Cryptocurrency: A four percent rise is seen in Ethereum, while a two percent rise is seen in Bitcoin. A five percent increase was seen in Polkadot cryptocurrency. There were slight declines in BNB, Avalanche, and Shibu Inu Crypto.
Due to the increase in volume, the cryptocurrency market has been able to maintain its gains during the last 24 hours. A bitcoin price of over 24000 dollars was traded on Tuesday. Despite the risks associated with crypto, people are still investing in it, as evidenced by bitcoin’s boom.
There has been a boom in the crypto market over the last four days. The rally seen in the market is proof that crypto investors are anticipating an end to speculations of a market slowdown and an end to inflation soon.
Ethereum gained four percent on Friday, while bitcoin gained two percent. A five percent increase was seen in Polkadot’s cryptocurrency. The prices of BNB, Avalanche, and Shibu Inu Crypto declined slightly.
During the past 24 hours, the total market cap of the cryptocurrency market increased by 2% to USD 1.13 trillion. In addition, the total trading volume in the market increased by 80 percent to close to $76.14 billion during this period.
Cryptocurrency: What’s going on in India’s crypto market?
In a statement, Binance announced that it has terminated its off-chain fund transfer service with WazirX, a private crypto exchange in India. During its proceedings in a money laundering case against WazirX, the Indian investigative agency Enforcement Directorate raised questions about such transactions.
A director of WazirX’s company Zanmai Labs has recently been taken to task by the ED for freezing their bank accounts in which Rs 64.67 crore is deposited.