MUMBAI: Cryptocurrency prices rose from the bottom today on the back of a slump in global markets. The rise in the global dollar index and the fall in gold prices were having an impact on the crypto market.
News of rising inflation in the US also weighed on the market, market sources said. Large cap bitcoin prices rose from 8 44,200 today to 8 45,845 to 8 45,846.
Bitcoin traded at 1.03 billion today, with a market cap of 7 857 to 8 858 billion. Meanwhile, according to the chairman of the Central Bank of Mexico, Bitcoin is not a form of money but a form of barter. The statement was widely discussed in the global crypto market today.
Meanwhile, as Bitcoin soared from the bottom, the prices of Midcap Ether and Small Cap XRP also rose again today. Ether prices were at a low of 31 3,150 to 5 3,151 today and a high of 43 3,343 to 44 3,344. Ether had a trading volume of 1. 1.30 billion.
There were more deals in Ether and XRP today than in Bitcoin. The XRP had a trading volume of 4.43 billion. Ether had a market cap of 9 389 billion to 0 390 billion. XRP prices were at a low of 103 to 104 cents today and then rose to 111 to 112 from a high of 110 to 111 cents.
The market cap of XRP, which had fallen from Rs 105 billion to Rs 109 billion, has risen again to ડો 109 billion, market sources said. Europe has decided to reduce bond buying, and market players are now keeping a close eye on the US Federal Reserve's approach to the issue.
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