People are getting more and more aware of cryptocurrency after Bitcoin has created its name in the market. Recently, Bitcoin is said to be reaching the highest it has in the last 1.5 years. Bitcoin and Ethereum are said to be the most trusted cryptocurrency. This article will share details about the Bitcoin increase. So if you want to know more about it, keep reading for more information.
How Much Bitcoin And Other Cryptocurrency Has Increased?
Bitcoin has increased by 12% and is said to be the highest in the last 1.5 years. The current value of the bitcoin is 28,49,862 rupees. Bitcoin was first launched in 2008 and is a powerful cryptocurrency. The second highest is Ethereum, which is also a powerful currency.
Bitcoin is more seen as a transactional currency while Ethereum can also be used to build apps over it and run any programs. Ethereum has increased by 7.27%. Its current value is 1,51,751 Indian rupees. Bitcoin’s market cap is $668.9 billion while Ethereum’s market cap is $218.25 billion. BNB which is also known as Smart Chain, has seen an increase of 4.15%. The current price of BNB is 19,090. XRP also saw an increase of 0.55. The current value of XRP is 45.5. Apart from that, Solana has increased by 30.37%.
Bitcoin’s All-Time High Of 12% In Last 1.5 Years:
Bitcoin has increased by 12% and people are getting excited after seeing the increase who have already invested. Bitcoin and Ethereum are said to be one of the most popular cryptocurrencies, while Binance is said to be one of the most stable cryptocurrencies.
The reason behind this is that Binance is pegged to the US dollar. This simply means that the US dollar and Binance coin value will remain similar to each other. Other options available are DeFi and NFTs. Cryptocurrency is a huge market which valued at $1.23 trillion.
Many still fear or avoid cryptocurrency. The main reason behind this is said to be the instability. However, many countries are promoting the use of cryptocurrency. They are into legalizing Bitcoin as a medium of exchange. There is only one country that has accepted Bitcoin as their transaction currency. As the NFTs, DEfi, and other technology will step in, it will also increase the chances of more people entering the crypto market. This was a little about the new increase in the cryptocurrency value. Stay tuned for more information.