Crypto Market in Profit, Bitcoin Prices More than USD 64,000, Ether Gains 2 Percent

Bitcoin, the largest cryptocurrency in terms of market capitalization, was up by about two percent on Monday. Its price was around $64,260 on international exchanges and around $64,826 on Indian exchanges. There is enthusiasm in the crypto market due to better Producer Price Index (PPI) data in America.

The price of Ether has also increased. Gadgets360 crypto According to the price tracker, the price of Ether was around $2,521 on Indian exchanges and $2,526 on international exchanges. Apart from this, there was a rise in USD Coin, Tron, Binance Coin, Near Protocol and Cardano. The prices of Solana, Polkadot, Ripple, Bitcoin SV, Flex and Stellar have fallen. In the last one day, the market capitalization of crypto increased by about 2.08 percent to about $ 2.24 trillion.

“Crypto markets are bullish on the back of good Producer Price Index (PPI) data in the US last week,” the markets desk at crypto app CoinDCX told Gadgets 360. The uptrend may continue. Bitcoin may make a new high at $2,330 and resistance is at $2,550.

The interest of retail investors in this segment is increasing. However, volatility and scam cases in cryptocurrencies have also increased the risks for these investors. In the last few months, cases of scams related to crypto have increased rapidly and investors and firms associated with this segment have suffered huge losses. In a report issued by the Board of the International Organization of Securities Commissions (IOSCO), it has been said that even if the valuation of the crypto segment is less than one trillion dollars in 2022, the interest of retail investors in this segment remains intact. This trend is developing It is also seen in the emerging markets that the major source of information related to investment for young retail investors is that there is a possibility of financial loss due to this. Rules are also being made for this segment.