Ether continues to rise, but bitcoin ‘sluggish’ at $ 50 thousand mark

The CEOs of six major crypto companies shared their opinion on regulation with the US House Financial Services Committee. The 24 hours after that have not been good for bitcoin. Bitcoin is trading at $52,871 (about Rs 39.92 lakh) on Indian exchange Coinswitch Kuber, down 1.19 percent in the last 24 hours. Bitcoin’s valuation has fallen 12.7 percent in the past week. Global exchanges such as CoinMarketCap have also seen the world’s most popular cryptocurrency drop by 0.78 percent. There bitcoin is at $ 49,869 (about Rs 37.65 lakh).

in crypto market bitcoin Most of the major altcoins have seen a shift in focus amid the dominance of in the last 24 hours ether Valuation has increased by 1.25 percent. The world’s second most popular cryptocurrency is recovering better from the Black Friday crash than Bitcoin. At the time of writing this, the value of Ether on Coinswitch Kuber was $4,663 (approximately Rs.3.52 lakh). At the same time, global exchanges valued this second largest cryptocurrency at $ 4,392 (about Rs 3.31 lakh). In this way Ether has increased by 1.65 percent in the last 24 hours.

Gadgets 360 cryptocurrency price tracker This shows that the overall market is trading flat. Despite this, some other popular altcoins have seen gains in the last 24 hours.

Tether, Polkadot And Stellar While there was a general decline in the value of Polygon, Cardano And ripple were among the top gainers of the day.

Speaking of meme coins, dodgecoin saw a decline of 0.49 percent in the last 24 hours and is currently valued at $0.19 (approximately Rs.14.29). Shiba Inu With a fall of 1.3 percent, it has come down to $ 0.000037 (about Rs 0.002759).

Over the past few years, banks have started showing a positive attitude towards crypto. Banks in many countries have started offering investments in crypto in some form or the other. However, Thailand’s central bank has said that it does not want commercial banks to be directly involved in crypto trading.

Meanwhile, Visa, the world’s largest payment processor, has launched a global crypto advisory service for banks and merchants. Under this service, Visa will educate its clients i.e. institutions about cryptocurrencies. Clients will be able to use Visa’s payment processor network to provide offers related to digital currency. Not only this, Visa will also help in managing the backend operations.

A global study conducted by Visa has shown that around 40 percent of crypto owners may leave their primary bank in the next 12 months to move in with them, which will offer them crypto related products.

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