The value of Ether also fell 2.44 per cent on 28 December. According to Gadgets 360’s crypto price tracker, Ether is trading at $4,209 (approximately Rs.3.15 lakh) per token. There has been no significant change in the value of Ether in the recent times and it remains close to $4,200 (approximately Rs.3.14 Lakh).
Cryptocurrencies like Ripple, Polkadot, Dogecoin, Shiba Inu and Polygon are also on the slopes. At the same time, Tether, Cardano and USD Coin have seen gains.
Idul Patel, CEO and co-founder of crypto investment firm Mudrex, told Gadgets 360 that bitcoin has fallen below $50,000 (about Rs 37.4 lakh) due to lack of good momentum. The rest of the crypto market also fell down following bitcoin. The cryptocurrency market is likely to remain limited over the next few days.
According to CoinMarketCap, the global crypto market has grown from $2.35 trillion (approximately Rs 1,77,02,311 crore) to $2.39 trillion (approximately Rs 1,80,02,836 crore).
Crypto trading volume has also increased to $75.03 billion (approximately Rs 5,63,587 crore) from $72.62 billion (approximately Rs 5,45,485 crore) earlier this week.
With the growing crypto market in the country, crimes related to it have also increased. Hyderabad Police has issued a warning. This situation is when the decision on making the crypto currency legal is yet to be taken.
Dodgecoin and Shiba Inu have emerged as the most popular cryptocurrencies of the year 2021 on the CoinMarketCap exchange internationally. They beat bitcoin and ether.
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