Prashant Kumar News

Bitcoin managed to hold $20,000 levels. The latest red-hot inflation numbers have put global investors on edge about the potential actions by the US Fed in its meeting next week. The FOMC is likely to push interest rates by 75 basis points, while a 100-bps hike can not be ruled out. Barring the US dollar-pegged Tether, all other major crypto tokens were trading lower on Thursday. Shiba Inu and Avalanche dropped 3 per cent each, whereas Bitcoin, Polkadot and Polygon shed 2 per cent each. The global cryptocurrency market cap was trading lower at $990.19 billion, dropping almost a per cent in the last 24 hours. However, total trading volume tumbled as much as 23 per cent, close to $78.30 billion.

Ethereum merge launch. The top crypto token, Bitcoin, raced past the $19,000 mark once again while other altcoins outperformed the token. Barring the US dollar Tether, all other tokens were trading with solid gains on Thursday. Avalanche rallied over 9 per cent, whereas Ethereum surged 8 per cent. BNB advanced 7 per cent, whereas Solana gained 6 per cent. The global cryptocurrency market cap was trading at the $975.93 billion mark, surging more than 4 per cent in the last 24 hours. However, the total trading volume dropped almost 20 per cent to $69.97 billion.Expert TakeThe first phase — the Bellatrix upgrade, of the much-awaited Ethereum Merge was completed this week. The move saw some upward movement for Ethereum, said Prashant Kumar, Founder and CEO, weTrade.

Bengaluru-based weTrade eliminated trading fees for more than 50 coins available on its platform, including Bitcoin, Solana and Ethereum, to make it both simple and rewarding for users. The company offers the most user-friendly KYC experience, while ensuring the highest levels of monitoring to ensure the safety of customer assets. The platform also includes a mature audit and tracing mechanism to ensure customers trade without worry and receive benefits while complying with tax regulations.