Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto coins, were able to surpass $29,000 and $2,000, respectively. BTC, on the other hand, suffered a loss of 1.51 percent in terms of performance as a percentage. Other well-known altcoins, like as Dogecoin (DOGE) and Litecoin (LTC), also performed well as overall values increased marginally across the board. With a 24-hour increase of more than 7.26%, Internet Computer (ICP) was the top gainer. On the other hand, Rocket Pool (RPL) ended up being the greatest loss.

The worldwide crypto market cap was $1.25 trillion at the time of writing, representing a 1.29 percent decline over the previous day.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $29,493.68 with a 24-hour loss of 1.51 percent. The price of Bitcoin was Rs 25.50 lakhs, according to Indian exchange WazirX.

Ethereum price today
At the time of writing, the price of ETH was $2,081.50, representing a 24-hour loss of 0.60 percent. According to WazirX, the price of Ethereum in India was Rs. 1.81 lakhs.

Dogecoin price today
According to data from CoinMarketCap, the 24-hour gain for DOGE, which is presently trading at $0.0914, was 2.55 percent. Dogecoin’s price in India was Rs 7.8300, according to WazirX.

Litecoin price today
Litecoin gained 3.95 percent over the course of a day. Its price at the time of writing was $102.44. The cost of LTC was Rs 8,815.00 in India.

Ripple price today
The price of XRP was $0.5142, up 0.09 percent over the previous day. WazirX reported that the price of ripple was Rs 44,000.

Solana price today
Solana price was $24.44, down 4.24 percent over the previous 24 hours. SOL was priced at Rs 2,130.00 in India, according to WazirX.

Early on Monday morning in Asian trading, the price of one bitcoin dropped to slightly below US$30,000. After making significant gains following the Ethereum blockchain upgrade last week, Ether also hit a wall. With the exception of Solana, the BNB token of the Binance platform, and Litecoin, the majority of the other top 10 non-stablecoin cryptocurrencies traded lower. U.S. market futures increased after last week’s gains, but they lost some of their momentum on Friday due to a conflicting prognosis for the economy.

Quick Facts

According to data from CoinMarketCap, Bitcoin decreased 1.47% to US$29,858 in the 24 hours leading up to 9:00 a.m. in Hong Kong, but it is still up 5.13% for the week. The token briefly crossed the $31,000 threshold on Friday before varying above that level throughout the weekend.

The euphoria surrounding the Ethereum upgrade and indications of a slowing in U.S. inflation in March contributed to Bitcoin’s rise last week. According to Marat Minkin, co-founder of the decentralised finance payment software TONBanking, lower inflation typically supports the purchase of risky assets, such as cryptocurrency. The CEO of investment firm Ark Invest, Cathy Wood, stated on Friday that the safe-haven sentiment surrounding cryptocurrencies is also being driven by concern regarding the future of the U.S. economy.

Ethereum lost 0.4% to $2,082 USD. The cryptocurrency has increased by roughly 12% over the past week, thanks in part to the Shanghai upgrade on Wednesday that permits investors to withdraw their staked Ether. According to data from Token Unlocks as of 9:00 a.m. in Hong Kong, over 992,000 ether had been withdrawn since Wednesday, and another 897,000 ether withdrawals are waiting. 10% or so of the total 17 million staked Ether is represented by both sums.

Binance’s BNB, which gained 3.07% to US$343.33 and saw a weekly gain of 9.79%, led the gainers. The biggest cryptocurrency exchange in the world revealed on Friday that it had teamed up with the Brazilian Football Confederation to introduce the nation’s first non-fungible token (NFT).

Solana increased 3.01% to US$24.91, registering a 22.63% weekly increase. Saga, an Android smartphone connected with the Solana blockchain, was released on Thursday by Solana Mobile, a division of Solana Labs. Additionally, Solana Labs joined together with American beverage retailer Boba Guys to launch an in-store loyalty rewards programme.

In the previous day, the entire market value of cryptocurrencies fell by 0.76% to US$1.26 trillion. Over the previous 24 hours, the total trade volume increased 13.46% to reach US$38.86 billion.

The Forkast 500 NFT index increased 0.91% to 4,053.99 on the NFT market over the 24 hours leading up to 9:00 a.m. in Hong Kong, moving up 2.98% for the week. The index, which contains 500 eligible smart contracts on any given day, serves as a proxied indicator of the success of the global NFT market. It is run by CryptoSlam, a subsidiary of Forkast.Labs and a sister company to Forkast.News.

As of 9:00 a.m. in Hong Kong, U.S. stock futures were slightly higher. The Dow Jones Industrial Average increased by 0.19 percent. The Nasdaq Composite Index edged up 0.01% while the S&P 500 futures increased by 0.17%.

