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HomeAutoCryptocurrency Prices: Bitcoin Prices Rise, Ethereum Also Surges

Cryptocurrency Prices: Bitcoin Prices Rise, Ethereum Also Surges

The price of cryptocurrencies has seen a rise on Saturday. The global cryptocurrency market cap stood at $2.05 trillion, an increase of 0.53 percent over the previous day. The total crypto market volume during the last 24 hours stood at $84.28 billion.

The price of cryptocurrencies has seen a rise on Saturday.

Bitcoin Prices Today: The price of cryptocurrencies has seen a rise on Saturday. The global cryptocurrency market cap stood at $2.05 trillion, an increase of 0.53 percent over the previous day. The total crypto market volume during the last 24 hours stood at $84.28 billion, which saw a decline of 16.66 percent. Total volume in DeFi currently stands at $12.76 billion, which is 15.14 percent of the total 24-hour volume of the crypto market. The volume of all stablecoins is now $67.57 billion, which is 80.17 percent of the total 24-hour volume of the crypto market.

The current price of bitcoin is Rs 34 lakh. And its presence is currently 39.56 percent, which shows a decline of 0.14 percent in the previous day.

Tether, Cardano also gain momentum

Ethereum has seen an increase of 0.07 percent during the last 24 hours. It is currently available at Rs 2,63,000. At the same time, Tether rose by 0.27 percent to reach Rs 79.76. Cardano has gained 0.21 percent to Rs 100.5246. Whereas, Binance Coin has increased by 0.71 percent to Rs 38,849.92 during the last 24 hours.

On the other hand, XRP is down 0.36 percent at Rs 61.4769. At the same time, Polkadot has gained 0.42 percent to reach 2,167.50. Whereas, Dogecoin has gained 1.17 percent during 24 hours to reach Rs 15.1500.

A five-word tweet by billionaire Elon Musk has seen a huge jump in the value of the meme-based cryptocurrency dogecoin. Musk said on his Twitter handle on Friday that Tesla Inc.’s merchandise can be purchased using dogecoin. One unit dogecoin is currently trading at $0.1981. Its value has jumped by more than 26 percent.

The government was about to bring the bill

Let us tell you that the government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be introduced in the winter session of Parliament. It was also listed for the first budget session, but it could not be presented, as the government had decided to work on it again.

Cryptocurrency has emerged as a popular option among people as an investment in the recent times. Especially, a large number of youth are investing money in this. However, there is also a need to be careful in this. Because its prices keep fluctuating. Therefore, people should get thorough information about it before investing money in it.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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