{"id":7006,"date":"2022-02-05T13:41:07","date_gmt":"2022-02-05T13:41:07","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7006"},"modified":"2022-02-05T13:41:07","modified_gmt":"2022-02-05T13:41:07","slug":"bitcoin-hits-two-week-high-ethern-dogecoin-trade-in-green-too","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7006","title":{"rendered":"Bitcoin hits two-week high; Ethern, Dogecoin trade in green too"},"content":{"rendered":"


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\tMimicking the stock market, Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains.\u00a0<\/p>\n<\/div>\n

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\tThe world’s largest cryptocurrency<\/a> hit $41,983, taking gains from Thursday’s lows to nearly 16%, and marking a 27% rise from the year’s low of $32,950.72 on 24 January.\u00a0<\/p>\n

\tFriday’s 11% plus was the biggest single-day gain for bitcoin since mid-June, and the first major bounce after weeks of being roiled, along with technology and growth stocks, by fears of faster-than-expected Fed rate hikes to curb a surge in inflation.<\/p>\n

\tIn addition to this, Ether, the coin linked to the Ethereum blockchain network, scaled the $3,000 level for the first time since 21 January.<\/p>\n

\tThe recovery in stocks boosted other listed crypto assets on Friday as well, with miner Riot Blockchain getting a bump after declaring bitcoin production more than doubled in January from a year earlier.<\/p>\n

\tCheck prices of various cryptocurrencies in the Indian market:<\/strong><\/p>\n

\tBitcoin is at \u20b9<\/span>32,32499 and has gained 7.43%<\/p>\n

\tEthereum is at \u20b9<\/span>2,34,720.2 and has gained 4.02%<\/p>\n

\tCardano is at \u20b9<\/span>90.1982 and has gained 7.48%<\/p>\n

\tTether is at 77.94 and lost 1.83%<\/p>\n

\tSolana is at \u20b9<\/span>8,948.00 and has gained 7.35%<\/p>\n

\tAvalanche is at \u20b9<\/span>6,119.500 and has gained 8.25%<\/p>\n

\tLitecoin is at 9,482.21 and has gained 6.545<\/p>\n

\tXRP is at 52.1903 and has gained 6.925<\/p>\n

\tAxie is at \u20b9<\/span>4,580 and has gained 18.96%<\/p>\n

\tDogecoin is at \u20b9<\/span>11.6116 and has gained 4.79%\u00a0<\/p>\n

\tShiba Inu is at \u20b9<\/span>0.001821 and has gained 8.91%<\/p>\n

\tThis comes as finance secretary TV Somanathan said earlier this week that cryptocurrency will never be a legal tender, clearing the air on the legality of private digital currencies in the market.<\/p>\n

\tThe 2022-23 Budget has given clarity on taxation of virtual digital assets and proposed to impose a 30 per cent tax on gains made on such trades, besides subjecting crypto transactions, beyond a threshold, to 1 per cent TDS.<\/p>\n

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Mimicking the stock market, Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains.\u00a0 The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16%, and marking a 27% rise from the year’s low of $32,950.72 on 24 January.\u00a0 Friday’s 11% plus was the biggest single-day gain […]<\/p>\n","protected":false},"author":1,"featured_media":7007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[50,85,4668,4086,261,259,626,733],"class_list":["post-7006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bitcoin","tag-dogecoin","tag-ethern","tag-green","tag-high","tag-hits","tag-trade","tag-twoweek"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/CRYPTO-CURRENCY-0_1644062358585_1644062396206.JPG","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7006"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7006\/revisions"}],"predecessor-version":[{"id":7008,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7006\/revisions\/7008"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7007"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7006"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}