Bitcoin nears $33,000 as cryptos stage comeback

266
Islamabad

The prices of major cryptocurrencies bounced back on Sunday, with the capitalisation of the crypto market increasing by 4.5 percent to reach $1.35 trillion as of 14:15 GMT.

The price of Bitcoin (BTC), the largest cryptocurrency, jumped to $32,967 after gaining 7.20 percent. With this increase in price, the market capitalisation of the BTC has reached $617 billion.

Likewise, ethereum (ETH) price gained 5.19 percent to reach $1,826. With this increase in price, the market capitalisation of ETH has reached $212.6 billion.

Similarly, XRP gained 2.76 percent to reach $0.606. The market capitalisation of XRP stands at $60.5 billion after this increase.

On the other hand, Cardano (ADA) price reached $1.25 with a 3.04 percent gain in its price. Its market capitalisation has reached $40.3 billion with this increase.

Similarly, Dogecoin (Doge) gained 2.48 percent to reach $0.241. With this increase in price, the market capitalisation of Doge reached $31.3 billion.

Meanwhile, the Iranian Ministry of Industries, Mining, and Trade has issued licences to 30 cryptocurrency mining centres. One of these mining farms is based in Tehran province.

Semnan province, the administrative region to the east of Tehran, is home to the largest number of licensed facilities, with six crypto farms.

Alborz province is next with four, followed by Mazandaran, East Azerbaijan, and Zanjan provinces.

The ministry has also issued 2,579 establishment permits for new industrial units across the Islamic Republic, 305 of which are in Zanjan province. Fars province, with 262 permits, and West Azerbaijan, with its 247, are ranked second and third respectively.— TLTP

Previous articleNovel method to convert agri-waste into edible sugars invented
Next articleBusiness community hails restoration of self assessment