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New Delhi: Top cryptocurrencies were trading up to 7 per cent higher in Wednesday’s trade, with Polkadot and Cardano leading the gainers in the last 24 hours.
Bitcoin, the largest crypto by market value, was trading 1.07 per cent higher at $42,366. It is up 3.58 per cent in the last seven sessions. Ethereum edged 0.3 per cent higher at $2,978.58. The second largest cryptocurrency by market value has risen 11 per cent in the last one week.
BNB added 0.72 per cent, USD Coin gain ..
Avalanche tanked 4.7 per cent to $84.45. Solara rose 0.7 per cent; Dogecoin added 1.11 per cent and Shibu Inu added 0.42 per cent.
The global cryptocurrency market cap was at $1.92 trillion, up 1.36 per cent in the last 24 hours. Total cryptocurrency trading volumes rose 8.53 per cent to $99.96 billion, as per Coinmarketcap.
El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to wait for favorable conditions in the financial market, Finance Minister Alejandro Zelaya said on Tuesday.
Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming “accomplices ..
Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin, but he has repeatedly favoured the latter in interviews and posts on social media
Will Dogecoin go up after Tesla?Dogecoin value soars after Elon Musk says it will be accepted for Tesla goods. Dogecoin rose to $0.20 after Musk’s tweet early on Friday, and has soared by 5,859% over the past 12 months, according to data from the Coinbase website.
Dogecoin is an “inflationary coin,” while cryptocurrencies like Bitcoin are deflationary because there’s a ceiling on the number of coins that will be created.