Cryptocurrency: Filecoin and Aster were the top gainers, know how the crypto market behaved in a week

Posted on 20th Feb 2023 05:59 pm by rohit kumar

US-based crypto exchange Kraken has halted its staking service and had to pay a US$30 million fine to the SEC last week for failing to register the service. After this incident, the week started with a decline in the crypto market.

 

 

Bitcoin started trading at the $22,000 level. Let us tell you that before the release of the inflation data in the US, it had reached the level of $ 21,000, but after the release of the data, most of the cryptocurrency market has gained momentum. Bitcoin reached its highest level since August last Thursday.

 

 

Although it is down about 65% compared to bitcoin's all-time high. However, on Saturday, bitcoin is currently back at the $24,600 level. If the rally continues strong, it could test the $25,000 level in the coming weeks.

 

The second largest cryptocurrency, Ethereum, has also traded in line with Bitcoin this week. Ethereum touched the 1,700 level last Thursday and reached the $1,600 level after the PPI data was released.

 

On the other hand, XRP also rallied due to the SEC-Ripple lawsuit, although this rally soon fizzled out. Polygon outperformed bitcoin on Friday.

 

Also Read: Budget 2023: Going abroad has become expensive, and there will be a burden on the pocket; the TCS rate increased to 20 percent

Other news

Tej Pratap Yadav: 31.49 lakh followers on social media; How many photos of Tej Pratap's alleged girlfriend are viral?

Rashtriya Janata Dal national president Lalu Prasad Yadav's elder son, Bihar's former minister in

Gyanvapi Survey: Survey of ASI continues in Gyanvapi, investigation is being done with radiation technology; the Muslim side is also present

There is a lot of movement in Varanasi of Uttar Pradesh these days. The survey of the Archaeologi

Coronavirus In India: Corona virus spreading again in the country, 349 cases of XBB.1.16 variant came to the fore

Coronavirus is once again spreading its foot in the country. According to INSACOG data, 349 cases

Pahalgam Attack: When Eshanya pleaded with the terrorists, they said- we will see you later, Shubham's sister reveals- the horse owners...

There is anger among the family members after the killing of Kanpur resident Shubham Dwivedi in t

Viksit Bharat @ 2047: 'The coming generation will become the captain of the country,' PM Modi launches Bharat Vikas Yojana

Viksit Bharat @ 2047: Prime Minister Narendra Modi virtually addressed the 'Viksit Bharat @ 2047

Arvind Kejriwal: 'Kejriwal will have to surrender on June 2 itself', SC rejects plea to extend bail

CM Arvind Kejriwal, accused of money laundering in the Delhi Excise Policy scam, has got a setbac

New revelation in Puneet case: Manika's post on Insta is in discussion, 'After toxic environment and abuse'...

A sensational case similar to that of Atul Subhash of Bangalore has come to light in Delhi. Woodb

'Women are very scared', NCW chief reaches Kolkata amid protests in Bengal; will meet Murshidabad violence victims

Protests are being held against the Waqf Amendment Act in West Bengal's Murshidabad district. Vij

iPhone 15 Series: The phone will be controlled by touching this part of the iPhone 15 Series model, a hidden button will be present here.

Apple is going to introduce the iPhone 15 Series to its users today. With this series, four new i

JEE Mains Result Out: NTA released the JEE-Mains result, two girls were included among those who got 100 percentile

The National Testing Agency (NTA) has released the results of the Joint Entrance E