Rapid boom in the cryptocurrency market
The price of ether went above 46 4600
MUMBAI: The cryptocurrency market rallied today. Gold and cryptocurrencies in the form of safe haven buying have seen a surge in the global outbreak of the new virus Omicron, market sources said. However, there was news that the global dollar index fell sharply from a high.
Meanwhile, there were indications that South Korea had decided to postpone the implementation of a proposal to impose a tax on cryptocurrencies for one year. Bitcoin traded lower today at 55 55,948 and higher at 58 58,891, with prices ranging from 46 58,462 to 4 58,463.
Bitcoin's market cap has risen from 10 1,090 billion to 11 1,100 billion due to rising prices, market sources said. Bitcoin traded between 30 1.30 billion and 35 1.35 billion today. Meanwhile, ether prices in midcap crypto today were at a low of 4 4307 and a high of 4677 to 4664 to 4665 dollars.
Ether traded between 1.50 billion and 5 1.55 billion today, with market caps rising from 17 517 billion to 18 518 billion to 8 548 billion to 9 549 billion. Market players were now keeping an eye on what controls and restrictions are being imposed by the government on crypto in India.
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