Cryptocurrency prices today: Binance coins and Ethereum rise up to 4%.





A few blockchain and cryptocurrency-focused funds are rethinking their investment strategy amid speculation over a virtual currency trading ban. They are planning contingency measures to ensure they don’t face a situation like in 2018 when the Reserve Bank of India cut off banking access to the crypto and blockchain community. Cryptocurrency counters were mixed in international and domestic markets on Friday amid concerns over India’s ban on such currencies.

In dollar terms, Binance Coin was among the biggest gainers, up nearly 4 percent. Bitcoin rose more than one percent and Ethereum more than 3 percent, according to data from CoinMarketCap. Read also: BTC Price: Bitcoin Price Recovers To $60,000 Level After Brief Dip. Solana was the biggest loser, down more than 1%.

A few blockchain and cryptocurrency-focused funds are rethinking their investment strategy amid speculation over a virtual currency trading ban. They are planning contingency measures to ensure they are not faced with a situation like in 2018 when the Reserve Bank of India cut banking access to the crypto and blockchain community.

Earlier, a government bulletin stated that the Cryptocurrencies and Official Digital Currencies Regulation Bill, 2021 seeks to ban all private cryptocurrencies in India. However, it does allow some exceptions to promote the underlying cryptocurrency technology and its uses.

Meanwhile, amid all the confusion, cryptocurrency exchanges rushed to allay investor concerns amid regulatory uncertainty.

The capitalization of the global cryptocurrency market increased by 1.59% to $2.62 trillion from the previous day. Total cryptocurrency market volume increased by around 2% to $141.54 billion.

Tech View by ZebPay Trade Desk BAT has soared, increasing over 60% in the past 24 hours. The asset hit its new all-time high of $1.86 today, making it the 67th largest asset by market capitalization which, at the time of writing, stands at $2.65 billion. dollars. The circulating supply is 1,492,503,789 BAT coins and the maximum supply is 1,500,000,000 BAT coins. Much of the appreciation for BAT started following a partnership between Brave Browser and Solana. Both societys will collaborate to bring wallet functionality for the Solana blockchain to Brave’s Web2 desktop and mobile browsers.

BAT, after consolidating between $0.6 and $0.75, made a massive breakthrough and hit a high of $1.46. The asset faced strong resistance around $1.5 and corrected 34% from its recent high and then started consolidating again. BAT broke above the range but was unable to break through the $1.5 resistance on the second attempt and saw profit taking at higher levels. After this move, the asset traded in a range between $1 and $1.15. However, it eventually broke through to the higher side with good volumes and soared to a new all-time high of $1.86. Prices rose almost 67% in two days. Bat may face resistance at the psychological level of $2 while $1.6 and $1.45 may act as strong support for the asset.

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