Bitcoin battled the drop led by new COVID-19 variant news on Friday to mark a very strong start to the week. Bitcoin is currently worth $58,903 (about Rs 44.18) on Indian exchange CoinSwitch Kuber, up 1.47% after a steady trading day on Monday where we saw BTC up 9.44% relative to the opening price. Global exchanges like CoinMarketCap value the world’s most popular cryptocurrency higher at $57,456 (about Rs. 43.09 lakh). Most other popular cryptocurrencies appear to have stabilized in the past 24 hours. The base seems set for Bitcoin bulls to break through the $60,000 mark (about Rs 44.99) after two volatile weeks.
Ether has also improved its valuation, up 10.89 percent through Monday and marking a 5.31 percent gain over the past 24 hours. While the second most popular cryptocurrency is currently priced at $4,603.6 (about Rs 3.45 last 24 hours. Gadgets 360’s) Cryptocurrency price tracker revealed that the Ethereum-based coin looks set to be back on track to scale new highs, following Friday’s acceleration as global markets pushed all risk assets to lows. The past week has seen the value of Ether increase by 9.2% in value to mark a good end to the month.
“The crypto market has shown a rapid sprint over the past 24 hours. BTC inched closer to the $59,000 mark (approximately Rs 44.22 lakh) before facing a minor retracement. Most altcoins are down slightly after their initial rally, said Edul Patel, CEO and co-founder of AI-based crypto investment platform, Mudrex, on the 24th.
But it’s not just Bitcoin and Ether that enjoy the profits. Cardano, Tether, Chain link, Ripple, Polkadot, Polygon, and Litecoin all have increased in value over the past 24 hours by at least 2 percent, with Polygon being the biggest gainer with 12.6 percent growth.
Coin Meme Dogecoin and Shiba Inu also made great profits. Dogecoin is currently trading at $0.22 (approximately Rs 16.82), up 10.07% while Shiba Inu is even better valued at $0.000046 (approximately 0.003446) Rs), up 17.56% in the last 24 hours.
The week has started on a positive note as Monday saw a 9.1% increase in total crypto market capitalization, according to CoinGecko. A needed boost after a brutal sell-off on Friday saw investors flee some riskier assets, including cryptocurrencies, with Bitcoin posted its worst day in about two months. The outbreak comes after the announcement of a new coronavirus variant called ‘Omicron’ that has been identified in southern Africa and experts are now trying to find out.
Speaking of the new coronavirus variant, an Ethereum-based cryptocurrency called “Omicron” has increased by 945% in value after the World Health Organization (WHO) named the new COVID-19 variant “Omicron”. “. The token appeared earlier in November and appears to have increased for no other reason than the newly named coronavirus strain. Present, Cryptocurrency token Omicron, represented by the acronym OMIC, is currently trading at $213.10 (about Rs. 15,964), according to CoinMarketCap.
Meanwhile, in the crypto-asset world, AMC Theater and Sony Pictures have decided reward non-fungible tokens (NFTs) for those who pre-purchase or reserve their opening day tickets for Spider-Man: No Way Home. Up to 86,000 NFTs will be made available to AMC Stubs Premiere, A-List and Investor Connect members in the first time the theater chain has partnered with a notable studio to deliver NFT.
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