On Gadgets360’s Crypto Price Tracker Ethereum There was a loss of 0.69 percent. Its price was around $2,463. There was a rise in the price of Ether on international exchanges. It was trading at around $2,664, up more than 1.20 percent. The prices of Avalanche, Tether, Binance Coin, USD Coin, Ripple, Cardano and Tron have increased. Cryptocurrencies with losses included Polkadot, Bitcoin Cash, Litecoin, Near Protocol, Chainlink and Polygon. In the last one day, the market capitalization of crypto increased by more than two percent to about $ 2.66 trillion.
The markets desk of crypto app CoinSwitch told Gadgets360, “The bulls are showing their strength and the share of Bitcoin in this market has increased to 56 percent. This has happened due to the indication of lifting the ban on Bitcoin and other cryptocurrencies in China. Apart from this, there is some enthusiasm in the market due to some strengthening of the US dollar against the Japanese yen.
In the first half of the current year, the capitalization of the international cryptocurrency market increased by almost 44 percent to $ 720 billion. The launch of Bitcoin ETFs earlier this year has accelerated the growth of this segment. According to a report by crypto exchange Binance, Bitcoin has registered growth between January and June this year. The main reasons behind this are the launch of Bitcoin ETF and the fourth halving of its network. The value of the second largest cryptocurrency Ether has also increased rapidly. About $17 billion has been invested in Bitcoin ETFs in the US. The average trading volume per day in these ETFs is approximately $2.3 billion. This year, Bitcoin made its new high level after almost three years. Its price reached more than $73,737 in March. However, there has been a decline in the last few months.
