Cryptocurrency is a rapidly growing trend at the present time. Although the market of cryptocurrencies is constantly fluctuating, people still invest in it. Because in general the ups and downs of cryptocurrencies are more than its ups and downs.
If we talk about cryptocurrency and not talk about bitcoin, it is not possible. Bitcoin is the largest and most popular cryptocurrency in the world of cryptocurrencies. Not only is its price high, but it has also provided good benefits to its investors.
Bitcoin reached $63,000 a few months ago. However, the price of bitcoin has been falling for some time now. In July last month, bitcoin fell to $29,000.
If we talk about the reason behind the rapid rise of bitcoin in the recent past and then the rapid decline, the credit goes to the owner of Tesla company Elon Musk. Although the price of bitcoin was rising on its own, after the investment and promotion of Elon Musk and his company Tesla, bitcoin grew rapidly and reached a high price of $63,000. But after some time Elon Musk withdrew from bitcoin. He also tweeted about this. In addition, Tesla ended the policy of accepting bitcoin for payment. This caused bitcoin to fall sharply. In July last month, bitcoin fell to $29,000.
But bitcoin has been gaining momentum again for some time now. Today on August 7, 2021, Bitcoin has once again crossed the $ 43,000 mark. Along with bitcoin, other cryptocurrencies have also seen a boom in the last 24 hours.
Let’s take a look at the prices of the 10 biggest cryptocurrencies in the world as of 8 PM on August 7, 2021.
- Bitcoin – In the last 24 hours, it is up 6.71% to $ 43,467.47.
- Ethereum – It is up 11.29% at $3,086.32 in the last 24 hours.
- Tether – In the last 24 hours, it is up 0.03% to 1 dollar.
- Binance Coin – It is up 4.63% at $352.39 in the last 24 hours.
- Cardano – In the last 24 hours, it is up 7.01% at $1.47.
- XRP – In the last 24 hours, it is up 6.78% at $ 0.7785.
- Dogecoin – In the last 24 hours, it is up 15.78% at $ 0.2317.
- USD Coin – In the last 24 hours it is up 0.00% at $ 0.9998.
- Polkadot – In the last 24 hours, it is up 6.21% at $ 20.92.
- Uniswap – It is up 12.13% at $28.19 in the last 24 hours.