Cryptocurrency analysts noted the growth of bitcoin and ethereum

Experts note the growth of the flagship cryptocurrency — as of October 5, 2022, the value of BTC is $ 20,178. The digital asset gained 2.86% in price, and the market capitalization amounted to $ 386.52 billion. Bidders secured $ 26.11 billion worth of crypto transactions

As for Ethereum (ETH), its rate increased by 1.95%. The virtual asset is traded for $ 1,353, and the market capitalization amounted to $ 165.93 billion. Daily trading volumes reached $ 9.97 billion.

Over the past 24 hours, the digital asset Ripple (XRP) has gained as much as 5.86% in value. The cryptocurrency is available for purchase at $ 0.483, and the total supply of digital coins on the market amounted to $ 23.87 billion. Daily trading volumes reached $ 2.16 billion.

The most profitable cryptocurrency of the last day was Dogecoin (DOGE). The meme-coin was able to rise by 8.15% during the day. The digital asset is available for purchase at $ 0.065, and its total capitalization amounted to $ 8.64 billion. Trading transactions for the day amounted to $ 960.27 billion.

The Cardano cryptocurrency (ADA) showed the lowest level of profitability — over the past 24 hours, the digital asset has grown by 1.28%. As of today, the virtual asset is worth $ 0.432, and its market capitalization is $ 14.79 billion.

Yesterday, Charles Hoskinson, founder of Cardano and CEO of Input Output, shared his predictions about the future of bitcoin on his YouTube channel. Hoskinson is convinced that IOTS will be used by all kinds of decentralized programs, smart contracts, and even governments at the official level. The father of Cardano is convinced that the new recommendations of the US government will not do bitcoin and other crypto assets any good. He believes that a report from the White House Office of Science and Technology Policy calling on federal agencies to create environmental standards for mining could lead to a complete ban on bitcoin.