On Gadget360’s crypto price tracker Ether There was a loss of 0.69 percent. Its price was around $2,463. There was a rise in the price of Ether on international exchanges. It was trading at around $2,664, up more than 1.20 percent. The prices of Avalanche, Tether, Binance Coin, USD Coin, Ripple, Cardano and Tron have increased. The cryptocurrencies that suffered losses included Polkadot, Bitcoin Cash, Litecoin, Near Protocol, Chainlink and Polygon. The market capitalization of crypto was up more than two percent to around $2.66 trillion in the past one day.
The markets desk at crypto app CoinSwitch told Gadgets360, “Bulls are showing their strength and Bitcoin’s share in this market has increased to 56 percent. This has happened due to the indication of lifting of the ban on Bitcoin and other cryptocurrencies in China. Apart from this, some strength in the US dollar against the Japanese Yen has also increased the enthusiasm in the market.”
In the first half of the current year, the capitalization of the international cryptocurrency market grew by about 44 percent to $720 billion. The launch of Bitcoin ETFs earlier this year has accelerated the growth of this segment. According to a report by crypto exchange Binance, Bitcoin has registered growth between January and June this year. The main reasons behind this are the launch of Bitcoin ETF and the fourth halving of its network. The value of the second largest cryptocurrency Ether has also increased rapidly. About $17 billion has been invested in Bitcoin ETFs in the US. The average trading per day in these ETFs is about $2.3 billion. This year, Bitcoin made its new high level after almost three years. Its price reached more than $73,737 in March. However, it has declined for the last few months.
