Connect with us

News

Record boom in Bitcoin: Ether, Dogecoin and Polkadot including other cryptocurrencies also boomed

Published

on

HIGHLIGHTS :

  • Bitcoin is trading at $65,240 around 48.4 million on global exchanges
  • The world’s largest cryptocurrency is up 4.75 percent in 24 hours
  • Ether is trading at $5,104 (approx Rs 3.8 Lakh)

Bitcoin is trading at $65,240 around 48.4 million on global exchanges

Bitcoin (BTC) prices haven’t seen much volatility last week, but the world’s oldest cryptocurrency has had a strong start this week. Currently, bitcoin is trading at $70,474 (approximately Rs 52.3 lakh) on the Indian exchange- Coinswitch Kuber and on global exchanges such as Coinbase and Binance, bitcoin is trading at around $65,240 (approximately Rs 48.4 lakh) mark. The world’s largest cryptocurrency is up 4.75 percent in the last 24 hours and is trading near its all-time high of $67,000 (roughly Rs. It is estimated that the price of bitcoin may exceed $70,000 (approximately Rs.51.9 lakh).

The world’s largest cryptocurrency is up 4.75 percent in 24 hours

Despite the rally in the price of bitcoin, its dominance over the overall crypto market is decreasing, which experts see as a positive sign for the altcoin. According to Gadgets 360’s cryptocurrency price tracker, Ether is currently trading at $5,104 (approximately Rs 3.8 lakh), up 3.76 percent over the past 24 hours. Meanwhile, the price of Ether has seen a decline over the past few days, as the non-fungible token (NFT) market continues to adopt the network. The tracker says that this decline could also mean that fewer people are trading on the Ethereum-based network.

Ether is trading at $5,104 (approx Rs 3.8 Lakh)

At the same time, Shiba Inu, which is becoming popular day by day, has suffered a minor setback at the beginning of this week. This Dodgecoin rival is down 5.4% after a record-setting run last week. Dogecoin, meanwhile, is trading up 2.68 percent at Rs 21.77 (approximately $0.29). At the same time, most of the altcoins are showing good signs at the beginning of this week. Ripple has seen a gain of 9.47 percent in the last 24 hours. Polkadot and Cardano are also up.

The start has not been good for Tether, which is trading at Rs 80.50 (about $1.08) down 0.2 percent.
Square reported a nearly 60 percent increase in third-quarter gross profit on Thursday, as cryptocurrency adoption increased globally. This cash app generated $1.82 billion in bitcoin revenue (approximately Rs 13,509 crore).

Also Read :

Instagram rolls out new ‘Rage Shake’ feature and the option to delete posts from a carousel

Google announces Google Classroom offline, will enable students to work on assignments with no internet

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2020 - 2021 TechZimo.com, All rights reserved.