Most of the major altcoins have seen a change in focus amid the dominance of Bitcoin in the crypto market. Ether’s valuation is up 1.25 percent in the last 24 hours. The world’s second most popular cryptocurrency is recovering better from the Black Friday crash than Bitcoin. At the time of writing this, the value of Ether on Coinswitch Kuber was $4,663 (approximately Rs.3.52 lakh). At the same time, global exchanges valued this second largest cryptocurrency at $ 4,392 (about Rs 3.31 lakh). In this way Ether has increased by 1.65 percent in the last 24 hours.
Gadgets 360’s cryptocurrency price tracker shows that the overall market is trading flat. Despite this, some other popular altcoins have seen gains in the last 24 hours.
While Tether, Polkadot and Stellar saw modest gains in value, Polygon, Cardano and Ripple were among the top gainers of the day.
Coming to MIME coins, Dodgecoin saw a drop of 0.49 percent in the last 24 hours and is currently valued at $0.19 (approximately Rs.14.29). The Shiba Inu is down 1.3 percent to $0.000037 (approximately Rs.0.002759).
Over the past few years, banks have started showing a positive attitude towards crypto. Banks in many countries have started offering investments in crypto in some form or the other. However, Thailand’s central bank has said that it does not want commercial banks to be directly involved in crypto trading.
Meanwhile, Visa, the world’s largest payment processor, has launched a global crypto advisory service for banks and merchants. Under this service, Visa will educate its clients i.e. institutions about cryptocurrencies. Clients will be able to use Visa’s payment processor network to provide offers related to digital currency. Not only this, Visa will also help in managing the backend operations.
A global study conducted by Visa has shown that around 40 percent of crypto owners may leave their primary bank in the next 12 months to move in with them, which will offer them crypto related products.
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