Ether was down by 2.73 percent. Its price was around $3,092 on Indian exchanges and around $3,560 on international exchanges. However, in the US Ether After the ETF of Ethereum gets approval from the regulator of the securities market, its price may rise. The prices of Avalanche, Tether, Binance Coin, Solana, Ripple, Cardano, Tron, Polkadot, Chainlink, Polygon and Near Protocol have also increased. Litecoin and Elrond were among the cryptocurrencies that declined. The market capitalization of crypto was up 0.92 percent to around $2.38 trillion in the past one day.
Crypto app CoinSwitch’s markets desk told Gadgets360, “Bitcoin is showing strength on the weekly charts. This is indicating a bullish trend in the market. Bitcoin also has a market share of about 55 percent. Ethereum’s developer Consensys has reported that the US Securities and Commission has completed its investigation into whether Ether is a security and whether its sales are considered securities transactions.” Edul Patel, CEO of another crypto app Mudrex, said, “The market is recovering after the recent decline. Those offering Ethereum ETFs will have to finalize the S-1 form by Friday.”
Last month, Bitcoin completed one billion transactions on block number 8,42,241. According to Clark Moody’s Bitcoin Dashboard, the total number of Bitcoin transactions on May 7 was 1,000,701,505. The first Bitcoin block was mined on January 3, 2009. In its 5,603 days of existence, the Bitcoin network has processed an average of 1,78,475 transactions per day. This does not include transactions processed through the Lightning Network. The creator of Bitcoin is called Satoshi Nakamoto. Satoshi published the first Bitcoin whitepaper on October 31, 2008 and then its price was $0.0008.