scorecardresearchBitcoin prices rise marginally today, but surge 18 percent in one month

Bitcoin prices rise marginally today, but surge 18 percent in one month

Updated: 05 Apr 2022, 03:30 PM IST
TL;DR.

Bitcoin prices trade flat while staying above $46,000. In past one month, world’s top crypto token saw a rise of nearly 18 percent

Dogecoin’s DOGE tokens surged 10 percent as Tesla boss Elon Musk revealed to hold a 9.2 percent stake in Twitter.

Dogecoin’s DOGE tokens surged 10 percent as Tesla boss Elon Musk revealed to hold a 9.2 percent stake in Twitter.

Cryptocurrency prices rose marginally on Tuesday, giving a further boost to an upward trajectory followed by digital currencies lately. Bitcoin rose nearly 1 percent to trade at $46,680 during Tuesday’s afternoon trade, Ethereum traded 0.44 percent higher at $3,520, Terra was 1.52 percent higher at $116, and ripple (XRP) was 1.65 percent lower at $0.82 per unit, as per CoinDesk data.

In past one month, world’s top cryptocurrency bitcoin saw an increase of nearly 18 percent from $39,400 on March 5 to $46,680 on April 5, as per CoinMarketCap data.

However, Dogecoin’s DOGE tokens surged 10 percent as Tesla boss Elon Musk revealed to hold a 9.2 percent stake in Twitter amounting to around $2.88 billion. Tesla also accepts payments in dogecoin tokens on its online merchandise store. The news earlier sent DOGE prices soaring in January.

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Dogecoin prices rose on Tuesday after it was reported that Elon Musk bought 9.2 percent in Twitter.

Most other famous crypto tokens were trading lower with solana falling 2.60 percent to trade at $132, Cardano declining 0.80 percent to trade at $1.20, avalanche falling 0.10 percent lower at $96.93 and Polkadot slipping slightly to trade at $22.87.

Meanwhile, Digihost (DGHI) became the first listed crypto miner to offer an option to get dividend payments in bitcoin (BTC) to its shareholders, starting September quarter this year.

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The company’s first dividend will be 10 percent of its net income. Shareholders will be given an option to get paid in either bitcoin or cash, the miner said in a statement.

In another news, UK announced its plans to mint its own NFT as it eyes to ‘lead the way’ in cryptocurrency.

UK's chancellor of exchequer Rishi Sunak, Indian origin British politician, has asked the Royal Mint to create and issue the NFT “by the summer,” a government minister said Monday.

In India, cryptocurrency volumes have declined to new lows as tax on digital assets kicked in on 1 April, reported by Bitcoin.com.

Aditya Singh, co-founder of Crypto India, said the Indian exchanges saw volume drop after new crypto tax rules became applicable on 1 April.

 

First Published: 05 Apr 2022, 03:30 PM IST