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

Moonbin Death: Astro member Moonbin died at the age of 25, dead body found at home

Moonbin Death: South Korean singer, actor, dancer and model Moonbin Death has passed away at the

'Food of the poor', The Bengal Files director Vivek Agnihotri made fun of Marathi food

Director Vivek Agnihotri is a name in the cinema world who cannot be kept away from the limelight

Waqf Bill: Waqf Board is claiming the monuments under ASI as their own, ASI handed over the list of 120 monuments to JPC

A dispute has erupted between the ASI and the Waqf Board over the ownership of monuments. The Arc

Stampede in Maha Kumbh: CM Yogi held a meeting with officers, senior officers will visit the spot, and some may face action.

Chief Minister Yogi Adityanath and prominent saints have issued an appeal to the devotees who hav

IND vs ENG: Team India will play the fifth test against England in Dharamshala, know-how is the record here

The last match of the ongoing five-match Test series between India and England will be played in

Puri Rath Yatra: Accident during Sunabesha festival in Puri Rath Yatra, one dead; more than 70 injured

A huge crowd gathered in Puri on Sunday during the 'Sunabesha' (gold dress) festival of Rath Yatr

North Korea: North Korean newspaper warned, said- External economic 'aid will have to be taken like poison'

North Korea's official newspaper warned that relying on outside aid to deal with food shortages w

AAP Manifesto: 'From Mahila Samman Yojana to Employment Guarantee', Kejriwal released the election manifesto of 15 guarantees

Aam Aadmi Party (AAP) convenor Arvind Kejriwal on Monday released the manifesto for the Delhi Ass

Will PM Justin Trudeau lose his position? Pro-Khalistan party NDP withdraws support from Canadian government

Khalistan advocate PM Justin Trudeau has suffered a major setback. Khalistan supporter NDP leader

Five people arrested after a student's suicide got bail; Nepali students were forcibly expelled.

Five people arrested in connection with the forcible eviction of Nepali students from hostels of