Lagatar24 Desk
Mumbai, Feb 8: The crypto price charts were brimming with greens, with practically all popular cryptocurrency opening with gains on Tuesday, February 8.
On the Indian platform CoinSwitch Kuber, Bitcoin gained 3.40 percent, bringing its trading value to $46,700 (approximately Rs. 35 lakh). This is the first time in 2022 that Bitcoin prices in India have surpassed the $45,000 (33.5 lakh) barrier.
In international markets, the world’s most valuable cryptocurrency appears to have performed well. BTC opened trading at around $44,069 (around Rs. 33 lakh) on exchanges like CoinMarketCap and Binance, with profits of up to 2.91 percent.
Ether, which accompanied Bitcoin on the upswing, had a 3.08 percent rise. In India, the cryptocurrency is now selling for $3,336 (approximately Rs. 2.5 lakh). The price of ETH is fluctuating at $3,147 on foreign markets (roughly Rs. 2.30 lakh).
The general crypto market has recovered quickly in the second week of February, as predicted by crypto experts at the start of the year.
Tether, Binance Coin, USD Coin, Ripple, and Polkadot all increased their gains for the second day in a row.
For the second day, meme coins DOGE and SHIB continued their ascent up the gain ladder. Dogecoin prices increased by 3.40 percent to $0.18 (approximately Rs. 13.15), while Shiba Inu prices increased by 20 percent to $0.000036 (about Rs. 0.002666).
Meanwhile, the price charts for Solana, Binance USD, and Baby Doge Coin all showed small decreases.
Market volatility that affects the crypto sector is expected to lessen over time, according to industry experts.
