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

Pakistan started pleading for talks with India, Shehbaz Sharif said- 'We now want to resolve all disputes'

After facing defeat in Operation Sindoor, Pakistan Prime Minister Shehbaz Sharif on Monday expres

Uttarkashi Rescue: This formula was useful in maintaining the morale of the workers, Arnold Dix praised the rescue.

The Covid formula also came in handy in boosting the morale of the 41 laborers trapped in the tun

'I don't have any land or house in India, I worked without salary', said Sam Pitroda on BJP's allegations

The BJP leader accused Indian Overseas Congress President Sam Pitroda of illegally usurping 12.35

IND vs AUS: Kangaroos scared of Bumrah, his name discussed in Australian media and legends before the pink ball test

The Australian team, which collapsed in front of Jasprit Bumrah's destructive bowling in the Pert

IPL 2023 Points Table: IPL is back in the old style, see full points table here

The Indian Premier League (IPL 2023) started on Friday, 31 March. The final of the 16th season of

Dhurandhar 2: The second part of 'Dhurandhar' will be special for South Indian audiences; the makers have made these special preparations.

Ranveer Singh's film 'Dhurandhar' is currently doing wonders at the box office. Even after severa

A week after the attack on Kap's Cafe, Kapil Sharma started shooting for Kis Kisko Pyaar Karoon 2, and gave an update.

Kapil Sharma's Canada-based restaurant, Kap's Cafe, was attacked on July 9, 2025. Khalistani terr

Gold Silver Price Today: Decline seen in bullion market; Silver falls by ₹2600, Gold cheaper by ₹960

Gold and silver prices fell on Tuesday after two sessions of gains. Gold fell by ₹960 to ₹1.5

No relief from floods for Punjab, heavy rainfall warning in Uttarakhand-Himachal; Delhi-NCR to experience heat

The people of Punjab, who are battling floods, are not getting any relief yet. The main reason fo

IND vs BAN Playing-11: India would like to test its bench strength before the World Cup, will Surya-Shreyas return?

The Indian team, which has secured a place in the final, would like to test its bench strength ag