Libra is the new crypto king

Tag: mouni roy

The new high hit nearly a month after total market capitalization rose to $ 1.1 trillion on January 10, 2021, after hitting an earlier all-time high of $ 848 billion on January 6, 2018.

The world's most valuable cryptocurrency, Bitcoin, traded on January 8, 2021 at a price of $ 41,973.

The Bitcoin price rally, which according to Coindesk again topped the $ 40,664 mark at 10:29 p.m. GMT on Saturday and hit the $ 40,664 mark, has helped the market capitalization of all cryptocurrencies hit a new record. The total value of 6,223 cryptocurrencies recorded by CoinGecko reached $ 1.24 trillion on Saturday. The new high hit nearly a month after total market capitalization rose to $ 1.1 trillion on January 10, 2021, after hitting an earlier all-time high of $ 848 billion on January 6, 2018. However, it went back to $ 1.19 trillion at this point to file this report. The world's most valuable cryptocurrency, Bitcoin, traded at $ 41,973 on January 8, 2021, according to Coin Metrics. It has since fallen below the $ 41,000 level.

The recent spike in Bitcoin price and the general market capitalization of cryptos have also made Elon Musk's support for the digital currencies a key factor. Musk simply added #Bitcoin to his Twitter profile and triggered the price spike when the cryptocurrency surged above $ 38,000 on January 29, 2021. The price continued to rise the following week after Musk commented on the audio social network that Bitcoin is a "good thing" and that he was "late for the party". Last Thursday, Musk tweeted about the meme-inspired digital currency Dogecoin, which started out as a joke and is now worth billions. In his tweet, Musk said, "Dogecoin is the people's crypto," which saw the price jump from $ 0.03220517 (Rs 2.34) to $ 0.059299 (Rs 4.32) on Sunday. It is currently the twelfth largest cryptocurrency with a market capitalization of $ 7.8 billion.

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While Bitcoin continues to power crypto markets, gender inequality among cryptocurrency traders has been significant. According to a report by the brokerage company eToro, the proportion of women traders in the crypto king was only 15 percent, although it had increased slightly from 10 percent at the beginning of 2020. Likewise, female traders were in second place. Ethereum rose from 11 to 12 percent during this period.

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