Business & Investment

Bitcoin Prices Today: The Best Cryptocurrency Prices Today: Bitcoin reaches $ 50,000.Ethereum, Binance coins jump up to 8%

New Delhi: Tuesday’s crypto market returned green as investors chose low-priced, high-quality tokens. Bitcoin Concerns about Omicron variants have been eased around the world, with investors accumulating more risky assets, recording $ 50,000.

With the exception of the dollar peg USD coin, the other nine of the top ten digital tokens were all trading high at 9.30IST. Binance Coin led the rise with an 8% rise, followed by Ethereum and Cardano with a 5% rise each.

The market capitalization of the world’s cryptocurrencies has risen by about 5% compared to the previous day to $ 2.37 trillion. Meanwhile, the total crypto market volume increased 14% to $ 137.77 billion.

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new Cryptocurrency bill Allow regulatory agencies and government agencies such as the Reserve Bank of India (Sebi), Reserve Bank of India (RBI), and tax departments to scrutinize investor Know Your Customer (KYC) data collected by crypto exchanges from clients. intend to do something.

In India, apps like Robin Hood could emerge in the coming years if cryptocurrencies are classified as an asset class. Robinhood, listed on Nasdaq, is a mobile app that allows users to trade stocks, exchange traded funds, and cryptocurrencies without fees. There are similar “discount brokers” in India, but none currently allow trading in cryptocurrencies.

Expert opinion
Since the start of the week with a weak start, Bitcoin prices have recovered slightly, raising other top cryptocurrencies like Ethereum and Binance Coin, CoinDCX research team said.

“Especially with the global spread of Omicron, the International Monetary Fund (IMF) expects pandemic developments to further impede the growth and recovery of the global economy,” he added. “Gold prices are rising as investors hedge traditional safe haven metals due to pandemics and the dark outlook for the economy.”

Global update
This month, the Bitcoin mining business will begin northeast of Niagara Falls at the site of the last operating coal-fired power plant in New York State.

Throughout the state, Massena’s former aluminum plant, already one of the largest cryptocurrency sites in the United States, is expanding.

TechView by Giottus Cryptocurrency Exchange
Probably the most popular layer 2 blockchain in the crypto market, Polygon (MATIC) has been quite up and running lately. It already supports other major crypto projects such as Aave (thanks to cheap rates and fast payment times) and is worth after implementing Miden, a zero-knowledge (ZK) rollup solution that helps extend the Polygon Network. Soared.

Despite the weekend crypto market plunge, it continues to trade above $ 2.2, showing signs of further strength and a better rise.

ET contributor

MATIC fixed it to $ 1.57 in a short crash, but the bullish structure remained and a quick bounce was possible. Now we are facing the same resistance that has recently flipped to support -$ 2.31 and $ 2.4. Its BTC ratio is at the new local highs, but some integration can be expected by either an increase in BTC or a correction from MATIC.

If the fix arrives, the previously well-tested $ 1.97 and $ 1.88 support levels are both based on the recent decline in Fibonacci pulls and should be remedied again. In the medium term, MATIC looks very bullish and may soon set new highs.

Major level
Support: $ 1.97, $ 1.88, $ 1.73

Resistance: $ 2.31, $ 2.4

The time is UTC and the daily time frame is from 12:00 AM to 12:00 PM UTC.

(The views and recommendations in this section are those of the analyst and not those of Please consult your financial adviser before taking a position on the assets mentioned. )

Bitcoin Prices Today: The Best Cryptocurrency Prices Today: Bitcoin reaches $ 50,000.Ethereum, Binance coins jump up to 8% Bitcoin Prices Today: The Best Cryptocurrency Prices Today: Bitcoin reaches $ 50,000.Ethereum, Binance coins jump up to 8%

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