Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bmw1 on June 28, 2021, 06:57:20 PM
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NEW DELHI: Major cryptocurrencies were trading with mild gains on Monday. Crypto traders turned cautious over valuations of digital tokens, following volatility in the previous session. Seven out of top 10 digital tokens were trading with gains at 9.30 hours IST, led by Ethereum.
Britain's watchdog Financial Conduct Authority (FCA) ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, saying the firm lacked authorization. The exchange would not be allowed to undertake any regulated activities without the prior written consent of the FCA.
Mexican billionaire Ricardo Salinas Pliego said his banking business may begin using Bitcoin, becoming the country's first bank to start accepting the cryptocurrency. He is ranked as the third richest Mexican with an estimated fortune worth over $15.8 billion.
Prior to this, Bitcoin will become a legal tender in El Salvador, another South American country in September. It is the first nation to elevate the digital token to the status of a currency.
"The major selloff across the crypto spectrum observed last Friday seems to have subsided for now. Volume data from various exchanges show that several investors bought the dip in the markets over the weekend. However, it cannot be termed as a bullish momentum as the markets are clearly range-bound," said Edul Patel, CEO and co-founder, Mudrex.
"BTC began the day at a decent 5 per cent higher over the previous day. Altcoins continue to be under some selling pressure. Overall, the markets can be expected to remain in consolidation for the short term."
Back home, Bitcoin is becoming the new gold among Indian households. The cryptocurrency aficionado's mantra that the digital currency is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal.
In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis.
1 Bitcoin $34,408.29
3.793.79
2 Ethereum $1,976.47
4.784.78
3 Binance Coin $285.09
−0.22−0.22
4 Tether $1.00
−0.16−0.16
5 Cardano $1.32
1.751.75
6 Dogecoin $0.25
1.411.41
7 XRP $0.63
1.161.16
8 Polkadot $14.82
0.510.51
9 USD Coin $1
−0.16−0.16
10 Uniswap $16.95
1.511.51
Source
https://m.economictimes.com/markets/cryptocurrency/top-cryptocurrency-prices-today-bitcoin-ethereum-cardano-gain-up-to-5/amp_articleshow/83911764.cms#aoh=16248990857676&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
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There are many good news on the horizon compared to negative ones, although that news on Binance in UK is quite upsetting. I am looking forward to the time when there will be many good developments affecting India which can be a very big market for cryptocurrency - hope they also look at how to cash-in with Bitcoin mining, though am not so sure if there can be a green source of energy in the country and if the cost can be competitive. Let's all hope that in July, top coins and tokens are going to be making many surges.
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The recovery is impressive!
Hopefully we will see the green of the market for a few more weeks for BTC to hit a new ATH. BTC is still the leader of the entire crypto market, so I hope BTC will not fall back to 30K USD.
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Today, the price growth in the cryptocurrency market is even higher. Bitcoin is up 6 percent today and 12 percent over the week, reaching $ 36,407. Ethereum is up 7 percent today and 17 percent in a week, and its price is $ 2,240. It looks like market prices will continue to rise. However, this is a cryptocurrency and everything is possible here. We are nevertheless approaching the middle of summer, and this is the time of vacations and a lull in business activity in all markets.