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Markets for cryptocurrency grow slightly; Bitcoin reaches $30,000

In the last 24 hours, cryptocurrency markets have seen a small uptick. According to CoinMarketCap data, the global market cap increased by 0.91 % in the last 24 hours to $1.30 trillion as of 7:50 IST.

Bitcoin is currently priced at $30,150, up 0.46 %. Ethereum is now priced at $2,067, up 1.30 %.

The USDT Tether has seen a 0.03 % increase in value in the last 24 hours and is currently trading at $0.999, while the USDC stablecoins have seen a 0.03 % decrease in value and are currently trading at $1.

The value of the BNB coin has increased by 0.54 % while the value of the XRP Ripple coin has increased by 0.77 % in the previous 24 hours.

The ADA cryptocurrency has had a tremendous rise of 0.75 %. Solana rose by a 2.65 per cent. The BinanceUSD stablecoin is now trading at $1, down 0.14 %.

Doge, the popular meme coin, is up 0.65% and is among the top 10 most valued tokens.

In other news, South Korea has opened an emergency investigation into the collapse of LUNA and UST, which were tokens produced by South Korean Web3 platform Terraform Labs, in the wake of the Terra Luna disaster.

The crash has drawn the attention of regulatory bodies all across the world. After the United States, the United Kingdom, and South Korea, the governor of the Bank of France has advocated for worldwide crypto regulation.

Furthermore, SEBI and ASCI, the Indian markets and advertising authorities have proposed prohibiting public figures from endorsing and promoting Bitcoin and cryptocurrency products and services.

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