BitCoin now occupies more than 46% of the crypto market, and the price has crossed 28 thousand, check the latest price of top-10 currencies
In the last 24 hours, Bitcoin crossed 28000 dollars, the position of BITCOIN in the crypto market has strengthened by 0.87 percent and now it has a 46.26 percent share in the crypto market.
There is turmoil in the markets around the world. The domestic market has also broken more than one percent in a week. On the other hand, there is great movement in the crypto market. Talking about the biggest crypto Bitcoin (BitCoin), it has gone up by about 28 percent in a week. At the same time, its crypto market share has also crossed 46 percent, which means it is moving fast toward dominating almost half of the crypto market. One bitcoin is currently available at a price of $ 28,290.05 (Rs 23.36 lakh) with a speed of 4.21 percent (BitCoin Price).
At the same time, the second largest crypto Ethereum has also strengthened and reached close to $ 1800. According to the market cap, only two of the top 10 cryptos are in the red zone. Talking about the entire crypto market, the global market cap has increased by 2.06 percent in the last 24 hours and has reached $ 1.18 lakh crore (Rs 97.44 lakh crore).
Weekly all crypto in the green zone
Weekly among the top 10 cryptocurrencies by market cap, all cryptos are in the green zone. The most bitcoin (BitCoin) has climbed in a week and it has strengthened by about 28 percent. After this, the maximum speed was in Solana and it strengthened by more than 20 percent in seven days. The second largest crypto Ethereum has jumped 13 percent.
Cryptocurrency transactions boom
Crypto transactions have increased in the last 24 hours. According to the data available on Coinmarketcap, $4090 million (Rs 3.38 lakh crore) worth of crypto was traded in a single day, which is 40.90% higher than the previous day. In the last 24 hours, Bitcoin crossed 28000 dollars, BitCoin’s position in the crypto market has strengthened by 0.87 percent and now it has a 46.26 percent share in the crypto market.
Crypto Price: Trending in Top 10 Cryptocurrencies
| Crypto | Current Rate | 24-Hour Movement |
| BitCoin(Bitcoin) | $28,290.05 | 4.21% |
| Ethereum | $1,789.69 | 0.47% |
| Tether | $1 | 0.00% |
| BNB | $339.63 | 0.94% |
| USD Coin | $0.9999 | .02% |
| XRP | $0.3834 | (-) 1.53% |
| Binance USD | $1.0 | 0.07% |
| Cardano | $0.3448 | 1.06% |
| Dogecoin | $0.07414 | 0.17% |
| Polygon | $1.16 | (-) 2.39% |
| Solana | $23.31 | 8.43% |
Source: Coinmarketcap
Frequently Asked Questions (FAQ):
Question 1. What is bitcoin and how does it work?
Answer: Bitcoin is a digital currency that works completely freely, that is, there is no control of any bank or government over it. A currency that is completely virtual. You can also understand this as the online version of cash.
Question 2. What is the benefit of bitcoin?
Answer: Can be used for international transactions and transaction fees are applicable.
Question 3. What are the main disadvantages of bitcoin?
Answer: Bitcoins are not widely accepted
Question 4. Is bitcoin legal in India?
Answer: Bitcoin is a famous cryptocurrency, which you cannot touch, but you can keep. It is not in your pocket in physical form like a coin or note but works in the same way. However, it is not legal in India yet.
Question 5. Which country’s currency is bitcoin?
Answer: The Central African Republic has recognized the world’s largest and most popular cryptocurrency Bitcoin as its legal currency.
Question 6. In which countries is bitcoin legal?
Answer: So far, El Salvador and the Central African Republic (CAR) are the only two countries in the world where bitcoin serves as a legal currency.
Question 7. Is bitcoin legal in India in 2023?
Answer: In the recent budget speech of Nirmala Sitharaman for the financial year 2023-24, the finance minister did not mention any reforms or policies for cryptocurrencies and virtual digital assets.
Question 8. Why did RBI ban bitcoin?
Answer: The RBI has long held that private cryptocurrencies are a threat to stability and is against legalizing their use.
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