Wednesday, December 7, 2022

Bitcoin rises to close to $1.7 million, but stable coins fall

Thursday brought some relief news for Bitcoin investors. Today i.e. on July 14, the trade opening of bitcoin took place with an increase. The price of the world’s oldest cryptocurrency was $20,993 (approximately Rs 16.70 lakh) on Indian crypto exchange Coin Switch Kuber at the time of its opening on Thursday, which is an increase of 2.33 percent in the last 24 hours. Bitcoin has benefited much more than this on international exchanges. For example, on global crypto exchanges like Binance and Coinbase, the price of bitcoin has increased by 4.20 percent. The price of bitcoin stood at $20,286 (approximately Rs 16 lakh) on global exchanges. The overall value of bitcoin has increased by 3.97 percent in the last 24 hours, which indicates a correction.

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Today was a good day for Ether too. Its price has also seen an increase today. The world’s second largest cryptocurrency was seen in the green with a slight gain of 2 percent on the crypto price chart. Currently Ether price is trading at $1,151 (approx. Rs. 91,800) according to Indian exchange Coin Switch.

The Gadgets 360 Crypto Price Tracker shows that along with bitcoin and ether, there are other popular coins that have seen an increase today. For example, the price of Binance Coin, Ripple, Cardano, Solana, Polkadot and Polygon has increased today. The token that gained the most in this is Polygon, which has seen an increase of more than 10 percent in its price. Apart from this, stable coins were seen painted red today. Stable coins like Tether, USD Coin and Binance USD declined today.

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Talking about Mime cryptocurrency, the price of Dogecoin has seen a decline again today. Dodgecoin’s price dropped below 2.5 percent today. Dodgecoin price in India was trading at ₹4.76 at the time of writing this news. At the same time, Shiba Inu, the second largest Mime cryptocurrency, also registered a decline today. At the time of writing this, the price of Shiba Inu in India was trading at ₹ 0.000813. Its price has declined by about 2 percent in the last 24 hours. According to CoinMarketCap data, the crypto sector currently has a total market cap of $897 billion (approximately Rs 71,60,501 crore).

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