Bitcoin, Ether Post Big Gains as Crypto Market Snaps Back From Black Friday Slump

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Bitcoin suffered a news-led bearish run of the new COVID-19 version on Friday to make a very strong start to the week. Bitcoin is currently valued at $58,903 (approximately Rs 44.18 lakh) on Indian exchange Coinswitch Kuber, up 1.47 per cent after a stable trading day on Monday, where we saw BTC climb 9.44 per cent from its initial valuation. Global exchanges like CoinMarketCap The world’s most popular cryptocurrency is valued at over $57,456 (approximately Rs 43.09 lakh). Most of the other popular cryptocurrencies seem to have stabilized over the past 24 hours. After two weeks of volatility, the ground has been set for the bitcoin bulls to move beyond the $60,000 (approx Rs 44.99) mark.

ether It has also improved its valuation, up 10.89 percent since Monday, and a 5.31 percent increase over the past 24 hours. While the second most popular cryptocurrency is currently priced at $4,603.6 (approximately Rs 3.45 lakh) on Coinswitch Kuber, global exchanges have priced the crypto marginally at $4,490 (approximately Rs 3.36 lakh), where the coin has improved by 3.95 per cent. Has happened. last 24 hours. Gadgets 360 cryptocurrency price tracker The Ethereum-based coin looks on track to bounce back to new highs after Friday’s momentum bump, as global markets pushed all riskier assets to the downside. The past week has seen the value of Ether rise by 9.2 percent, marking a strong end to the month.

“Cryptocurrency market has shown a bullish rally over the past 24 hours. BTC traded close to the $59,000 (approximately Rs 44.22 lakh) mark before facing a minor pullback. Most altcoins also turned marginally lower after the initial rally. The coming 24 hours is likely to be a range bound session for the cryptocurrency spectrum,” says Edul Patel, CEO and co-founder of AI-powered crypto investment platform, Mudrex.

But it’s not just taking advantage of bitcoin and ether alone. cardano, tie rope, chain link, Wave, polka dot, polygon, And litecoin All have increased in value by at least 2 percent in the past 24 hours, with Polygon being the biggest beneficiary, up 12.6 percent.

meme coins dogecoin And Shiba Inu Made a big profit. Dogecoin is currently trading up 10.07 per cent at $0.22 (approximately Rs.16.82), while Shiba Inu is trading at $0.000046 (approximately Rs.0.003446), up 17.56 per cent in the last 24 hours.

According to CoinGecko, the week started on a positive note as the overall crypto market cap on Monday saw an increase of 9.1 percent. A needed boost after a brutal sell-off on Friday saw investors fleeing a range of riskier assets, including cryptocurrencies Bitcoin Posting my worst day in almost two months. The drubbing came after the announcement of a new coronavirus variant called ‘Omicron’, which was identified in southern Africa and which experts are now trying to decipher.

Speaking of the new coronavirus variant, an Ethereum-based cryptocurrency named “Omicron” has increased in value by 945 percent after the World Health Organization (WHO) named the new COVID-19 variant as “Omicron”. The coin first came into existence in November and appears to have grown for no reason other than the newly named coronavirus strain. in present, omicron crypto tokenAccording to CoinMarketCap, which is represented by the abbreviation OMIC, is currently trading at $213.10 (approximately Rs.15,964).

Meanwhile, in the world of crypto assets, AMC Theaters and Sony Pictures have decided to Reward non-fungible tokens (NFTs) For those who buy or reserve tickets in advance for the opening days of Spider-Man: No Way Home. 86,000 NFTs will be made available to AMC Stubbs Premiere, A-List, and Investor Connect members, the first time any theater chain has partnered with a notable studio to offer. NFT,


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting Founder Alok Jain of classGadgets 360 Podcast. available on orbital Apple Podcasts, google podcasts, Spotify, amazon music And wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, business advice or any kind of advice or recommendation given or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.

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