The three indexes declined on Friday, even though they had all risen for the week, as investors received conflicting signals from American economic data over the Federal Reserve’s decision to raise interest rates at its next meeting on May 3. According to a survey released on Friday, consumer confidence increased a little bit in April while retail sales dropped in March. These two readings point to a slowing of inflation.

But major banks including JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Co. reported first-quarter results that exceeded estimates, pointing to a stronger economy that may fuel inflation, according to a Reuters report on Friday.

U.S. interest rates are currently between 4.75% and 5%, the highest level since June 2006. According to analysts at the CME Group, there is now a 17.9% chance that the Fed won’t raise rates at its next meeting on May 3, up from 66.5% last Friday.

Crypto Price Today: Ethereum is falling, Bitcoin is above $28,000, and other tokens are moving in a diverse manner

Cryptocurrency movements were uneven. The market capitalization of all cryptocurrencies was $1.2 trillion, with $29.7 billion in volume traded in the previous day.

Bitcoin

The biggest and most well-known virtual currency in the world, Bitcoin, increased 0.8 percent to $28,309.7. It was valued at $540.4 billion in the market. $10.7 billion in transaction volume was involved.

Ethereum

Ethererum is the second-largest virtual currency, decreased 0.4 percent to $1,851.2 and has a $224.3 billion market capitalization. In the previous day, $8.2 billion worth of Ethereum was traded.

Dogecoin

A virtual currency based on memes, increased 0.7 percent on Monday. It had a market value of $1 billion. A total of $813.9 million was traded.

Shiba Inu

Shiba Inu market capitalization decreased by 0.5 percent to $6.4 billion. In the previous 24 hours, there were $120.2 million in trades.

Solana

Solana traded unchanged at $20.2 and has a $7.9 billion market cap. In the previous 24 hours, Solana saw trades of $165 million.

Polygon

Polygon market capitalization of $10.1 billion decreased by 1.6 percent. In the previous 24 hours, there were $193.5 million in trades.

Behind reaching an eight-month high of over $1,900 the day before, Ethereum (ETH), perhaps the second most popular cryptocurrency behind Bitcoin (BTC), dropped to the $1,800 range early on Thursday. BTC, on the other hand, seemed to hold steady at $28,000. Other well-known altcoins, including as Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), all finished in the red. The Klaytn (KLAY) token, which saw a 24-hour increase of more than 16 percent, emerged as the top gainer.

At the time of writing, the market capitalization of all cryptocurrencies was $1.19 trillion, down 1.04 percent over the previous day.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $28,116.06, a drop of 1.56 percent over the previous 24 hours. Bitcoin was trading at Rs 24.29 lakh, according to Indian market WazirX.

Ethereum price today
At the time of writing, the price of ETH was $1,897.75, reflecting a 24-hour decline of 0.78 percent. According to WazirX, the price of ethereum in India was Rs 1.65 lakh.

Dogecoin price today
According to data from CoinMarketCap, the 24-hour loss for DOGE, which is presently trading at $0.09231, was 6.04 percent. WazirX reports that the Dogecoin price in India was Rs 7.96.

Litecoin price today
In the past 24 hours, Litecoin fell by 1.46 percent. Its price at the time of writing was $92.42. LTC was priced at Rs 8,000 in India.

Ripple price today
The price of XRP was $0.5029, down 0.49 percent during the last 24 hours. The price of ripple was Rs 43.45, according to WazirX.

Solana price today
The price of solana was $20.81, down 1.58 percent from the previous day. SOL was priced at Rs 1,891 in India, according to WazirX.

On Monday, most cryptocurrencies maintained their advances. The market value of all cryptocurrencies as of today was $1.16 trillion, with a turnover of $31.66 billion over the previous day.

Bitcoin
Bitcoin, the biggest and most used virtual money in the world, increased 0.9 percent to $27,854.1. It was valued at $539.3 billion on the market. The value of the transaction was $13.9 billion.

As the token is anticipated to move into a consolidation period, the price rally in bitcoins has piqued the interest of many investors. Despite the market’s current liquidity crunch, the general outlook for the cryptocurrency sector is bullish.
American institutional buyers have made a significant contribution to the recent rise in the price of bitcoin. Experts are also praising the success of cryptocurrency as a requirement for global elections where electors would select cryptocurrency-friendly leaders.

Ethereum
The market capitalization of Ether, the second-largest virtual money, increased by 0.8 percent to $1,765 at the most recent count. In the previous day, Ethereum trades were worth almost $7 billion.

Dogecoin,
A virtual currency founded on memes, decreased 0.5 percent to $0.1. It was valued at $9.8 billion on the market. There were almost $225.3 million worth of transactions.

