Top crypto prices today: Cardano, Ethereum, Bitcoin, gain up to 5%

On Monday, Major cryptocurrencies started to trade with gains. Crypto traders were cautious about overvaluations of digital tokens, which was following volatility in the last session. Seven digital tokens were trading with yields led by Ethereum at 9.30 hours IST.

Britain’s Financial Conduct Authority ordered cryptocurrency exchange Binance not to undertake any activity in the country, stating the firm’s lack of authorization. Therefore, the exchange might not undertake any regulated activities without notifying the FCA.
Ricardo Salinas Pliego, a Mexican billionaire, said that his banking business might begin to use Bitcoin. It will become the country’s first bank that started to accept cryptocurrency. He is considered the third richest Mexican with over $15.9 billion.
Before this, in September, Bitcoin is going to become a legal tender in another South American country, El Salvador. It will be the first nation to elevate the digital token as a status of a currency.

The situation in the crypto market

CEO and co-founder of Mudrex, Edul Patel, said that the significant selloff in the crypto spectrum seems to have subsided. The data from various exchanges showed that some investors bought the dip in the markets during the weekend. However, it cannot be referred to as a bullish momentum as the needs are range-bound.
BTC started the day at a 5 percent higher during the previous day, while Altcoins are under selling pressure. Overall, the markets might remain in consolidation for a short period.

Bitcoin is about to become a new gold in Indian households. Some experts believe that digital currency is equal to digital gold, which is winning converts in the world’s biggest precious metal holders.
According to Chainalysis, investments in crypto grew by more than $200 million to nearly $45 billion in the last few years in India, where households have over 25,000 tonnes of gold.