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BusinessCryptocurrency Prices Today May 02: Today there was a boom in bitcoin,...

Cryptocurrency Prices Today May 02: Today there was a boom in bitcoin, here is the condition of the crypto market

Cryptocurrency Prices Today May 02: Bitcoin just seen trading at Rs 31.51 lakh

Cryptocurrency Prices Today May 02: Today the global cryptocurrency market was seen trading on the green sign. The market cap of the global crypto market stood at $1.74 trillion. There was an increase of 3.07 percent compared to yesterday. The crypto market volume stood at $81.96 billion in the last 24 hours, with an overall decline of 1.53 percent.

Here is the business in the crypto market

The current total volume of DeFi stood at $9.16 billion. In the last 24 hours, there was an increase of 11.8 percent in the trading of the crypto market. The volume of all crypto coins stood at $69.57 billion. This was 84.88 percent of the total crypto market volume in the last 24 hours.

Bitcoin price

Bitcoin was just seen trading at Rs 31.51 lakh. It is the largest cryptocurrency in the crypto market. Its market share stood at 42.15 per cent. According to CoinMarketCap data, it declined 0.23 percent compared to yesterday.

Berkshire Hathaway Annual Meeting

The big news so far has been that at the annual meeting of Berkshire Hathaway 2022, Chairman and CEO Warren Buffet and Vice Chairman Charlie Munger appeared. He discussed investment decisions and market trends in the annual meeting. Buffett and Munger have long been critics of bitcoin. He completely denounced bitcoin at the annual meeting.

Buffett said this about cryptocurrencies

According to Buffett, assets must have something to offer to be of value. He said things cannot claim value simply because someone else is willing to pay more for it. Charlie Munger Calls Bitcoin ‘Stupid and Wicked’ He called it stupid because he expected its value to drop to zero and bad because it could destabilize the US financial system.

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