Gadgets360 In a conversation with Mudrex, Mudrex CEO Edul Patel said that the fall in the price of Bitcoin was mainly due to the increasing tension between Iran and Israel. Bitcoin is seen in the range of $ 60,000 (approximately Rs 50 lakh) and $ 73,000 (approximately Rs 60.9 lakh). However, the bulls are defending it at the level of $60,775 (about Rs 50.7 lakh).
Very few cryptocurrencies saw a decline on Monday. Ether got price growth over the weekend compared to Bitcoin. ETH is trading at $3,126 (approximately Rs 2.60 lakh) with a slight gain of 3.93 percent. Ether may have gained strength in recent days, but it is still far away from its all-time high of $4,500 (approximately Rs 3.75 lakh). Ether achieved this success in November 2021. The price of ETH on Binance is $3,024 (approximately Rs 2.52 lakh).
Parth Chaturvedi, investment lead at CoinSwitch Ventures, told Gadgets 360 that technical analysis of ETH (+7.3 percent) shows a strong trend. This also shows that the best time for Ether is yet to come. Some analysts are also predicting that ETH will cross $6,000 (about Rs 5 lakh).
On Monday, many more cryptocurrencies like Binance Coin, Solana, USD Coin, Ripple, Dogecoin and Cardano registered profits. Additionally, Avalanche, Shiba Inu, Bitcoin Cash, Polkadot, Chainlink, Polygon, Litecoin, and Uniswap also saw modest gains.
The overall crypto market cap has seen a decline of 5.42 percent in the last 24 hours. crypto on monday market valuation Reached Rs 2.37 trillion (about Rs 2,840 crore).