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Sunday, November 24, 2024

Home Business Bitcoin hits $42,580 as cryptos’ cap reclaims $2tn mark

Bitcoin hits $42,580 as cryptos’ cap reclaims $2tn mark

by News desk
February 14, 2022
in Business

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The cryptocurrency market bounced back on Sun-day, with the market capitalisation gaining one per-cent to reclaim the $2 trillion mark.

As of 1240 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price gained 0.68 percent to reach $42,580. With this increase in price, the market capitalisation of the biggest crypto has reached $806 billion. Bitcoin gained 2.8 percent during the last seven days.

Ether, the world’s second-largest cryptocurrency by market capitalisation, edged up by 0.75 percent to reach $2,937. With this increase in price, the market capitalisation of ETH has reached $345 billion. —TLTP