Crypto price charts bounce back into the green zone as Bitcoin, Ether, and the majority of altcoin pouches win

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After days of slow movement, the entire crypto market has finally recovered as the majority of cryptocurrencies opened with gains on Thursday January 13th on Indian exchange CoinSwitch Kuber. Bitcoin has also grown by over 2 percent on international exchanges such as Binance and CoinMarketCap, bringing its trading value to around USD 43,598 (about 32.2 lakh Rs.).

Along with Bitcoin, ether also rebounded 3.14 percent. Currently, Ether is trading at $ 3,619 (approximately 2.6 lakh), according to Gadgets 360’s crypto price tracker

Cardano, Ripple, Polkadot and Polygon also emerged as winners today.

After weeks of depreciation, even the meme-based dog coins Dogecoin and Shiba Inu climbed the price ladder. While DOGE is currently trading at $ 0.18 (about 13 rupees), SHIB is priced at $ 0.000035 (about 0.002555 rupees).

Industry experts have forecast a “bullish return” in crypto market dynamics in the coming days.

The rebound in the crypto market is likely due to US inflation rising to a 39-year high of 7 percent and the greenback collapsing, putting the economy in a state of change and opening markets in the Asia-Pacific region to mixed media . As investors hedge their bets in crypto again, digital assets have regained their safe haven status. With US inflation showing more staying power, we can assume that the crypto market will track its bullish return, ”the CoinDCX research team told Gadgets 360.

Despite the general market growth, some cryptocurrencies have failed to post profits.

Tether, USD Coin, Chainlink and Uniswap were all hit by minor losses.

Several celebrities are now trapped in the crypto sector for a variety of reasons.

NBA players Klay Thompson and Andre Iguodala from the Golden State Warriors team have decided to deduct part of their salaries in Bitcoin. The players also announced that they would be donating $ 1 million (approximately Rs 7.38 billion) in bitcoins among the fans.

On the flip side, former NBA player Paul Pierce got into trouble for promoting a cryptocurrency called EthereumMax (EMAX), which grew overnight and lost 98 percent in value a few days later, making investors big bucks last year cost.

Pierce, along with reality TV star Kim Kardashian and American boxer Floyd Mayweather, is now starting a legal investigation into promoting EMAX through their heavily-followed social networking accounts.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended as financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for losses that may arise from an investment based on perceived recommendations, forecasts or other information contained in the article.

Check out the latest from the Consumer Electronics Show on Gadgets 360 in our CES 2022 hub.

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