Cryptocurrency Price Today: Bitcoin Valued Above $51,000, Small Losses Hit Solana, Polygon Among Others

Bitcoin recorded a loss of 0.88% on Tuesday, February 20, trading at a price of $51,577 (around Rs. 42.8 lakh). Over the past seven days, the value of Bitcoin has fluctuated between $51,000 (around Rs. 42.3 lakh) and $52,500 (around Rs. 43.5 lakh). The asset managed to reach this price after almost two years, thanks to ETF approvals in the United States and the Bitcoin halving event scheduled for later this year.

“Bitcoin has surpassed the trillion-dollar market capitalization mark, securing its place among the top ten companies by market capitalization globally and significantly improving market sentiment. This positive atmosphere is attracting small retail investors, contributing to an optimistic market outlook,” the CoinSwitch Markets Desk told Gadgets360.

Ether on Tuesday it posted a negligible profit of 0.78%. Currently, Ether is trading at $2,907 (around Rs. 2.4 lakh).

Starting Tuesday, Binance coin, Ripple, Currency in USD, Cardano, DogemonetaAND Tron – all recorded small gains.

Chain shirt, Polka dot, Uniswap, Cosmos, StellarAND Bitcoin SV they are also trading in smaller profits.

In the last 24 hours, the overall cryptocurrency market capitalization managed to grow by only 0.05%. The current valuation of the cryptocurrency industry stands at $1.97 trillion (approximately Rs. 1,63,49,286 crore) according to CoinMarketCap.

“This positive atmosphere is attracting small retail investors, contributing to an optimistic market outlook. Tokens such as ADA and TRX have shown considerable gains, contributing to the overall +1.92% increase in the cryptocurrency market capitalization,” Rajagopal Menon, vice president of WazirX, told Gadgets360.

In the meantime, Solana, Avalanche, Polygon, Shiba Inu, LitecoinAND Leo on Tuesday we witnessed the losses.

“As the BTC spot ETF narrative develops, investor attention appears to be gaining momentum towards Ethereum spot ETFs. In other news, the Japanese government has passed a bill allowing investment funds and venture capital firms to acquire cryptocurrencies as assets. This will likely drive participation and institutional adoption within the cryptocurrency market,” Coinswitch’s markets desk told Gadgets360.

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