The price of Ether has also fallen. Its price was $3,353 on international exchanges and $3,616 on Indian exchanges. Apart from this, there was a loss in Tether, Ripple, Litecoin, Polygon, Stellar, Polkadot and Cronos. The bullish cryptocurrencies included Cardano, Tron, Chainlink and Near Protocol. In the last one day Crypto ‘s market capitalization was down about 2.75 percent to about $2.26 trillion.
The markets desk of crypto app CoinDCX told Gadgets360, “There is some weakness in the crypto market due to the fall in bitcoin. However, funding in ETFs remains strong, which is a good sign. Solana is performing better than bitcoin and ether.” The trade desk of crypto exchange ZebPay said, “Ether recently touched a high of $ 4,093. Since then it has fallen significantly. It has failed to cross the $ 4,000 level again. There has been profit booking in it.”
Bolivia has lifted the ban imposed on Bitcoin almost a decade ago. Its aim is to balance the country’s economy and modernize payment systems. Bolivia is the first country in Latin America to take steps in favor of crypto. However, its Central Bank has not given Bitcoin or other cryptocurrencies the status of legal currency. The Central Bank of Bolivia has also allowed banks to make crypto transactions. Banco Central de Bolivia said that it is withdrawing the ban imposed on payments from cryptocurrencies, including Bitcoin payments. The debt in this country is expected to increase to more than $ 21 billion by 2029. Banco Central de Bolivia has decided to allow banks to use acceptance electronic channels and provide crypto payments. The Central Bank of Bolivia has not recognized Bitcoin or other cryptocurrencies as legal currency. Allowing crypto transactions can help it get more money through remittances.