Bitcoin's shock-absorbing price bounced back to close to હજાર 62,000

Smallcap Shibainu prices rose 200 per cent in seven days and 1,200 per cent in three months

MUMBAI: Cryptocurrency market rebounded 4 to 5 per cent today on the back of declining prices. In the US, GDP figures have been weak, while unemployment claims have dropped by 10,000 to 2.81 lakh.

This had an impact on the cryptocurrency market. World gold prices rose to over 18 1,800 an ounce. Meanwhile, bitcoin prices were at ઝડપી 61,802 to 80 61,803, with a sharp rebound after a low of 58 58,179 to 1 58,180.

Bitcoin traded at 1.75 billion today, and the market cap of Bitcoin, which fell to 11 1120 billion due to rising prices, rose to 11 1160 billion today. Shibainu, meanwhile, jumped 70 to 75 percent in 24 hours. Prices jumped to 00 0.00008 and the market cap rose to 50 50 billion.

Shibain's market cap is now higher than that of Alan Musk's dogecoin. Shibainu has a higher market cap than many bluechip stocks in India. Discussions on Shibainu's listing on the Robinhood Exchange in the US have seen prices soar, with prices rising 200 per cent in seven days and 1,200 per cent in three months.