• The global cryptocurrency market cap remains above the $1 trillion mark today, even though it was almost flat over the past 24 hours
Among cryptocurrencies, bitcoin, the world's largest and most popular digital token, was trading down more than 2% today at $20,644. According to CoinGecko, the global crypto market cap remains above the $1 trillion mark today, even though it was almost flat at $1.07 trillion in the past 24 hours.
On the other hand, ether, the coin tied to the Ethereum blockchain and the second largest cryptocurrency, also fell by more than a percentage point to $1,573. Meanwhile, Dogecoin price is trading down almost 5% today at $0.11, while the Shiba Inu is also down about 2% at $0.0000011.
“Bitcoin is back in a bearish zone as it traded below the $21,000 level. BTC is down almost 2% from the previous day due to low volume. Buyers can seize the move if it moves above current levels , then we could see it reach the $21,000 mark, or we could see it drop to the $20,400 level. Ethereum, on the other hand, has lost the $1,600 mark, the bears have become more active in the market. If the bears continue to rise, ETH is likely to break below the $1,500 level, which will propel the crypto towards the $1,400 area by the end of the month,” said Edul Patel, CEO and Co-Founder, Mudrex.
Today's performance of other crypto prices also declined as Binance USD, Avalanche, Solana, Tether, XRP, Terra, Tron, Litecoin, Uniswap, Apcoin, Polygon, Cardano, Stellar prices were trading with cuts in the last 24 hours. While Chainlink, Polkadot took advantage. ,
The market cap of outstanding cryptocurrencies has fallen by more than half this year as the Federal Reserve hiked interest rates, pulling back a flurry of pandemic-era stimulus that has driven the risky asset's price up sharply. Investor interest in betting on the token has waned as the price fell sharply from its peak.
After hitting an all-time high of around $69,000 in November last year, bitcoin price has been trading in a narrow range around $20,000 since June this year.
No comments:
Post a Comment