There was a decline of 1.20 percent in Ether. Its price was trading at around $2,970. Bullish cryptocurrencies included Binance Coin, Ripple, Cardano, Polkadot, Chainlink, Near Protocol, Cronos, Stellar, Monero and Polygon. in the last day crypto The market capitalization of India was up by 1.14 percent at about $ 2.36 trillion.
“Bitcoin is on the rise after the April US jobs report was better than expected,” Edul Patel, CEO of crypto firm Mudrex, told Gadgets 360. The Bitcoin network has processed more than a billion transactions since its inception this week. The price of Bitcoin may remain in the range of $62,000 to $66,000. Rajagopal Menon, vice president of crypto exchange WazirX, said, “Sentiment is bullish for Ether. Its price has crossed the 200-day exponential moving average. This is indicating a positive trend in the long term.”
The largest crypto exchanges at the end of last month Binance Changpeng Zhao, the former CEO of Changpeng Zhao, was sentenced to four months in prison after being found guilty of money laundering. Last year he pleaded guilty to money laundering charges. In this case, Binance had agreed to pay a criminal penalty of approximately $4.32 billion. The crypto exchange violated anti-money laundering and sanctions laws and did not report more than a million suspicious transactions. These included transactions with banned terrorist groups such as Hamas, Al Qaeda and Islamic State of Iraq and Syria. This exchange was started in 2017. In this case, Changpeng was granted bail on a bond of $175 million. Changpeng had also agreed to pay a fine of approximately $50 million. This had an impact on the crypto market. In some countries, rules are being made for this segment. This will help in curbing scam cases in the crypto segment.