Bitcoin gained momentum after several days, prices jumped by 10%, know the condition of the rest of the cryptocurrency

Thursday has started with good signs in the crypto market. Several cryptocurrencies have made it to the green chart. Bitcoin, the world’s most popular and oldest cryptocurrency, started trading at a price point of $ 23,812 (about Rs 19 lakh). According to the Indian exchange Coinswitch Kuber, the value of BTC has increased by 6.40 percent. BTC has registered an astonishing 10% profit on global exchanges. According to Binance and CoinMarketCap, the price of BTC has risen to $23,146 (approximately Rs.18.40 lakh). Significantly, till the month of June, BTC prices were hovering around $19,000 (about Rs 15 lakh).

Ether, the world’s second most popular cryptocurrency, has registered profits just like bitcoin. Ether has seen gains of over 9 percent. According to Gadgets 360’s crypto price tracker, ETH is currently trading at $1,687 (roughly Rs.

Like these two cryptocurrencies, Binance Coin, Ripple, Cardano, Solana and Polkadot have also made profits. Popular dodgecoin and shiba inu in the form of mime coins have seen price increases, while several cryptocurrencies including Avalanche, Uniswap, Litecoin and Chainlink are seeing profits.

While Tether, USD coin and Flex have seen losses, most cryptocurrencies are performing in the green charts. After a small drop, the overall valuation of the crypto market has again crossed the trillion-dollar mark. According to CoinMarketCap, the crypto industry currently has a market cap of $1.060 trillion (approximately Rs.84,56,922 crore).

Despite the ongoing volatility in the market, the adoption of the digital assets sector is increasing rapidly. For example, the US Senate is considering a tax exemption on crypto transactions worth less than $50 (about Rs 4,000). A new bill emphasizing this change has been pushed for approval. The bill aims to promote the daily use of crypto assets as a mode of payment. On the other hand, fintech brands such as Fomo Pay from Singapore are also looking to use cryptocurrencies to accelerate online payment services.

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