Ether, the world’s second most popular cryptocurrency, is also on its way to bitcoin. It has seen minor losses on both national and international exchanges.
According to Gadgets 360’s crypto price tracker, the price of ETH has fallen 0.76 percent to $3,450 (approximately Rs 2.5 lakh). On foreign exchanges such as CoinMarketCap, ETH has increased by almost 1%, taking its trading value to $3,400 (approximately Rs 2 lakh).
Overall the crypto price chart is more visible on the green mark than the red one. Binance Coin, Solana, Avalanche, Polkadot and Polygon have seen some gains. Dogecoin and Shiba Inu, popularly known as meme coins, have both seen modest gains.
On the other hand, Tether, USD Coin, Ripple, Cardano and Terra sunk have seen losses. Industry experts say that the gains made by bitcoin have removed the negativity from the market.
The research team at CoinDCX told Gadgets 360 that there is strong interest in crypto from people and institutions around the world. The number of public crypto funds has grown to 119 as of January 2022. Five years ago there were only 4 such funds.
Along with this, many more countries are also joining the list of implementing cryptocurrency regulations. Vietnam’s Deputy Prime Minister Le Minh Khai has directed the country’s finance ministry to prepare draft regulatory laws for the digital assets sector.
According to CoinMarketCap, the current market cap of the crypto sector is $2.14 trillion (approximately Rs 1,62,77,490 crore).
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