Ether, the world’s second largest cryptocurrency, also saw a slight decline today. The price of Ether, both nationally and internationally, has declined marginally. According to Gadgets 360 Crypto Price Tracker, Ether (Ether latest price) is currently trading down 0.76 percent at $3,450 (approximately Rs 2.5 Lakh). At the same time, on global exchanges like CoinMarketCap, its price is trading down by about 1 percent at $3,400 (about Rs 2 lakh). Talking about the entire cryptocurrency market recently, most of the cryptocurrencies today appeared in the green.
Binance Coin, Solana, Avalanche, Polkadot, and Polygon have seen a slight increase in prices. Tether, USD Coin, Ripple, Cardano and Terra have suffered losses today. Apart from this, Mime cryptocurrencies Dogecoin and Shiba Inu have also gained light gains.
Crypto market experts say that this rally in bitcoin has put an end to the fear of investors. This has eliminated the ongoing negative impact for the crypto market. The research team at Indian exchange CoinDCX told Gadgets 360 that there is still a growing interest in cryptocurrencies for long-term investments. While the number of crypto funds was 4 five years ago, it has increased to 119 in January 2022.
Meanwhile, many more countries are also taking steps for crypto regulation. Vietnam’s Deputy Prime Minister Lee Minh Khai has instructed the country’s finance ministry to draft regulatory laws for the digital assets sector.
According to CoinMarketCap, the current market capitalization of the crypto sector is $2.14 trillion (approximately Rs 1,62,77,490 crore).