Before Holi, there has been a jump in the prices of Cryptocurrency. This has greatly benefited crypto-investors. However, Bitcoin is still far behind the record value.
The price of crypto is still very low
Cryptocurrency investors have benefited a lot before Holi. There has been a jump in the prices of Bitcoin and other Cryptocurrency. The digital currency bitcoin saw a growth of 2%. Till now the value of Cryptocurrency was decreasing continuously.
Bitcoin was trading at $ 41,028 with a growth of two percent. This popular cryptocurrency has seen a down of 11% in the year 2022. However, it is still far behind from its all-time record high of $69,000.
This record high value was seen in November last year. On the other hand, the price of Ether based on the Ethereum blockchain also saw a significant jump. Ether registered a growth of 5%. Its price increased to $ 2768.
There has also been a jump in the price of Dogecoin. The price of Dogecoin increased to $ 0.11 after 2% growth. A similar jump was seen in the price of Shiba Inu. Other digital tokens like Polygon, Litecoin, Stellar, Uniswap, Solana, Polygon, Polkadot, Cardano have also seen a jump in the last 24 hours.
However, the price of Terra has seen a drop. Global cryptocurrency market capitalization increased but also remained below the 2 trillion mark. It touched the 1.91 trillion mark. According to CoinGecko, a change of 4 percent was seen in the last 24 hours.
The popularity of Cryptocurrencies has increased a lot in the recent times. Many people are investing in this in India too. However, the government has announced the imposition of tax on it.
