In terms of currencies, Binance Coin is one of the most profitable, up nearly 4%. According to data from CoinMarketCap, Bitcoin is up more than 1% point, while Ethereum is up more than 3%. Solana lost more than 1%.
Cryptocurrency counters mixed in the international and domestic markets on Friday amid concerns over India’s ban on these currencies.
Binance, Ethereum and Bitcoin
Several blockchain and crypto-focused funds are revising their investment strategies amid rumors that cryptocurrency trading is banned. They are making contingency plans to not face situations like the Central Bank of India in 2018 restricting the crypto and blockchain community’s access to banking services.
A government bulletin previously stated that the 2021 Cryptocurrency and Official Digital Currency Regulation Act aims to ban all private cryptocurrencies in India. Nonetheless, we make certain exceptions to promote the underlying cryptocurrency technology and its use.
For now, cryptocurrency exchanges are rushing to reassure investors amidst regulatory uncertainty amid all the disarray.
The global cryptocurrency market capitalization reached $2.62 trillion. It is a 1.59% increase from the previous day. The total trading volume of the cryptocurrency market was $141.54 billion, an increase of about 2%.
Tech View of ZebPay Trade Desk
BAT is gaining momentum, increasing over 60% in the last 24 hours. Wealth hit an all-time high of $1.86 today, making it the 67th largest asset by market cap at $2.65 billion at the time of writing. There are 1,492,503,789 BAT coins in circulation, the largest. Delivery of 1,500,000,000 BAT Coins. Most of the BAT audits started after the partnership between Brave Browser and Solana. The two companies will work together to provide wallet functionality for the Solana blockchain.
BAT provided a strong breakout after consolidating between $0.6 and $0.75, reaching a high of $1.46. The asset faced strong resistance near $1.50 and started consolidating again after dropping 34% from its recent highs. BAT crossed the range but failed to break the $0 1.5 resistance on the second attempt and saw gains from higher levels.
Since this move, the asset has traded in the $1 to $1.15 range. However, in the end, it caused a breakout from the top ranks with good results.
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