Lagatar24 Desk
New Delhi, Dec. 16: Bitcoin has managed to rise on Thursday, December 16 with major value rises after days of registering slumps. On the Indian platform CoinSwitch Kuber, the world’s oldest cryptocurrency is presently selling at $ 51,190 (approximately Rs. 39 lakh). Bitcoin is currently trading at $48,714 (approximately Rs. 37 lakh) on overseas markets like CoinMarketCap, up 1.15 percent.
Ether’s per token trading value has increased by 2.23 percent to $4,192 (approximately Rs. 3 lakh).
Cardano, Ripple, Polkadot, Polygon, Litecoin, and Uniswap also saw slight price fluctuations.
Dogecoin and Shiba Inu, two rival meme-based dog coins, both lost 2.67 percent of their value, while the latter gained 0.78 percent.
Tether, USD Coin, and Bitcoin Cash all failed to gain traction today, and they all started the day with losses.
In response to growing inflation, the US Federal Reserve recently reduced its COVID stimulus. Fearing a depreciation of the US dollar, investors are flocking to the crypto realm, resulting in a positive shift in market momentum.
Several crypto-related companies in the United States are offering crypto gifting alternatives to their consumers ahead of the Christmas and New Year holidays.
Block, Jack Dorsey’s online payments startup, now offers Bitcoin gifting to its customers.
Users of PayPal and Coinbase can now wrap crypto assets as presents and payments for third parties.
