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Crypto Mania takes over! Prices soar as digital assets heat up market

The price of Bitcoin has been on a steady upward trend and attracting the attention of investors and traders alike. This latest surge in price has been fueled by a combination of increased institutional adoption, favourable regulatory developments, and growing interest from retail investors.

Edited By: India TV Business Desk New Delhi Published : Feb 04, 2023 10:12 IST, Updated : Feb 04, 2023 10:12 IST
Crypto Mania Takes Over: Prices Soar as Digital Assets Heat Up the Market
Image Source : PEXELS Crypto Mania Takes Over: Prices Soar as Digital Assets Heat Up the Market

As of February 3, the price of Bitcoin, the largest cryptocurrency by market capitalization, Bitcoin rose 1.14% to  $23,425.56.  Ethereum, the second largest cryptocurrency by market capitalization, is currently trading at around $1,613.57 with an increase of 0.15%.

Whether you are a seasoned trader or just starting to explore the crypto space, this increase in Bitcoin's price is an opportunity to gain exposure to the growth potential of this exciting new asset class.

Crypto News

Binance, one of the largest cryptocurrency exchanges in the world, has announced it will no longer be working with WazirX, an Indian-based cryptocurrency exchange. The reason for the separation has not been disclosed, but it has caused concern among WazirX users and the broader cryptocurrency community in India. This development is seen as significant given the growing interest in cryptocurrency in India and Binance's expanding presence in the region. 

Major cryptocurrencies are trading as follows as of 9 am IST, 2 February 2023 :

    •    Bitcoin: $23,535.13 USD

-0.82%

    •    Ethereum: $1,673.08 USD
+1.14%

    •    Tether: $1.02 USD
+0.01%

    •    USD Coin:  $1.00 USD
+0.08%

   
•    BNB:$334.02 USD
+3.16%

  XRP:$0.4149 USD
-0.03%

   •    Dogecoin: $0.09478 USD
+2.66%

 

    •    Cardano:$0.4062 USD
+0.69%

    •    Polygon: $0.4062 USD
+0.69%

    •    Polkadot: $7.02 USD
+4.94%

    •    Tron: $0.06382 USD
-0.67%

    •    Litecoin: $100.34 USD
+0.36%

    •    Shibu Inu: $0.00001452 USD
+15.72%

    •    Solana :$25.44 USD
+0.98%

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