---
title: "Bitcoin, Ether Sees Profits in Crypto Market Recovery Amid Economic Slowdown"  
description: "Bitcoin and Ether see some profit after the crypto market shows some recovery amid Economic Slowdown in 2022."  
author: "Sanjay Goenka"  
published: 2022-04-13  
canonical: https://www.mindstick.com/news/1557/bitcoin-ether-sees-profits-in-crypto-market-recovery-amid-economic-slowdown  
category: "cryptocurrency"  
tags: ["technology", "bitcoin", "technology news", "cryptocurrency"]  
reading_time: 2 minutes  

---

# Bitcoin, Ether Sees Profits in Crypto Market Recovery Amid Economic Slowdown

**Bitcoin**, Ether sees profits as [Crypto Market](https://www.mindstick.com/news/3852/the-crypto-market-will-double-in-size-to-5-trillion-by-the-end-of-2024) is going towards recovery amid an [economic slowdown](https://answers.mindstick.com/qa/115241/how-is-china-addressing-its-economic-slowdown-and-real-estate-sector-s-financial-instability). The current price of Bitcoin is **$41,954 (Rs. 32 lakh)** and ether is priced at $3,184 (Rs 2.5 lakh).

## Highlights

```
Stablecoins pegged against US dollars reports losses
Other cryptocurrencies like Shiba Inu reported an 18 percent profit
Investors are optimistic about the interest in crypto assets
```

**Also, Read [Bitcoin, Ether goes higher in today's opening; the Overall crypto price chart reflects some loss](https://www.mindstick.com/news/1535/bitcoin-ether-goes-higher-in-today-s-opening-the-overall-crypto-price-chart-reflects-some-loss)**

Today the crypto prices chart looks green and healthy after surging the price of many cryptocurrencies including Bitcoin and Ether. In comparison to earlier week, Bitcoin opened trading with a profit of **0.28** percent, priced at **$41,954** on [crypto exchange](https://www.mindstick.com/articles/136419/pre-development-activities-that-ensure-crypto-exchange-business-success) platforms like **[CoinSwitch Kuber](https://www.mindstick.com/news/1154/crypto-users-mostly-young-women-base-growing-coinswitch-kuber-report).**

In India, where it shows a healthy rise other platforms in different countries grabbed a good rise percent by 1.01 percent.

Where Bitcoin grabs risen, another crypto-like **Ether** has registered gains. ETH showed a growth of **1.13 percent**, and many other cryptos showed a small rise but it was significant profit.

The Research team of **CoinDCX** told “Crypto’s reaction to the bleak economy is yet another indication of its safe-haven characteristics as an investor’s hedge on [digital assets](https://www.mindstick.com/blog/299951/how-to-better-protect-digital-assets) in times of uncertainty,” told about the inclination of prices.

They added, “While bitcoin continues to strengthen its correlation with the US traditional [stock market](https://www.mindstick.com/articles/43871/control-and-regulation-of-the-stock-market), this could be yet another sign of leading [digital currency](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws)’s maturity as investors bet on crypto as a symbol of its progressive idea.”

**Also Read: [Lok Sabha approved Crypto Tax Amendments and set them to be implemented starting April 1](https://www.mindstick.com/news/1519/lok-sabha-approved-crypto-tax-amendments-and-set-them-to-be-implemented-starting-april-1)**

---

Original Source: https://www.mindstick.com/news/1557/bitcoin-ether-sees-profits-in-crypto-market-recovery-amid-economic-slowdown

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