Crypto Price Today Live: Bitcoin briefly tops $24,000; Ethereum and Polkadot add up to 5%

economictimes.indiatimes.com:

Bitcoin briefly topped the $24,000 mark, supporting the notion that investors have a risk appetite for the riskier asset class. Crypto market has been rallying over the past four days amid hopeful signs that inflation will soon be under control without triggering a steep recession. Inflation holds center stage on this week's investor.

Only BNB, Avalanche and Shiba Inu were marginally down, whereas all other tokens were trading in green. Polkadot jumped about 5 per cent, whereas Ethereum rose 4 per cent. Bitcoin gained over 2 per cent during the early hours.

The global cryptocurrency market cap was trading higher at $1.13 trillion mark, rising higher by 2 per cent in the last 24 hours. However, the total trading volume soared as much as 80 per cent, close to $76.14 billion.What's cooking in India Global crypto exchange Binance said it would remove off-chain fund transfers with WazirX, three days after the Directorate of Enforcement (ED) raised concerns about such transactions. The ED said it had recently conducted searches on one of the directors of Zanmai Labs and issued a freezing order on its bank accounts, which contain Rs 64.67 crore.

Nischal Shetty, the co-founder of WazirX, rebuffed a number of claims made by Binance CEO Changpeng Zhao over Twitter.Expert's take «There has been a 10 per cent increase on a year to date basis in the number of bitcoin wallets holding more than one bitcoin, reaching an all-time high of 892,100 wallet addresses,» said Edul Patel, CEO and co-founder, Mudrex. Investors have bought the dip in Bitcoin which dropped about 60 per cent from its peak, he added. 90 per cent of Bitcoin's are already in circulation and remaining will be out by the year 2140 but a number of Bitcoins have been lost