During the last few days, the cryptocurrency market is trying to recover from the loss caused due to the pandemic-COVID-19. It is rising gradually and getting back on track.
Bitcoin is seeing a growth of 14.80% with its price touching $6,712. Ethereum is trading at $140.12 with a hike of 13.56%. Ripple and Litecoin have increased by 7.61% and 10.23% respectively, with Ripple’s price being $0.16 and Litecoin $40.09.
The downward going cryptocurrency market was observed as a good opportunity by traders and hence, many people started investing. This downfall of the market has led to growing curiosity among people. They are searching for BTC and other cryptos. Therefore, online searches for digital currencies are rising rapidly.
On 13th March, Google search results for BTC observed a 30-day high in the United States. Along with Google, a Chinese search engine, Baidu, recorded a huge jump on search word Bitcoin. The data index shows that searches for BTC have risen around 183%. Not only for Bitcoin, but the number of searches about information related to cryptocurrencies have also increased.
The current economic meltdown is leading to growing values of digital currencies. Below are some other cryptos observing a hike in their prices:
- Bitcoin Cash by 11.38%
- Bitcoin Gold by 13.67%
- Binance Coin by 11.66%
- EOS by 8.72%
- Stellar by 9.38%
- TRON by 10.19%
- Monero by 16.64%
- Dash by 11.24%
- Tether by 0.43%
- Tezos by 16.11%
It can be said that a large number of people are now understanding the benefits of cryptocurrencies. They are considering it as a safe haven to invest their valuable money, that’s why they are looking for buying the cryptos. As a result, the crypto market is reflecting Green in almost every coin.
Stay tuned for more Crypto Market Updates, only at PCEX Member.