Bitcoin & Ethereum Prices Are Stable - Bulls Are Holding Solid Support.

Bitcoin & Ethereum Prices Are Stable - Bulls Are Holding Solid Support.

2022-02-06 | Selina Mathew

Bitcoin & Ethereum Prices Are Stable - Bulls Are Holding Solid Support.

Throughout the previous 24 hours, the Bitcoin (BTC) price & worldwide crypto market capitalization increased to $1.90 trillion against $1.83 trillion, whilst trade volumes increased to $90.36 billion from $68.72 billion in February 6.

In the previous 24 hours, decentralized finance (DeFi) contributed 13.44 percent of global crypto trade volume, totaling $12.21 billion. Steady currencies, on the other extreme, contributed 81.35 percent of the cryptocurrency market's 24-hour volume of $73.92 billion.

btc

BTC/USD 1 DAY PRICE CHART - SOURCE: COINMARKETCAP.COM

Today on February 6, Bitcoin's market domination increased slightly to 41.65 percent, with the virtual token selling at $41,555.68. The largest and most well-known cryptocurrency in the globe is up 23.2 percent since the year's low of $32,950.72 on January 24.

In regards to INR, Bitcoin prices increased by more than 9% to Rs 32,33,214, whilst Ethereum prices increased by 9.5 percent to $3,005.17.

ETH

ETH/USD 1 DAY PRICE CHART: SOURCE - COINMARKETCAP.COM

Cardano gained about 6% to $1,13, while Avalanche gained more than 11% to $77.7. Polkadot gained more than 7% in the previous 24 hours to $21.33, while Litecoin gained 6.7 percent to $123.17.

Crypto would not ever be official money, Indian Finance Secretary T V Somanathan declared on Thursday, clarifying the fog on the industry's legitimacy of personal virtual currencies. The 2022-23 Budget clarified the tax of virtual digital assets, proposing a 30% tax on gains generated on such exchanges, as well as exposing cryptocurrency transactions over a certain level to a 1% TDS.

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