Top Cryptocurrency Prices Today: Bitcoin, Binance coin, Dogecoin add 2%
New Delhi: The major cryptocurrencies lacked strong action on Monday after rising sharply over the weekend. However, most of them traded in the red as investors remain cautious.
Six of the top 10 cryptocurrencies were down at 9.30 am. Bitcoin and Binance Coin were the main coins that maintained their gains, while Solana and Cardano each lost 2%.
The global crypto market has grown marginally over the past day, hovering near $2.5 trillion. However, the total volume of the crypto market declined by 4% to $87.71 billion.
Mudrex CEO and co-founder Edul Patel said that the consolidation of bitcoin over the past few days has given investors anticipation of a move higher, as BTC crossed the $62,000 mark in the past 24 hours.
“The rest of the cryptocurrency market remains cautious about movements in BTC and ETH. The cryptocurrency spectrum is likely to be volatile over the next 24 hours,” he added.
Over the weekend, the U.S. The Securities and Exchange Commission announced the first U.S. approved exchange-traded futures fund. This is a turning point for crypto, said the CoinDCX research team.
“Other virtual currencies have also responded positively, with Ethereum reaching nearly $4,000 and Solana trading green over the weekend. The launch of the Bitcoin Futures ETF will open up crypto to a wider investor base, especially for crypto start-ups. Want to enter the crypto market., say.
Cryptocurrency is waiting to explode in India, and Ashish Singhal, co-founder and CEO of major cryptocurrency exchange CoinSwitch Kuber, aims to track at least 50 million users in India over the next two years, educating them about cryptocurrencies. And to help them build wealth.
In hundreds of India’s small cities and towns, a generation that has hardly had any experience with stocks and bonds is heading straight for Bitcoin, Ethereum, Cardano and Solana. The average age of the 11 million users of CoinSwitch Kuber, a cryptocurrency trading app that didn’t exist 18 months ago, is 25, and 55% of them are from outside large metropolises like New Delhi or Mumbai.