The price of the world’s largest cryptocurrency, BitCoin, has seen a rise again today. The latest BitCoin price reached $47,550 on Tuesday morning. The price of bitcoin has increased by 17% in the past week. During this time people investing are earning huge profits. Despite this uptrend, the latest prices are still 30 per cent lower than their all-time highs. Apart from bitcoin, there has been a jump in the prices of other cryptocurrencies.
Apart from BitCoin, the price of Ether saw a jump of 2% today. After which the price of one ether became $3,388. The market cap of the world’s second largest cryptocurrency has also seen an increase. On the other hand, the price of DogeCoin has seen a drop of 1%. While good news also came for the investors of Shiba Inu. The price of this cryptocurrency saw a 5% increase today.
During the last 24 hours, the prices of cryptocurrencies like Polygon, LiteCoin, Stellar, Terra, Cardano have also seen a jump. According to CoinGecko, the market cap of cryptocurrencies has also seen an increase of 2% during this period. According to the latest data, the market cap of cryptocurrencies has increased to $2.23 trillion.
Raj Karkara of ZebPay says, “After a long wait, bitcoin prices are at their highest level in the last three years. A large number of countries are showing a positive approach towards regulating cryptocurrencies. According to many experts, this is just the beginning of a big boom. Now time will tell who is right to what extent.