Cryptocurrency prices have shown a significant increase in the last 24 hours. While the price of the popular currency Bitcoin is up 4%, Polkadot and XRP are up 6%.
Almost all cryptocurrencies are trading with gains. Out of the top 10 cryptocurrencies, 9 currencies have shown an increase in their prices. The most bullish has been seen in the prices of XRP, Polkadot, and Bitcoin. The price of bitcoin has reached $51,597. While the price of Ethereum has gained 1.44% to reach $3,904.
Binance Coin price is up by 1.11%. This currency is trading at $499. Tether, however, is trading marginally higher at $1, while Cardano is also trading marginally higher at $2.88. Dogecoin's price is up 4.15%. It is trading at $0.31.
XRP is trading at $1.32 with a gain of 5.87%. Polkadot is trading at $ 33.69 with a gain of 4.56%. The market cap of cryptocurrencies in the whole world has increased by 3% to $2.33 trillion. The crypto market has shown good momentum in the last 24 hours. For the last 7 days, bitcoin has been trading with a steady increase.
Cryptocurrency experts say that for the last few weeks, the prices of cryptocurrency are showing a good rally. There has been good participation from institutional and retail investors in this uptrend. The market cap of crypto has crossed $ 2.30 trillion.
Cardano and Solana have seen the biggest gains in the past week. However, crypto investors in India are still taking precautions. The reason is that the Indian government has still not been able to take any decision regarding crypto. It is still considered an unregulated segment in India. So investors do not want to take any risk in this.
Experts believe that the price of bitcoin will see a good rally from here. Maybe next year it will cross the mark of up to 90 thousand dollars. However, by the end of this year, its price can go up to 60 thousand dollars. The price of bitcoin went up to 32 thousand dollars 3 months ago. While the price of Polkadot had reached $ 22.
There are 12-14 crypto exchanges in India that do business. The daily turnover in cryptocurrencies in India is in the range of Rs 1,000-1500 crore. There are 1 to 1.20 crore investors in cryptocurrency in the country.
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