Bitcoin opened Tuesday with a small gain of 2.58 percent, while most cryptocurrencies posted gains, indicating a healthy recovery for these highly speculative digital assets. The trade value of the world’s most popular cryptocurrency is $23,071 (roughly 18.8 lakh). In the last 24 hours, BTC has grown in value by $355 (roughly Rs. 28,990) on both domestic and international exchanges. As the top crypto rallies with gains, most cryptocurrencies have emerged from their respective dips as the recovery from last year’s crypto meltdown continues.
ether rose 1.20 percent in value on Tuesday. The second-highest cryptocurrency trades at $1,638 (roughly 1.33 lakh), according to Gadgets 360 Crypto price tracker.
stablecoins such as tether, USD coin, rippleand Binance USD further up the crypto ladder next door Cardano, Solana, polygonand Speckle also posted gains on Tuesday.
Both memecoins — Dogecoins and Shiba Inu continued their winning streak. A Nansen report recently claimed that Shiba Inu priced at $0.000012 (approximately Rs. 0.000991) is the top choice for entry-level investors. Meanwhile, Dogecoin is currently priced at $0.090 (roughly Rs.7.32).
Litecoin, avalanche, Tron, Uniswapand Wrapped Bitcoin and other altcoins saw an increase in value.
In the last 24 hours, the total crypto market capitalization increased by 1.33 percent to the valuation of $1.06 trillion (approximately Rs. 86.42.933 billion). CoinMarketCap.
“On token-specific measures, SOL continues to enjoy strong gains (up >20 percent) after the big post-time price drop. FTX fallout. The recent pump can be attributed to Electric Capital’s developer report highlighting the builder strength of the Solana ecosystem. Crucially, BTC and ETH are trading around crucial support levels despite Genesis filing for bankruptcy and tech giants like Google and Microsoft announcing mass layoffs. The strongest gains last week were seen in Metaverse-themed tokens MANA (up 60%) and SAND (up 33%) following the announcement that Apple will release a VR/AR headset this spring,” said Parth Chaturvedi , Crypto Ecosystem Lead, CoinSwitch told Gadgets 360.
A few altcoins posted losses on Tuesday, including cosmos, Near the log, EOS coin, Zcashand Kishu Inu.
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