Bitcoin, Ether in Loss Following Telegram Co-Founder Arrest in France
There was also a decline in the price of Ether. It was around $2,877 on Indian exchanges and around $2,745 on international exchanges. Apart from this, the prices of Solana, Polkadot, Cardano, Polygon, Cronos and Bitcon SV have also decreased. in the last day crypto The market capitalization of was down 0.40 percent to about $ 2.25 trillion.
Edul Patel, CEO of crypto exchange Mudrex, said that despite the volatility in the market, Bitcoin can reach $ 69,000. However, the arrest of Durov, Telegram’s co-founder, has increased pressure on the crypto market. “Durov’s arrest in France has resulted in a loss of more than $3 billion in Telegram’s Toncoin,” said the markets desk of crypto app CoinSwitch. In the first half of the current year, the capitalization of the international cryptocurrency market increased by almost 44 percent to $ 720 billion. The launch of Bitcoin ETFs earlier this year has accelerated the growth of this segment.
According to a report by crypto exchange Binance, Bitcoin has registered growth between January and June this year. The main reasons behind this are the launch of Bitcoin ETF and the fourth halving of its network. The value of the second largest cryptocurrency Ether has also increased rapidly. About $17 billion has been invested in Bitcoin ETFs in the US. The average trading volume per day in these ETFs is approximately $2.3 billion. This year, Bitcoin made its new high level after almost three years. Its price reached more than $73,737 in March. However, there has been a decline in it since last few months. Tension and regulatory challenges between some countries are the major reasons behind the decline in Bitcoin. However, the central government has no plans to regulate this segment. The European Union and UAE have made rules for the crypto segment.
