Crypto Price Today Live: Bitcoin edges higher but stays below $20K; Shiba Inu, Polkadot gain 3% each

Synopsis

A Bloomberg report suggested that the Saudi central bank has hired crypto chief Mohsen AlZahrani to boost digital ambitions. The banking regulator recently appointed AlZahrani to lead its virtual assets and central bank digital currency program in a sign of the Gulf state’s potential crypto ambitions, Bloomberg reported, adding that the country has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.

New Delhi: Cryptocurrencies mostly advanced in the last 24 hours, following a mixed set of jobs data in the US. Data released on Friday showed the US saw higher-than-expected hiring in August, but wage growth moderated and the unemployment rate ticked higher.

Bitcoin was trading at $19,836.21, up 0.31 per cent in the last 24 hours. The largest cryptocurrency by market capitalisation is up 0.7 per cent in the last one week. Risk appetite has been weak of late, which has weighed heavily on Bitcoin and other risk assets.

Ethereum rose 1.43 per cent to $1,575.07, taking its seven-day rise to 8.36 per cent.

BNB edged 0.16 per cent higher to $278.47. This crypto has fallen 0.38 per cent in the last seven sessions. Cardano added 1.32 per cent while Solana gained 2.25 per cent in the last 24 hours. Shiba Inu and Polkadot climbed 3 per cent each.

Did you Know?

From tracking sustainability of products to monitoring pollution, environmental researchers are now finding blockchain’s use in solving the climate crisis.

View Details »Dogecoin rose 0.55 per cent and was up 2 per cent for the 7-day period.

The global cryptocurrency market cap was trading at the $981 billion mark, rising 0.47 per cent in the last 24 hours. The total trading volume was up 9.83 per cent at $48.55 billion.

Crypto in news
A Bloomberg report suggested that the Saudi central bank has hired crypto chief Mohsen AlZahrani to boost digital ambitions. The banking regulator recently appointed AlZahrani to lead its virtual assets and central bank digital currency program in a sign of the Gulf state’s potential crypto ambitions, Bloomberg reported, adding that the country has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.

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    Updated: 09/05/2022 — 03:00