New Delhi : A slight upsurge was seen today in Cryptocurrency Market. The reason behind this upsurge was a tweet by founder of Tesla and SpaceX, Elon Musk. Musk had asked his followers some ideas for “develop Doge” on GitHub, after rise in the price of Cryptocurrency was observed. Doge, here, means Cryptocurrency Dogecoin.
Know what did Musk say
Musk also tweeted that he is having discussions with North American Bitcoin Miners on how to make digital currency robust and stable. Musk said that those people have faith on it. After this tweet by Musk, there was an upsurge in Bitcoin and it started trading at the value of 40,000 dollars.
It was trading at $64,829
Bitcoin is the world’s biggest and most popular Cryptocurrency. On 14th April, it was at all time high, i.e, it was trading at $64,829. After this decline , there is a fall of atleast 1L crore in the value of Bitcoin.
The loss is also due to the strict regulations against Cryptocurrency in different countries. Recently, China has prohibited trading of Cryptocurrency and has strictly banned all the services related to it due to which there has been a continuous decline in its value.
Know about the values of the World’s 10 most popular Cryptocurrency
– Bitcoin: $38,305
– Ethereum:$2,570.39
– Tether: $1
– Binance Coin: $342.60
– Cardano: $1.54
– Dogecoin: $0.3441
– XRP: $0.9696
– Polkadot: $21.87
– Internet Computer: $142.04
Note: These are the rates on 25 May,8:15 in the morning