Lagatar24 Desk
Mumbai, Nov.30: Bitcoin battled the new COVID-19 variation news-driven drop on Friday, marking a good start to the week. On Indian platform CoinSwitch Kuber, Bitcoin is currently valued at $58,903 (approximately Rs. 44.18 lakh), up 1.47 percent after a stable day of trading on Monday, when BTC rose 9.44 percent from its opening value.
The world’s most popular cryptocurrency is now valued at $57,456 on global exchanges like CoinMarketCap (roughly Rs. 43.09 lakh). In the last 24 hours, most of the other popular cryptocurrencies appear to have stabilised. After a tumultuous two weeks, the foundation appears to be in place for Bitcoin bulls to surge above the $60,000 (approximately Rs. 44.99) milestone.
Ether’s value has risen as well, with a 10.89 percent gain through Monday and a 5.31 percent gain in the last 24 hours. On CoinSwitch Kuber, the second-most-popular cryptocurrency is presently valued at $4,603.6 (approximately Rs. 3.45 lakh), whereas on global exchanges, the coin is valued at $4,490 (about Rs. 3.36 lakh), up 3.95 percent in the last 24 hours.
Following Friday’s speed bump as global markets pulled all risk assets to the downside, Gadgets 360’s cryptocurrency price tracker shows that the Ethereum-based coin appears to be back on pace to scale new highs. Ether’s value has increased by 9.2 percent in the last week, marking a good close to the month.
Cardano, Tether, Chainlink, Ripple, Polkadot, Polygon, and Litecoin have all increased in value by at least 2% in the last 24 hours, with Polygon seeing the most growth at 12.6 percent.
Dogecoin and Shiba Inu also saw significant gains. Shiba Inu is presently valued at $0.000046 (approximately Rs. 0.003446), up 17.56 percent in the last 24 hours. Dogecoin is currently trading at $0.22 (about Rs. 16.82), up 10.07 percent.
According to CoinGecko, the global crypto market cap rose 9.1 percent on Monday, kicking out the week on a good note. Following a violent selloff on Friday, investors fled a range of risky assets, including cryptocurrencies, with Bitcoin experiencing its worst day in over two months.
The thrashing came after the discovery of a novel coronavirus type known as ‘Omicron’ in southern Africa, which specialists are still attempting to figure out.
In the case of the new coronavirus variant, the value of an Ethereum-based cryptocurrency called “Omicron” has increased by 945 percent after the World Health Organization (WHO) designated it “Omicron.” The token was created in November and appears to have risen solely as a result of the newly recognised coronavirus strain. According to CoinMarketCap, the Omicron crypto currency, which goes by the abbreviation OMIC, is currently trading at $213.10 (approximately Rs. 15,964).
