The price of bitcoin crossed $40,000 (approximately Rs 30 lakh) on international exchanges and went up to $ 40,490 (approximately Rs 31 lakh). According to data from CoinGecko, it has been a good week for bitcoin and is up about 2.8 percent on a week-on-week basis. The week has been even better for Ether. It was priced at $2,882 (approximately Rs 2 lakh) on CoinSwitch Kuber and $2,778 (approximately Rs 2 lakh) on international exchanges. Its price on international exchanges has risen 0.83 percent in the last one day.
Ethereum developers have successfully merged the blockchain and consensus layers on the Kiln testnet. Those involved in the crypto market expected the proof-of-stake to have a positive effect on the price of Ether. Data from CoinGecko shows that its value has increased by 6.5 percent in the past week.
According to Gadgets 360’s cryptocurrency price tracker, the global crypto market has lost 0.36 percent in value in the past day. Terra, Cardano, Solana and Polkadot declined, while Avalanche, Stellar, Uniswap, and Binance Coin gained. Mime coin Shiba Inu and Dogecoin were up till Thursday but declined on Friday. The price of Shiba Inu was down by around 2.31 per cent at $0.000023 (approximately Rs. 0.0017) and Dogecoin was down 1.79 per cent at $0.12 (approximately Rs.9) in the last one day. The recent rally in the crypto market was similar to that of the pre-Russian invasion of Ukraine, with the market rising sharply and then declining rapidly. European Union’s regulators remain apprehensive about the crypto market. They say that the risks in cryptocurrencies are high and those investing in them should be prepared to lose the entire amount.
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