If you are also investing in crypto today, then there is good news for you. The global cryptocurrency market was trading on a green sign.
Most of the cryptocurrencies were in the red on Wednesday, halfway through the first week of May, with the world's most popular cryptocurrency Bitcoin falling by 1.51 per cent, NDTV reported.
According to CoinSwitch Kuber, the current price of BTC in India is Rs 40,The world's oldest cryptocurrencies have lost over $345 million (approximately Rs 31 lakh) on international exchanges,It is trading at $029 (approximately Rs 29 lakh).
Ether, the world's second most popular cryptocurrency ETH, fell 2.21 per cent to trade at $2,971 (about Rs 2.30 lakh), according to the crypto price tracker of the Gadgets 360.
From stablecoins to memecoins and other popular altcoins, prices have fallen, USD Coin, Solana, Cardano, Dogecoin, The rest include Shiba Inu 3 Polkadot. some of the altcoins have also reported profits, Monero is one of them, Baby Doge Coin, Husky and Nano Dogecoin.
On the other hand, Andressen Horowitz (a16z), one of the biggest strengths of the venture capital industry, will invest $500 million (around $3.5 billion) in India's growing startup ecosystem,825 crore), according to data from the pitchbook, The venture capitalist has invested $23.5 billion (around $1 billion) in India in 2021,79,815 crore (Rs, Out of which $587.16 million (approx,490 crore) were allotted to Crypto and Web 3 companies.
The overall market cap of the crypto sector is currently at $1.71 trillion (around Rs 1,71,619 crore), up a little from $1.75 trillion (around Rs 1,33,96,199 crore) on May 2, according to CoinMarketCap.
There, Venture capital (VC) investments in crypto projects in the first quarter of this year amounted to about $10 billion, more than double the amount in the same period last year, said Steve Ehrlich, CEO of crypto brokerage firm Voyager Digital, "There is a lot of VC investment happening in these projects as these investors believe that some of them can succeed later," he said.