Bitcoin jumped 35 3,500 to 42 42,000

Cryptocurrencies bounced to a two-month high

Trading volume rises as buying increases: Decentralized crypto exchanges set to launch soon

MUMBAI: The world market for cryptocurrencies saw a sharp rise in prices on the last day of the month today. Bitcoin prices jumped above 42 42,000, hitting a new two-month high. Prices have risen 15 to 20 percent this week.

The buying volume in the cryptocurrency market today increased the trading volume. As the market price is moving above the 50-day moving average, the price falls slightly or immediately enters a new buying market, world market experts said.

Meanwhile, there was talk in the market today that a platform is being set up in India to launch decentralized exchanges in terms of cryptocurrencies. Market bidder Bitcoin today traded at a low of 38 38864 to 8 38865 after a sharp jump from a high of 35 42351 to 35 42352 to 14 41,425 to 14 41,426.

Bitcoin increased its trading volume from થી 28 to બ 29 billion to થી 35 billion to 36 36 billion today, and its market capitalization from 72 729 to 30 730 billion to 77 777 to 8 778 billion today, market analysts said. The impact of the dollar's rise against various major currencies in the world market was also felt in the market today.

Meanwhile, other cryptocurrencies also rose today in the wake of Bitcoin. Mid-cap ether prices were at 23 2335 to 3 2336 at the low and 24 2481 to 8 2482 at the high of 24 2447 to 2448 today. Ether traded at 22 22-23 billion and the market cap rose from 27 274 billion to 5 275 billion to 6 286 billion to 7 287 billion.

Small cap XRP prices were lower at 71 to 72 cents and 76 to 77 cents at 74 to 75 cents. The XRP traded at 3. 3.78 billion today and the market cap jumped from 72 72 to અ 73 billion to 74 74 to આજે 75 billion today, market sources said.