2024-03-22 13:00:00
Written by Moanis Hawass Friday, March 22, 2024 03:00 PM
A number of cryptocurrencies appear to be returning to a profitable path, after experiencing a brief period of price correction, where they entered Bitcoin currency On Friday, March 22 to the trading floor at $64,950, Bitcoin saw a slight loss of 1.60 percent on Friday, but its value saw a rise of $2,150 over the past 48 hours, and the asset is expected to remain volatile in the coming days.
With most cryptocurrencies posting gains, only some trailed behind Bitcoin on Friday’s losing streak, and these include Solana, Avalanche, Polkadot, Polygon, and Near Protocol.
Leo, Cosmos, and Cronos recorded slight losses, while the cryptocurrencies, meanwhile, gained more on Friday. The price of ether rose by about one percent. Its trading value at that time was $3,405 (about Rs 2.83 lakh). Tether, Binance Coin, Ripple, Cardano, and Dogecoin are all trading ex-dividend.
Shiba Inu, Chainlink, Tron, and Wrapped Bitcoin also reflected notable gains, and the overall cryptocurrency market valuation rose by 0.58 percent over the past 24 hours. The current market cap is $2.51 trillion according to CoinMarketCap.
In an important development, BlackRock has introduced its tokenized asset fund on the Ethereum network. Parth Chaturvedi, head of investments at CoinSwitch Ventures, told Gadgets360: “This fund will allow qualified investors to earn returns in USD by signing up through Securitize, representing… An important step forward in tokenized asset offerings.”
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