The price of bitcoin on the global exchanges remains around $ 43,000 i.e. $ 42,930 (about Rs 32.5 lakh). It has increased by 2.68 percent in the last 24 hours. Data from CoinGecko shows that the value of bitcoin has been better over the past week.
Ether, the world’s second largest cryptocurrency, has outperformed bitcoin this week. At the time of writing the news, Ether is valued at $3,070 (approximately Rs 2.5 lakh) on Coinswitch Kuber, while it is valued at $3,030 (approximately Rs 2.5 lakh) on global exchanges. This coin has seen a rise of 3.51 percent in the last 24 hours.
Data from CoinGecko shows that the value of ether has risen 9 percent over the past week and is up 17.4 percent from the previous month.
Gadgets 360’s cryptocurrency price tracker has shown strength in most of the popular altcoins. The global crypto market cap has increased by 2.62 percent in the last 24 hours. Cryptocurrencies such as Cardano, Solana, Polkadot, Polygon and Uniswap saw the biggest gains on Wednesday, while Avalanche, Binance Coin and Terra also posted gains.
Mime coins- Shiba Inu and Dogecoin have also performed well. Dodgecoin is currently valued at $13 (approximately Rs 10.5), while the Shiba Inu is valued at $0.00025 (approximately Rs 0.0019), after up 9.69 per cent in the last 24 hours. This is 4.45 percent more than the previous day.
After some volatility, the market conditions have improved, which has also strengthened the confidence of the investors. On the other hand, if we talk about the regulatory front of cryptocurrency, then governments around the world are planning to tax cryptocurrency. On the other hand, the lower house of the Russian parliament has approved a proposal for a digital ruble. It is a digital form of Russia’s national currency, which will be issued by the Bank of Russia.
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