Cryptocurrency Price Today: The global cryptocurrency market on Wednesday, August 3, rebounded slightly after closing in red for four consecutive days, as Bitcoin, Ethereum, Polkadot, and Dogecoin among others traded in green. The cryptocurrency market was standing at $1.07 trillion, up by 1.16 per cent over the last 24 hours, according to data.
Bitcoin opened in green after closing in red on Tuesday, and jumped to the $23,000 levels on Wednesday at open. Bitcoin price today at the time of writing this article was $23,204.25, up by 1.48 per cent over the past 24 hours.
“Bitcoin dropped by 1 per cent yesterday, again closing the day in negative. BTC has now closed in red for the fourth consecutive day. The four-hourly trend for BTC continues to traverse within an ascending channel pattern. The chart had bounced from the top of the trend line towards the lower side and we could expect this downwards momentum to continue for a few more days before the trend reverses again. The next key resistance level for BTC is expected at $32,300 and the next support is expected at $19,000,” said a spokesperson at the Wazirx trade desk.
“The global crypto market started this month with a correction. Bitcoin slid below US$23,000 on Tuesday with increased selling pressure. However, since BTC has been trading sideways this week, it might be able to extend its gains soon,” said Edul Patel, CEO and co-founder of Mudrex.
Meanwhile, Ethereum crossed the $1600 mark on Wednesday after dipping below the same levels on Tuesday. Ether price today jumped by 3.33 per cent at the time of writing in article to scale $1,639.63, showed data from CoinMarketCap.
“Ethereum has remained fairly neutral against Bitcoin over the last week or so, hovering around the 0.071 levels. The Bitcoin dominance also continued to maintain its position above the 42 per cent mark without any significant movement in the last couple of days. The daily chart for ETH-BTC continues to traverse within a descending triangle pattern re-testing the pattern upper trendline. The next key support for ETH-BTC is expected at 0.049 and next resistance is expected at 0.078,” said the WazirX spokesperson.
“On the other hand, Ethereum has bounced off its support level at US$1,500 and is trading above the US$1,600 level. Amid sustained buying, ETH is likely to recapture the US$1,700 level back in the coming hours,” added Patel.
Here are the top 10 cryptocurrencies and their prices on August 3, 2022, Wednesday, (According to data from coinmarketcap.com)
Bitcoin $23,204.25 or 1.48 per cent gain in the last 24 hours
Ethereum $1,639.63 or 3.33 per cent gain in the last 24 hours
Tether $1.00 or 0.01 per cent loss in the last 24 hours
USD Coin $1.00 or 0.00 per cent gain in the last 24 hours
BNB $288.74 or 3.56 per cent gain in the last 24 hours
Binance USD $1.00 or 0.00 per cent gain in the last 24 hours
XRP $0.3709 or 0.06 per cent gain in the last 24 hours
Cardano $0.5074 or 2.71 per cent gain in the last 24 hours
Solana $38.76 or 4.96 per cent gain in the last 24 hours
Dogecoin $0.06756 or 1.79 per cent gain in the last 24 hours
Know the current FD interest rates of DBS Bank, Kotak Mahindra Bank and Bank of Baroda. (Image: Shutterstock)
Kotak Mahindra Bank, DBS Bank and Bank of Baroda recently raised their interest rates on fixed deposits
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As the RBI’s Monetary Policy Committee (MPC) has raised the key repo rate twice in its previous two review meetings and is expected to further hike the rate further in its ongoing meet this week, banks have been increasing their rates on both loans and deposits. Recently, Kotak Mahindra Bank, DBS Bank and Bank of Baroda also raised their interest rates on fixed deposits.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by these three lenders — Kotak Mahindra Bank, DBS Bank and Bank of Baroda on deposits below Rs 2 crore:
Kotak Mahindra Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days – For General Public: 2.50 per cent; For Senior Citizens: 3.00 per cent
15 days to 30 days – For General Public: 2.50 per cent; For Senior Citizens: 3.00 per cent
31 days to 45 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
46 days to 90 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
91 days to 120 days – For General Public: 3.50 per cent; For Senior Citizens: 4.00 per cent
121 days to 179 days – For General Public: 3.50 per cent; For Senior Citizens: 4.00 per cent
180 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent
181 days to 269 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent
270 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent
271 days to 363 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent
364 days – For General Public: 5.25 per cent; For Senior Citizens: 5.75 per cent
365 days to 389 days – For General Public: 5.60 per cent; For Senior Citizens: 6.10 per cent
390 days (12 months 25 days)- For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent
391 days to less than 23 months – For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent
23 months – For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent
23 months 1 days to less than 2 years – For General Public: 6.25 per cent; For Senior Citizens: 5.75 per cent
2 years to less than 3 years – For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent
3 years and above but less than 4 years – For General Public: 5.90 per cent; For Senior Citizens: 6.40 per cent
4 years and above but less than 5 years – For General Public: 5.90 per cent; For Senior Citizens: 6.40 per cent
5 years and above up to and inclusive of 10 years – For General Public: 5.90 per cent; For Senior Citizens: 6.40 per cent.
