“BTC is currently trading around the $21,000 mark, remaining relatively stable over the past 24 hours. It’s already seen a significant 25% rise this year, with most of the gains occurring since last Tuesday when it hovered around $17,400. This rise is likely due to renewed investor confidence in the US central bank’s ability to control inflation without hurting the economy. Ether, following a similar pattern to Bitcoin, has also seen a rise in value, reaching a two-month high before falling slightly. On the other hand, MANA, the native token of the 3D virtual reality platform Decentraland, is up more than 16%,” said CEO and Co-Founder Edul Patel, Mudrex.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also fell slightly to $1,562. Meanwhile, the dogecoin price today was also trading 4% lower at $0.08, while Shiba Inu was down more than 3% at $0.0000010.

Today’s performance of other cryptocurrency prices also fell marginally as prices for Tether, Stellar, XRP, Polkadot, Chainlink, XRP, Solana, Avalance, Polygon, Apecoin, Tron, Solana, Litecoin, Uniswap traded with slight cuts in the last 24 hours.

Binance, the operator of the world’s largest cryptocurrency exchange, will allow institutional investors to keep collateral on leveraged positions off the platform, a move to ease concerns caused by the collapse of longtime rival FTX.

The company said that such firms will have the option of posting collateral with Binance Custody, which will hold assets in so-called cold storage, or wallets that are not connected to the internet. Once the trades are settled, the assets are unlocked and accessed again by the user.

(With contributions from agencies)