The Cryptocurrency market will once again take a $ 2 trillion market cap as Bitcoin profits

As Bitcoin continues to rise and the likes of Cardano, XP and Dogecon continue to rise, the total market value of cryptocurrencies has risen by more than $ 2 trillion (approximately 1,48,56,860 kroner).

According to CoinGecko, which has more than 8,800 coins, the market value of the cryptocurrency increased by $ 2.06 trillion (approximately 1,53,00,220 kroner) on Saturday. Bitcoin reached $ 48,152 (approximately Rs. 35.7 lakhs) over a 200-day moving average. In India, the price of Bitcoin stands at Rs. 36.53 lakhs from 10 a.m. on August 16.

But Bitcoin was not the only one that expected overall market growth. At 10:30 a.m. IST in Hong Kong, Cardano – now the third-largest cryptocurrency after Bitcoin and Ether – has risen 47 percent in the last seven days. Binance Coin gained 14% during the same period, XRP 61% and Dogecoin 18%, according to CoinGecko price. The price of Ethereum in India was Rs. 2.53 million, the price of cardboard in India was Rs. 160, XRP price in India stands at Rs. 99.57, and the price of Dogecoin in India was Rs. 26 a.m. IST August 16th.

Bitcoin continues to trade above the 200-day moving average

“Bitcoin will continue to move above the required 200-day moving average,” Fundstrat Strategy said in a statement on Friday. Also on our radar is Cardon (ADA), which will launch earlier this week after marking smart contracts.

If the crypto industry has not been able to overcome the changes in the crypto tax reporting rules in the US infrastructure account, there has been a flurry of activity, leaving Tuesday’s law largely uncontrollable for virtual currencies.

“The price of Bitcoin was surprisingly flexible with the rise of the news,” wrote Greg Sepolaro, head of NYDIG Global Research. “We have interpreted this price action as too strong.”

© 2021 Bloomberg LP

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