The world’s most popular and oldest cryptocurrency, Bitcoin, was up by 0.49 per cent at $44,003. The second-biggest cryptocurrency by market capitalization, Ethereum, was trading at $3,190, up by 2.70 per cent.
Cryptocurrencies.
Bitcoin has made strong gains as the global crypto market is trading in green following reports that the Russian government decided to regulate cryptocurrencies instead of putting on a blanket ban, according to coindesk.
The world’s most popular and oldest cryptocurrency, Bitcoin, was up by 0.49 per cent at $44,003.
The second-biggest cryptocurrency by market capitalization, Ethereum, was trading at $3,190, up by 2.70 per cent.
Other cryptocurrencies such as XRP was up by 0.95 per cent, Solana was up by 0.26 per cent, and Terra was up by 1.10 per cent.
While Dogecoin was down by 0.59 per cent at $0.157681, Shiba Inu was up by 2.27 per cent at $0.000033.
“Bitcoin and Ethereum continued to move towards a winning streak after dipping a bit on Wednesday. BTC and ETH are currently trading above US$43,000 and US$3,000 levels. BTC’s support price stays at US$40,000 while the resistance holds at US$46,000,” Edul Patel, CEO and Co-founder of Mudrex, said.
“Since there are no signs of overbought conditions, this can drive the buyers to be active in the market. According to the market cap, top altcoins are also running in green in the past 24 hours. The bounce-back could be following the news of the Russian government deciding to regulate cryptos rather than banning them,” Patel said.
ALSO READ | RBI monetary policy highlights: From inflation to GDP growth, all you need to know
Click here for IndiaToday.in’s complete coverage of the coronavirus pandemic.
This news is republished from another source. You can check the original article here
Be the first to comment