Crypto market retakes $2 trillion as Bitcoin, Ethereum and others rise

Feb 8, 2022 By: BI India Bureau Credit: Canva

Cryptocurrency prices have been rallying since last week

The massive sell-off seems to have tapered off for now

The global crypto market cap is back up over $2 trillion

This is after it shed more than $1 trillion in value since New Year’s

While the bulls are trying to enforce a trend change,

The bears are trying to push back the relief rally Credit: Canva

A new altcoin season could be in the making if Bitcoin’s stays strong

Many have seen sharp corrections over past few months Credit: Canva

As things stand, Bitcoin is priced at ₹32.8 lakh

The cryptocurrency is up by 3.12 percent in the last 24 hours Credit: Canva

Ethereum is trading at ₹2.3 lakh

Its price has increased by 2.8 percent since yesterday Credit: Canva

Binance Coin’s rate is at ₹32,322

The token’s price is up by 2 percent over the course of the day Credit: Canva

Cardano’s value stands at ₹91.72

It’s up by 5.26 percent since yesterday Credit: Canva

Meanwhile, Solana is in the red

Priced at ₹8,703, it’s marginally down by 0.2 percent in the last 24 hours Credit: Canva

Terra’s LUNA token is trading at ₹4,352

The cryptocurrency has jumped by 4.38 percent over the course of the day Credit: Canva

Polkadot’s value stands at ₹1,674

It’s up by 1.97 percent in the last 24 hours Credit: Canva

Avalanche is trading at ₹6,217

It has jumped by 4.56 percent since yesterday

Dogecoin is priced at ₹12.32

It’s up by 3.18 percent in the last 24 hours Credit: Canva

Meme coin Shiba Inu is currently trading at ₹0.00245

The token has increased in value by 13.58 percent since yesterday Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to Coinbase | Crypto prices in rupees updated as of February 8, 9:00 am IST and may change over the course of the day. Credit: Canva

Bitcoin is trying to make a comeback as it holds above ₹31 lakh