for its initial public ... Read more »

Hold ACC; target of Rs 2479: Arihant Capital

Arihant Capital’s research report on ACC ACC Limited reported good set of numbers for Q3CY21 on YoY basis Revenue from operations grew by 6% YoY however on QoQ basis revenue ... Read more »

Facebook reportedly planning name change to shake off scandal

Facebook is reportedly planning to change its company name in an effort to distance it from recent scandals. REUTERS/Dado Ruvic/Illustration/File Photo Facebook is reportedly planning to change its company name ... Read more »

Semiconductor giant Micron aims to invest over US$150b globally over next decade

SINGAPORE – Semiconductor giant Micron Technology intends to invest more than US$150 billion (S$201 billion) globally over the next decade to drive memory manufacturing as well as research and development. ... Read more »

'Squid Game' helped drive a big quarter for Netflix, but Wall Street is split on what comes next

The Netflix logo is seen on their office in Hollywood, Los Angeles, California, July 16, 2018.Lucy Nicholson | Reuters A stronger-than-expected third quarter for Netflix increased confidence for many Wall ... Read more »

Singapore extends Covid restrictions as cases remain high

People inside a shopping mall in Singapore on May 15, 2021, ahead of tightening restrictions over concerns of a rise in Covid-19 coronavirus cases.Roslan Rahman | AFP | Getty Images ... Read more »

Aditya Birla Sun Life AMC launches ABSL Nifty IT ETF

File image of A Balasubramanian Aditya Birla Sun Life (ABSL) AMC Ltd on October 20 announced the launch of ABSL Nifty ETF, an open-ended exchange traded fund that will track the ... Read more »

Silver shines brighter at Rs 64,500 a kg on positive trends in gold

Silver prices soared above Rs 64,500 per kg on October 20, tracking a positive momentum in gold, dollar and weak industrial metals, after a flat start in the moring. The precious metal ... Read more »

Petrol retailers warn of record prices at the pumps within days

Motoring groups have previously argued that global market forces are not solely responsible for rising fuel prices as a major industry body warns there is no end in sight to rising costs at the pumps. Read more »

Support for greener agriculture, but also concerns for farmers, food shortages and higher prices

Europe has taken a new hurdle towards a new and much greener agricultural policy. The use of pesticides and antibiotics is greatly reduced, farm animals in cages disappear and a ... Read more »

A famous short-seller is suspicious of Tether's backing. So it's offering $1 million as a reward for anyone with knowledge of the stablecoin's reserves.

© Photo Illustration by Guillaume Payen/SOPA Images/LightRocket via Getty Images Photo Illustration by Guillaume Payen/SOPA Images/LightRocket via Getty Images Hindenburg Research is offering a reward up to $1 million for ... Read more »

Why is Toyota being sued by supplier Nippon Steel?

Japan‘s Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co ... Read more »

NYC to Expand Vaccine Mandates, Eliminating Test-Out Option for City Workers

An MTA worker is seen wearing a mask on the subway after The Port Authority of New York and New Jersey and the Metropolitan Transportation Authority (MTA) announced a mandatory ... Read more »

Gainers & Losers: 10 stocks that moved the most on October 20

The benchmark indices ended lower for the second consecutive session on October 20 amid selling across sectors. At close, the Sensex was down 456.09 points, or 0.74%, at 61,259.96, and ... Read more »

Fox News anchor Neil Cavuto has Covid-19, urges vaccines

The anchor learned of the test results after Monday’s episode of “Your World with Neil Cavuto," and wasn’t on the air Tuesday. Read more »

On track to make timely deliveries of Ola S1 and S1 Pro: Varun Dubey, CMO, Ola Electric

Ola Electric has officially announced a nation-wide round of test rides for the S1 and S1 Pro, which received Rs 1100 crore in bookings, during the two-day purchase window provided ... Read more »

Representatives of the Li people in Hainan held a workshop on the art of weaving

Many centuries ago the women of this people mastered a unique technique of spinning and weaving, dyeing and embroidery Read more »

Rupee rallies 47 paise to close at 74.88 against US dollar

Representative image The rupee surged by 47 paise to close at 74.88 (provisional) against the US dollar on Wednesday on easing global crude oil prices. A surging American currency in ... Read more »

Swiggy rolls out two-day period leave for women delivery partners

Online food delivery firm Swiggy will be offering paid monthly period time-off to its regular delivery partners, it said in a statement on October 20. “Discomfort from being out and ... Read more »

Hong Kong government keen on public to take part in US$22.5 billion green bond issuance programme

Hong Kong’s finance chief said the government plans to issue HK$175.5 billion (US$22.5 billion) worth of green bonds over the next five years, with some bond issuances open to the ... Read more »

The Associated Press releases its NFT collection on Binance

Photo by: The Associated Press/YouTube The Associated Press, an American non-profit news agency based in New York City, just released its own non-fungible token. The digital asset was placed on ... Read more »