Solana
Solana increased 0.2 percent to $20.7 and now has a $8 billion market value. In the previous 24 hours, Solana saw $223.2 million in trading.

Shiba Inu
Shiba Inu gained 0.4 percent and now has a market value of nearly $6.2 billion. In the past 24 hours, there were $126.3 million worth of transactions.

Polygon
Polygon increased 0.9 percent and now has a $10 billion market value. In the previous 24 hours, there were $272.5 million in transactions.

The price of bitcoin and other digital coins increased on Friday during the early Asian market hours. The global banking crisis and the US Fed’s rate-hike trajectory at its upcoming FOMC meeting, planned for next week, will be closely watched by traders.

After increasing by about 6% over the previous day, Bitcoin was back above $25,000. However, during the specified time, it fell just short of the $26,000 threshold. Ethereum, its biggest rival, increased by about 4% to reclaim the $1,700 mark. The blue-chip tokens fared better than altcoins, though.

In the last 24 hours, the bitcoin market has transacted a total of $80.24 billion, a 19.52% decline. DeFi’s trading volume currently sits at $7.25 billion, or 9.03 percent, of the entire crypto market’s 24-hour trading volume.

The positive development is that the market value has managed to surpass $1 trillion. But right now, it’s critical to avoid a possible bull pitfall. Bitcoin currently controls 44.42 percent of the market value for all cryptocurrencies.

All other widely used crypto tokens were up on Friday, with the exception of stablecoins pegged to the US currency. BNB increased by 6%, while Polkadot increased by 5%. In the early exchange, Dogecoin, Polygon, Litecoin, and Ethereum were each up 4%.

After falling more than 4% in the previous day, the market capitalization of all cryptocurrencies was trading significantly higher at $1.11 trillion. However, the overall selling volume fell by close to 18%, or about $66.55 billion.

“The major negative from last week was the unnecessary closure of Signature Bank, which was reportedly caused by connections with the cryptocurrency sector rather than problems with solvency. Access to US financial systems is becoming more challenging for cryptocurrency players over the past two weeks, according to the three most well-known crypto-friendly banks in the US.

As Bitcoin and other tokens extended their gains for the third consecutive day, optimistic sentiments persisted in the cryptocurrency market. The gains were however limited, and some coins experienced some profit booking during the early Asian trading hours.

After the worldwide fallout caused by the American banking sector, traders believe that the worst is behind the market for digital tokens. Additionally, the US inflation data came in as predicted, suggesting that the US Fed will likely abandon its aggressive rate increase plans.

Before giving up some of its gains, Bitcoin momentarily reached a market high of $26,000. The biggest cryptocurrency coin was last seen at a price below $25,000. A few altcoins increased by up to 35% compared to blue-chip currencies.

The biggest cryptocurrency in the world, Bitcoin, has increased by more than 12% in the past week. The UK government’s bailout of Silicon Valley Bank has sparked optimism among investors, which may have increased purchasing activity.

“According to the most recent data, US consumer inflation has decreased but is still high, which may encourage the Fed to maintain its hawkish attitude. If macroeconomic conditions stay favourable, Bitcoin may shortly test the $30,000 level.

Every other well-known cryptocurrency token saw gains on Wednesday, with the exception of stablecoins tied to the US dollar and Tron. Avalanche increased by about 6%, while Bitcoin increased by 5%. Each of Litecoin, Solana, and Polkadot saw a 4% increase.

The market capitalization of all cryptocurrencies was moving higher at $1.10 trillion, up more than 2% over the previous day. However, the overall trading amount increased by over 13% and approached $102,40 billion.

By surging over $26,000, Bitcoin hit its highest point in nine months. This was brought on by some encouraging inflation statistics and the banking industry’s ongoing recovery from a situation that was almost catastrophic.

“Bitcoin is still up 81% from its lowest cycle, despite eventually giving up some of its gains. Ethereum has also been on the rise, breaking through a significant resistance mark of $1,700. An overall bullish sentiment is indicated by the market’s recent favourable events,”

In anticipation of Federal Reserve Chair Jerome Powell’s statement before Congress, investors chose to place safer bets, and Bitcoin’s downward trend continued. It was weak near the $22,500 mark.

It is important to note that investors are paying close attention to Powell’s comments because any sign of a more hawkish attitude on interest rates could increase market volatility, especially in the space of cryptocurrencies.

The sustained losses in the cryptocurrency market, however, started following the publication of a number of encouraging US economic indicators, showing that the economy is strengthening and that the nation no longer needs government assistance in the form of low interest rates.

As a result, traders and buyers became concerned about inflation and the potential for interest rate increases.

