Lagatar24 Desk
Mumbai, Jan 5: Following a string of losses, Bitcoin experienced a minor uptick on Wednesday, January 5. On Indian market CoinSwitch Kuber, the world’s oldest cryptocurrency rose 0.10 percent, raising its trading value to $49,875 (approximately Rs. 37.1 lakh).
The last time Bitcoin’s value reached $52,000 was in the final week of December 2021. (roughly Rs. 38.7 lakh). Bitcoin has gained up to 0.53 percent on international markets such as CoinMarketCap and Binance, increasing its trading value to over $46,433. (roughly Rs. 34.6 lakh).
On Wednesday, the value of Ether increased by 1.45%. Each Ether coin is presently trading at $4,092 according to the Gadgets 360 crypto price tracker (roughly Rs. 3 lakh). Around Christmas 2021, ether prices have also surpassed the $4,200 (approximately Rs. 31.2 lakh) barrier.
Other altcoins benefited from the market shift, which saw advances in the top two cryptocurrencies.
Today’s gainers include Cardano, Polygon, Uniswap, Chainlink, and Litecoin.
USD Coin, Ripple, Polkadot, Dogecoin, and Shiba Inu, on the other hand, failed to acquire traction.
In recent months, the cryptocurrency market has remained relatively stable, with no dramatic surges or drops. Experts in the sector think this is a good thing.
According to them, Bitcoin might reach a value of $100,000 (approximately Rs. 74 lakh) by mid-2022.
Nayib Bukele, the 40-year-old President of El Salvador in Central America, recently made a similar prediction about Bitcoin’s rise. In September 2021, Bukele made Bitcoin a legal tender in his country.
