Ether has made huge profits compared to bitcoin. According to Gadgets 360’s crypto price tracker, Ether opened trading at $3,187 (approximately Rs 2.5 lakh) in India with a gain of 3.88 per cent. ETH gained 3.55 per cent in value on Binance and CoinMarketCap, taking the cryptocurrency to $3,138 (approximately Rs 2.3 lakh) in value.
Tether, Binance Coin, USD Coin, Ripple and Cardano have gained, while Solana, Avalanche and Polkadot have also seen profits.
Edul Patel, CEO and co-founder of Mudrex crypto investment firm, told Gadgets 360 that the world’s most valuable cryptocurrency, BTC, is currently competing between $46,000 and $51,000. If it crosses the low level of $46,000, then the trend that has been going on for the last four months may reverse.
A small number of altcoins opened with losses today. The popular Dogecoin DOGE and Shiba Inu SHIB as mimecoins started with a downtrend. Binance USD, SushiSwap, DOGEFI are among the altcoins that did not have a good start today.
The overall sentiment regarding cryptocurrencies seems to be taking a positive turn amid the ongoing tensions in Europe. Russian Federation chief Pavel Javlny has reportedly hinted at accepting bitcoin as a payment mode for its oil and gas from ‘allied countries’ such as China and Turkey.
El Salvador President Nayib Bukele, who was the first in the world to accept bitcoin as a legal tender, met with Binance CEO Changpeng Zhao. Zhao is currently on a tour of El Salvador. At the same time, the market cap of the overall crypto market has touched $2 trillion (about Rs 1,52,39,826 crore) for the first time in 2022.
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