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Bitcoin and Ethereum prices rose as the global cryptocurrency market was trading in green. Bitcoin is having a winning run as it rose over the $44,000-mark. Several other cryptocurrencies have made bigger gains.
This comes as members of Russia’s national legislature have said that Moscow might accept Bitcoin for oil from countries with which it shares good terms.
Bitcoin was trading 2.49 per cent up at $44,179. Ethereum was trading 2.87 per cent at $3,141.86.
XRP was up 0.49 per cent at $0.840829, Solana gained by 7.30 per cent at $104.46, Cardano was up by 4.99 per cent, Avalanche was up by 0.99 per cent.
Dogecoin was down by 0.27 per cent and Shiba Inu rose by 1.31 per cent.
“The global crypto market cap and trading volume rose by nearly 3 per cent and 7 per cent over the last day. Bitcoin and most other cryptos had a good day on Thursday. BTC and ETH gained 3 per cent each, trading above US$43,000 and US$3,000 levels,” Edul Patel, CEO and Co-founder of Mudrex said.
“Several altcoins performed even better, including DOGE, Cardano, Solana, Algorand, Axie Infinity, etc. BTC’s dominance is currently at 41.82 per cent, while its resistance lies between US$46,000 and US$51,000. BTC can reverse the four-month-long downtrend if it crosses the lower resistance of US$46,000,” Patel said.
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