Bitcoin’s price was at $30,441.44, up by 3.26 per cent. The world’s second largest cryptocurrency, Ethereum, was up by 3.32 per cent to $1,809.56.
Bitcoin’s price was in green.
- Dogecoin rose by 0.42 per cent
- Shiba Inu was up 1.43 per cent
- Ethereum and most cryptocurrencies also gained
Bitcoin’s price on Wednesday crossed $30,000-mark and other cryptocurrencies, including Ethereum, were trading in green.
The world’s most popular cryptocurrency, Bitcoin, has witnessed a turbulent year so far. Ethereum was also down in a major part.
The Bitcoin’s price was at $30,441.44, up by 3.26 per cent. The world’s second largest cryptocurrency, Ethereum, was up by 3.32 per cent to $1,809.56.
“Bitcoin rose on Tuesday following the proposal of a crypto-friendly bill in the U.S. The bill would address major regulatory issues in the industry. Since May, the crypto market has been going through a downward trend, and the new bill comes as a relief to investors,” Edul Patel, Co-Founder and CEO of Mudrex, said.
“Ethereum and most cryptocurrencies also gained decent amounts over the past 24 hours as prices stabilized a bit from last month’s sell-off,” Patel said.
Prices of cryptocurrencies such as XRP was up by 2.7 per cent, Cardano rose 10.50 per cent, Solana was up by 3.49 per cent, Stellar rose 3.39 per cent.
Other altcoins such as dogecoin rose by 0.42 per cent, Polkadot gained 1.28 per cent, Avalanche gained 4 per cent, and Shiba Inu was up 1.43 per cent.