Many cryptocurrencies that saw drops in value the previous day pulled in gains as of February 7th. At the time of writing, the price of one bitcoin was $22,864. (roughly Rs. 18.9 lakh). The first cryptocurrency in history only managed to generate profits of less than 1% on both domestic and foreign markets, including Binance and Coinbase. BTC's value only increased by $4 (approximately Rs. 330) in the past 24 hours, which is the smallest daily variation it has experienced since the year's commencement.
Bitcoin trailed Ether, which made negligible increases. According to Gadgets 360's cryptocurrency price tracker, ETH is currently selling at $1,632 (or around Rs. 1.35 lakh) after experiencing a 0.63 percent increase.
"Bitcoin has been trading in a constrained range, having dropped 2.77 percent in the previous week. Currently, it has a support level of $22,800 (approximately Rs. 18.86 lakh), with a resistance level of $23,150. (roughly Rs. 19.1 lakh). Despite falling 2% in the previous day, Ethereum is still trading above $1,600. (roughly Rs. 1.32 lakh). The lack of optimistic activity in the market is shown by the low volume, according to Edul Patel, CEO of the crypto investing business Mudrex, who spoke with Gadgets 360.
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