Bitcoin steady at $114K as dollar weakness boosts crypto demand
Bitcoin edged up marginally in the past 24 hours, holding steady at $114,532 on Wednesday. Dollar weakness in the current economic setup is said to be driving investors toward crypto, supporting upward momentum.
As of 11:22 am IST, the world’s largest cryptocurrency was up 0.52% over the past 24 hours at $114,603. Ethereum slipped 0.61% to $4,152. XRP, BNB, Solana, Tron, and Dogecoin dropped by nearly 1% whereas Hyperliquid and Cardano advanced up to 1%. The overall cryptocurrency market capitalisation declined by 0.9% to $3.91 trillion, according to CoinMarketCap.
Also Read | RBI MPC: How should debt mutual fund investors position their portfolios now?
Edul Patel, CEO of Mudrex, said that the dollar weakness in the current economic…
