Ether retreats against Bitcoin prices: Volume declines

Mixed weather seen in the cryptocurrency market

Bitcoin market cap rises to 15 15 billion: Prices hit between 31 31,000 and 36 36,000 in three weeks

MUMBAI: Cryptocurrencies rose sharply in the global market today. The price of Bitcoin today touched a low of 32 32287 to 28 32288 at one point and then rose again to a high of હજાર 33484 to 48 33485 from ભાવ 33372 to 3 33373.

The Bitcoin market rose 2.80 percent to 2.85 percent today. However, today's trading volume in Bitcoin fell from 27 27 to બ 28 billion to 24 24 to અ 25 billion, indicating that new buying is coming in the market.

The recent trade volume on various crypto exchanges has seen a decline, market insiders said. Experts were pointing out that the liquidity of the currency in the markets is likely to increase as the Chinese government today reduced the reserve ratio for banks. However, as the Central Bank of China issued a warning about Stablecoin, the crypto market was also in a state of turmoil today.

Bitcoin is now denying a significant support level below the 30 30,000 level. Bitcoin prices have hit between 31 31,000 and 36 36,000 since June 21, market sources said. Bond and Treasury yields in the US rose again today after falling.

Unemployment claims have risen there. World dollar players were worried amid speculation that rising government spending would increase government debt. Meanwhile, in other cryptocurrencies today, ether prices were half a per cent softer while XRP prices were up about one and a half per cent.

Ether prices today ranged from 20 2,048 to 49 2,049 and from 2,179 to 80 2,180 to ઉ 2,137 to 3 2,138. Ether had a turnover of 22 22-23 billion today and a market cap of 9 249-250 billion. The market cap in Bitcoin today, however, increased from 10 610 to 11 611 billion to 25 625 to 6 626 billion.