Bitcoin price today: Top Cryptocurrency Prices Today: Bitcoin recovers; Dogecoin and Polkadot rally up to 9%

New Delhi: The cryptocurrency cartel staged a smart recovery on Friday after profit booking by traders in the last few sessions. Traders lapped up cryptos ahead of the weekend, where they are the only tradable assets.

Barring the XRP, all nine out of the top 10 digital tokens were trading higher at 9.30 IST. Cardano led the gainers, with a 9 per cent rally. Bitcoin and Ethereum also logged handsome gains.

The global cryptos’ market cap inched up marginally to hover around $2.6 trillion mark compared to the last day. However, the total crypto market volume fell over 9 per cent to $114.04 billion.

The crypto market moved in a range-bound zone over the past 24 hours. This consolidation helps remove the bad actors from the market, said Edul Patel, CEO and Co-founder, Mudrex.

“The total traded volumes dropped by almost 10 per cent, as is usual towards the end of the week. Over coming couple of days, we can expect the market to remain range-bound,” he added.

Crypto in India

Cryptocurrency exchanges are turning to targeted advertising and marketing campaigns to soothe the nerves of investors who are exiting their investments amid regulatory uncertainty over the virtual currencies.

Also, billiards and snooker world champion Pankaj Advani has joined the bandwagon of celebrities encashing the newfound interest in non-fungible tokens (NFT).

Expert’s take

Facebook reversed its longstanding stance on banning crypto advertising on its platform, taking another step towards embracing and adopting the digital asset industry, CoinDCX Research Team said.

“Following the company’s attempt to launch Libra, its rebrand to Meta, and now permitting crypto ads, Facebook’s progressive step is an encouraging move for the digital asset sector,” it added.

Goldman Sachs is also seeing the value in the crypto options markets as a way in for institutional adoption, the interest and value of the crypto industry is evidence of its long-term position in the future of finance, tech and…