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After the fall in the price of bitcoin, now it has increased again. There has been a steady rise in prices. Bitcoin, the largest currency by market capitalization, crossed the $50,000 mark on Monday for the first time in three months. The price of bitcoin went up to $ 50,152.24. This is its highest level since mid-May. Bitcoin has recovered after trading between $30,000-40,000 for several weeks.
The price of bitcoin fell from a record high of $65,000 in April. According to CoinDesk, the price of Ether linked to the ethereum blockchain increased to $3,321. It is the second-largest cryptocurrency after bitcoin. Dogecoin gained 1 percent and was trading at $ 0.32.
Stellar, XRP, Cardano, and Litecoin also gained momentum
Apart from this, Stellar, XRP, Cardano, and Litecoin have also gained momentum. The crypto market had fallen significantly a few weeks ago due to China tightening the mining of bitcoin and banning the trading of cryptocurrencies. However, this was followed by a recovery in bitcoin from positive tweets from Tesla founder Elon Musk and Kathy Wood of Arc Investment Management.
The total market value of cryptocurrencies has reached about $ 2.17 trillion. It is also expected to increase by 18 percent in Cardano and 11 percent in Binance Coin in the last few days.
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According to the coinmarketcap.com index, know the rates of the world’s 10 largest cryptocurrencies till 11 am-
Bitcoin – Price increased by 2.88 percent to $5,0409.16.
Ethereum – Price rose 3.55 percent to $3346.78.
Cardano – Price up 11.60 percent to $2.80.
Binance Coin – Price up 7.37 percent to $482.80.
Tether – Price rose 0.03 percent to $1.00.
XRP – Price rose 1.71 percent to $1.25.
Dogecoin – Price rose 2.17 percent to $0.3229.
Polka Dot – Price increased by 3.52 percent to $28.57.
USD Coin – Price rose 0.03 percent to $1.00.
Solana – The price fell 0.67 percent to $ 74.21.
Uniswap – Price increased by 3.09 percent to $29.46.