Cryptocoin Ether Gains Sharply By 14.74% In 5 Days, Bitcoin Surges To US$ 20,863


oi-Kuntala Sarkar


Published: Thursday, July 7, 2022, 23:38 [IST]

The crypto market is on the verge of gaining since the past week. On July 7, till 5.45 pm UTC, Bitcoin was quoted at US$ 20,863 surging by 1.56%. Yesterday, the asset closed at US$ 20,541.80. This gain in the quotation is helping investors to gain confidence.

On the other hand, Ether was quoted at US$ 1,222.70, gaining by 14.74%. Yesterday, the asset closed at US$ 1,133.55. Litecoin was quoted at US$ 51.25, gaining sharply by 1.49%, Dogecoin was quoted at US$ 0.070 gaining by 5.26%, and Cardano was quoted at US$ 0.47 gaining by 3.02%, in the past 5 days. Bitcoin has also surged by 8.69% in the last 5 days.

According to a report, “In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now positioned in the 79th rank among the world’s richest 100 people. On the low end, it is estimated that Bitcoin’s creator, Satoshi Nakamoto, mined at least 600,000 to 700,000 bitcoin (BTC) during the blockchain’s initial launch period. Higher estimates suspect that Nakamoto mined up to 1.1 million BTC with a single high-end PC.”

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Story first published: Thursday, July 7, 2022, 23:38 [IST]

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