In cryptocurrencies, Bitcoin prices today continued to hover above the $50,000 levl The world's largest and most popular cryptocurrency was trading marginally lower at $50,536. Meanwhile, global crypto market cap slipped slightly to $2.48 trillion, as per CoinGecko.
“The daily trend for BTC had broken out from the bottom of the triangle pattern, but it appears to be recovering back steadily. Key support is expected at $43500. Meanwhile, El Salvador, the first country to adopt Bitcoin as a legal tender, has received $300 million in verbal commitment from investors for its Bitcoin backed bonds," said Siddharth Menon, COO, WazirX.
Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, plunged nearly 1% to $4,310
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