Cryptocurrency prices on the increase, Ripple rises by 18%

KATHMANDU: The cryptocurrency market, which has been declining for more than two weeks, has been increasing since Tuesday morning. As a result, the prices of the major cryptocurrencies in the market have risen significantly in the last 24 hours.

According to Crypto.com, the price of Bitcoin has risen 8.24% to USD 37,304 in the last 24 hours, while Ethereum is trading at 2,707. Ethereum alone has risen by 16.60% in the last 24 hours.

Cardano traded up 12.74% at 1.76, Binance Coin traded up 15.02% at 358, Ripple traded up 19.36% at 1.07, and Polkadot traded up 18.44% at. 23.11.

Cryptocurrency, which is recognized as a digital currency in Europe, the United States, China and India, is illegal in Nepal. However, in the absence of a cryptocurrency law in Nepal, a statement issued by Nepal Rastra Bank states that only Bitcoin transactions are illegal.