Worries about rising inflation and a bearish crypto market

The value of the worldwide cryptocurrency market has been declining this week; as of early Tuesday, it had fallen from $1.11 trillion last week to $1.03 trillion. Bitcoin (BTC), the first and most well-known cryptocurrency, has been unable to arrest its decline and has fallen considerably below the $23,000 mark.

Future Data and the US Currency

The bullish US dollar has also been putting weight on the cryptocurrency market. The US dollar has been generally strengthening, with gains seen on Tuesday ahead of Federal Reserve Chair Jerome Powell’s forthcoming testimony before Lawmakers.

It is crucial to note that market participants will be carefully monitoring Powell for any meaningful cues that he might change his mind about only a few more rate hikes this year and that he is concerned about the recent uptick in US economic activity and inflation.

Bitcoin Price

The 24-hour selling volume is $16 billion, and the price of one bitcoin is currently $22,400. In the last day, Bitcoin has decreased by 0.25%. With a $432 billion live market cap, Bitcoin is currently the market winner.

According to technical analysis, the BTC/USD pair is currently consolidating, with trading taking place in a constrained band between $22,000 and $22,500. If this range is broken, whether to the upside or downside, there could be a major price change in the Bitcoin market.

A bullish breakout that pushes the price of bitcoin towards the $22,800 or $23,250 levels may occur if the BTC/USD pair surpasses the $22,500 level. On the other hand, a recovery might occur if the support levels at $22,000 or $21,750 are maintained.

Quick summary of the cryptocurrency market on March 2: On Thursday morning, the market capitalization of all cryptocurrencies was $1.07 trillion.

Early on Thursday morning, the price of the oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), stayed stable around $23,000. Other well-known cryptocurrencies, such as Ethereum (ETH), Dogecoin (DOGE)
, Ripple (XRP), Litecoin (LTC), and Solana (SOL), experienced a mixture of modest gains and losses. With an increase of more than 11% over the course of one day, the Maker (MKR) token appeared as the top gainer. On the other hand, NEM (XEM), which fell by nearly 6% over the course of a day, emerged as the biggest loss.

At the moment of writing, the market capitalization of all cryptocurrencies was $1.07 trillion, up 0.29 percent in the previous day.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $23,500.70, up 0.16 percent over the previous day. The price of Bitcoin was Rs 20.30 lakhs, according to Indian platform WazirX.

Ethereum price today
At the time of writing, the price of ETH was $1,648.04, up 0.78 percent over the previous 24 hours. According to WazirX, the price of ethereum in India was Rs. 1.42 crores.

Dogecoin price today
According to CoinMarketCap data, the 24-hour price of DOGE, which is presently trading at $0.08108, decreased by 1.044 percent. Dogecoin’s worth in India was Rs 7.15, according to WazirX.

Litecoin price today
Bitcoin gained 0.97 percent over the course of a day. Its price at the time of writing was $97.03. The price of LTC was Rupees 8,230.32 in India.

Ripple price today
The price of XRP was $0.3783, up 0.52 percent over the previous day. The price of ripple was Rs 32.59, according to WazirX.

Solana price today
The price of solana was $22, down 1.41 percent over the previous day. SOL was priced at Rs 2,001 in India, according to WazirX.

On Monday, cryptocurrencies increased. The market capitalization of all cryptocurrencies was $1.07 trillion, with a turnover of almost $34.77 billion over the previous day.

Bitcoin
The biggest and most used virtual money in the world, increased in value by 2% to $23,579.8. It had a market valuation of $454 billion. There were almost $17 billion worth of transactions.

“Due to investors analysing the job data released last week, bitcoin recovered by almost 2% after hitting a weekly low. With present support at $23,300, if BTC can maintain its recent momentum, it may run into obstacles at the $25,000 and $30,000 levels.”

Ethereum
Ethererum is the second-largest virtual money, increasing 3.2 percent to $1,643.6 and has a market value of $200.7 billion. In the previous day, $5.8 billion worth of Ethereum was traded.

Ethererum, also known as Ether, which is the second-largest virtual money, increased 3.2 percent to $1,643.6 and has a market value of $200.7 billion. In the previous day, $5.8 billion worth of Ethereum was traded.

Dogecoin
A virtual currency founded on memes, increased 1.5% on Monday. It was valued at $10.9 billion on the market. There were $217.3 million worth of transactions.

Shiba Inu
Shiba Inu market capitalization increased by 3.6 percent to $7 billion. In the previous 24 hours, there were $209.1 million in trades.

Solana
Solana increased 3.4 percent to $23.2 and now has a $8.8 billion market value. In the previous 24 hours, Solana saw $377.6 million in trading.

Polygon
The market capitalization of Polygon increased by almost three percent to $11.2 billion. In the previous 24 hours, there were $424.9 million in trades.