The price of Ether has also fallen. Its price was $3,353 on international exchanges and $3,616 on Indian exchanges. Apart from this, there was a loss in Tether, Ripple, Litecoin, Polygon, Stellar, Polkadot and Cronos. The bullish cryptocurrencies included Cardano, Tron, Chainlink and Near Protocol. In the last one day Crypto ‘s market capitalization was down about 2.75 percent to about $2.26 trillion.
The markets desk of crypto app CoinDCX told Gadgets360, “There is some weakness in the crypto market due to the fall in bitcoin. However, funding in ETFs remains strong, which is a good sign. Solana is performing better than bitcoin and ether.” The trade desk of crypto exchange ZebPay said, “Ether recently touched a high of $ 4,093. Since then it has fallen significantly. It has failed to cross the $ 4,000 level again. There has been profit booking in it.”
Bolivia has lifted the ban imposed on Bitcoin almost a decade ago. Its aim is to balance the country’s economy and modernize payment systems. Bolivia is the first country in Latin America to take steps in favor of crypto. However, its central bank has Bitcoin Or other cryptocurrencies have not been given the status of legal currency. The Central Bank of Bolivia has also allowed banks to accept crypto transactions. Banco Central de Bolilvia said that it is withdrawing the ban imposed on payments by cryptocurrency, including bitcoin payments. Debt in this country is expected to increase by more than $ 21 billion by 2029. Banco Central de Bolilvia has decided to allow banks to use electronic channels of acceptance and provide the facility of crypto payments. The Central Bank of Bolivia has not recognized bitcoin or other cryptocurrencies as legal currency. Allowing crypto transactions can help it get more money through remittances.
