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Growth graph for Bitcoin again rises, all other altcoins including Ether fall

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HIGHLIGHTS :

  • Tether, USDCoin, and Polygon saw early gains.
  • Ether is currently trading at $4,828 (approximately Rs 3.6 lakh).
  • Cardano, Ripple, Polkadot, Dogecoin, and Shibu Inu also suffered losses.

Tether, USDCoin, and Polygon saw early gains.

After a major drop in recent days, Bitcoin has resumed its uptrend. The world’s oldest cryptocurrency opened at $59,987 (about Rs 45 lakh) on Indian exchange Coinswitch Kuber, up 1.14 percent. Meanwhile, bitcoin is trading around $56,400 (about Rs 42 lakh) on international exchanges like CoinMarketCap and Binance. Bitcoin may have registered a slight uptrend but still, this digital coin is coming back to its all-time high of $68,000 (about Rs.51 lakh).

Breaking the general pattern, Ether did not follow bitcoin’s move in terms of taking the lead. Ether is currently trading at $4,828 (approximately Rs 3.6 lakh) according to the Gadgets 360 crypto price tracker, a fall of 2.13 percent.

Ether is currently trading at $4,828 (approximately Rs 3.6 lakh).

Of the popular altcoins, only a few managed to post early gains today. These include Tether, USDCoin, and Polygon. Other popular crypto tokens including Cardano, Ripple, Polkadot, Dogecoin, and Shiba Inu started the day with losses. The market movement in recent days has been volatile with either slight gains or slight declines for most of the tokens. It will be interesting to see how the market reacts to it, with crypto ads getting louder and opinions getting louder.

In another crypto news, Meta, a rebranded umbrella group for Facebook and Instagram, has decided to allow companies to run crypto-promotion ads on its platform. The company has decided to allow crypto advertisers such as exchange platforms and wallet services to run ads on the meta platform if they also have one of the required 27 licenses.

Cardano, Ripple, Polkadot, Dogecoin, and Shibu Inu also suffered losses

No regulation has been passed to ban crypto ads in India so far. Rather a crypto bill is likely to propose a ban on all “private cryptocurrencies” yet in parliament.

Bhavesh Talreja, CEO and Founder, Global Media, told Gadgets 360, “As long as the advertisements contain a disclaimer about market volatility and associated investment risk, such advertisements should be allowed as they provide opportunities to investors in a regulated manner. provide.”

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