• The broader crypto market rebounded on Monday as most cryptos posted substantial gains over the past 24 hours
Cryptocurrency prices surged today with the world's largest and most popular digital token, bitcoin trading up more than one percent today at $16,425. On the other hand, Ether, the coin associated with the Ethereum blockchain and the second largest cryptocurrency, also gained more than 2% to $1,197.
“The broader crypto market reversed course on Monday as most cryptos posted a decent amount of gains over the past 24 hours. Bitcoin is currently trading above the $16,200 level. To reserve the trend the buyers have to hold the received initiative. If the price breaks above the descending trend line, BTC could soon rally towards the overhead resistance at $17,622. The second largest cryptocurrency, Ethereum, is up by 1.27% over the past 24 hours. “Buyers should continue to defend to see ETH above the $1,300 level,” said Edul Patel, CEO and co-founder of global crypto investment platform Mudrex.
According to CoinGecko data, the global cryptocurrency market capitalization remained below the $1 trillion mark today, even as it surged to $864 billion over the past 24 hours.
Meanwhile, Dogecoin price was trading up over 9% today at $0.10, while Shiba Inu was trading up over 2% at $0.000009. Other crypto price performance improved today as well as Binance USD, Avalanche, Tether, Terra, Stellar, Polkadot, Solana, Uniswap, Appcoin, Tron, Polygon, XRP, Cardano, Chainlink, Litecoin with gains in the last 24-hours Was doing business.
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, becoming the latest industry casualty after being exposed to the spectacular collapse of the FTX exchange earlier this month.
In the bankruptcy filing, it said that its substantial exposure to FTX created a liquidity crisis. FTX, founded by Sam Bankman-Fried, filed for protection in the United States this month after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.
BlockFi's bankruptcy filing also comes after two of BlockFi's biggest competitors, Celsius Network and Voyager Digital, filed for bankruptcy in July, citing extreme market conditions that caused losses for both companies. happened.
No comments:
Post a Comment