Crypto market in the green, Bitcoin price over USD 66,610. Indian Updates

Bitcoin, the largest cryptocurrency by market value, rose 0.93 percent on Thursday. It cost $66,615. In the last one day, the value of Bitcoin has increased by about $468. On international exchange it was around $70,530. Apart from this, the prices of several other cryptocurrencies have increased.

Ether has increased by 5.35%. It cost a little over $3,350. Its price has increased by around $165 in the last one day. The prices of Avalanche, Tether, Binance Coin and Cronos have also increased. Among the cryptocurrencies that declined were Solana, Ripple, Cardano and Polkadot. In the last day Crypto India’s market capitalization rose about 1.36 percent to $2.63 trillion.

The market desk at crypto app CoinDCX told Gadgets360 that “Crypto markets were volatile last day due to unexpected US CPI data. Ether is trading in a range and is expected to cross the $3,650 level.” ” Only later can momentum come.” “Bitcoin is gaining ground after some losses. He has built up a new foundation of around $70,000. There is a strong resistance near it at $74,000,” said the market desk of CoinSwitch, another crypto app.

Laws are being made for this segment in the country. However, the central government continues to have a strict attitude towards cryptocurrencies. Recently, Finance Minister Nirmala Sitharaman said that cryptocurrencies are not considered or seen as ‘currency’ in the country. Asked about the change in the government’s attitude towards the segment after the boom in the crypto market, Seetha Raman said, “The government has always believed that the assets built on crypto are assets for trading and many other things. should be used as such.” To be used as currency. We have not regulated them. They cannot be currencies and that is the position of the central government.” In the US Bitcoin The crypto market saw a boom after spot ETFs received approval from the securities regulator. Earlier, capital market regulator SEBI had said that a large number of investors may move from the stock market to the crypto segment due to ease of transactions.