DBS Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days – For General Public: 2.50 per cent; For Senior Citizens: 3.00 per cent
8 days to 14 days – For General Public: 2.75 per cent; For Senior Citizens: 3.25 per cent
15 days to 29 days – For General Public: 2.75 per cent; For Senior Citizens: 3.25 per cent
30 days to 45 days – For General Public: 2.75 per cent; For Senior Citizens: 3.25 per cent
46 days to 60 days – For General Public: 2.75 per cent; For Senior Citizens: 3.25 per cent
61 days to 90 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
91 days to 180 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
181 days to 269 days – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent
270 days to less than 1 year – For General Public: 4.75 per cent; For Senior Citizens: 5.25 per cent
1 year days to 375 days – For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent
376 days and less than 2 years – For General Public: 6.00 per cent; For Senior Citizens: 6.50 per cent
2 years and 6 months – For General Public: 6.50 per cent; For Senior Citizens: 7.00 per cent
2 years 6 months 1 day and less than 3 years – For General Public: 6.50 per cent; For Senior Citizens: 7.00 per cent
3 years and less than 4 years – For General Public: 6.25 per cent; For Senior Citizens: 6.75 per cent
4 years to less than 5 years – For General Public: 6.25 per cent; For Senior Citizens: 6.75 per cent
5 years and above – For General Public: 6.25 per cent; For Senior Citizens: 6.75 per cent.
Bank of Baroda’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
15 days to 45 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
46 days to 90 days – For General Public: 4.00 per cent; For Senior Citizens: 4.50 per cent
91 days to 180 days – For General Public: 4.00 per cent; For Senior Citizens: 4.50 per cent
181 days to 270 days – For General Public: 4.65 per cent; For Senior Citizens: 5.15 per cent
271 days & above and less than 1 year – For General Public: 4.65 per cent; For Senior Citizens: 5.15 per cent
1 year – For General Public: 5.30 per cent; For Senior Citizens: 5.80 per cent
Above 1 year to 400 days – For General Public: 5.45 per cent; For Senior Citizens: 5.95 per cent
Above 400 days and up to 2 years – For General Public: 5.45 per cent; For Senior Citizens: 5.95 per cent
Above 2 years and up to 3 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
Above 3 years and up to 5 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
Above 5 years to up to 10 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
Above 10 years (MACT/ MACAD Court Order schemes only) – For General Public: 5.10 per cent; For Senior Citizens: 5.60 per cent.
The MPC in its previous policy review in June raised the key repo rate by 50 basis points (bps), which was the second hike within almost a month after it increased 40 basis points in an off-cycle policy review in May. The retail inflation in June stood at 7.01 per cent, which is slightly lower than the 7.04 per cent recorded in May but is higher than the RBI’s target limit of 2-6 per cent.
