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Tag: Bitcoin

On Wednesday, cryptocurrencies extended their losses. The global crypto market cap was $1.01 trillion, with $57.1 billion in volume in the previous 24 hours.

Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, dropped 2.3 percent to $22,561.9. Its market capitalization was $434.5 billion. The total value of trade was $27.5 billion.

Ethererum
The second largest virtual currency, fell 6% to $1,540.3, with a market capitalisation of $188.5 billion. In the last 24 hours, the trade volume of Ethereum was $9.1 billion.

Dogecoin
Dogecoin, a meme-based virtual currency, fell 6.6 percent to $0.1. Its market capitalization was $11.1 billion. The total trade volume was $581.8 million.

Solana
With a market capitalisation of $4.4 billion, Solana fell 0.5 percent to $12.1. Solana’s trade volume in the last 24 hours was $162 million.

Shiba Inu
Shiba Inu market capitalisation fell 7.5 percent to $6.1 billion. In the last 24 hours, the trade volume was $296.4 million.

Polygon
Polygon fell 5.2 percent to $0.9, with a $8.3 billion market capitalisation. In the last 24 hours, the trade volume was $535.9 million.

Since November 2022, Ethereum (ETH), arguably the most popular crypto coin after Bitcoin (BTC), has managed to break through the $1,600 barrier. The global market cap, which had been on a downward trend, surpassed $1 trillion over the weekend. BTC has managed to stay within the $22,000 range. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP), experienced a mix of dips and gains. With a 24-hour gain of more than 44 percent, the Axie Infinity (AXS) token emerged as the biggest gainer of the bunch.

At the time of writing, the global crypto market cap was $1.04 trillion, representing a 0.69 percent 24-hour gain.

Bitcoin price today
According to CoinMarketCap, the price of bitcoin was $22,689.25 after a 0.28 percent drop in the previous 24 hours. BTC was trading at Rs 19.16 lakhs on the Indian exchange WazirX.

Ethereum price today
At the time of writing, the price of ETH was $1,632.57, representing a 0.66 percent 24-hour gain. According to WazirX, the current price of Ethereum in India is Rs 1.36 lakhs.

Dogecoin price today
According to CoinMarketCap data, DOGE gained 5.45 percent in a 24-hour period and is now trading at $0.08992. According to WazirX, the Dogecoin price in India is Rs 7.56.

Litecoin price today
Litecoin lost 0.42 percent in a 24-hour period. It was trading at $88.07 at the time of writing. In India, the price of LTC was Rs 7,356.07.

Ripple price today
The price of XRP was $0.4054, up 0.22 percent in 24 hours. According to WazirX, the current price of Ripple is Rs 34.16.

Solana price today
Solana was trading at $24.61, down 1.53 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,050.

On early Saturday morning, Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto coins, surpassed the $22,500 and $1,600 marks, respectively. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also rose in value, as overall prices increased. The Quant (QNT) token was the biggest gainer, gaining more than 23 percent in a 24-hour period. Convex Finance (CVX), on the other hand, was the biggest loser.
 
At the time of writing, the global crypto market cap was $1.04 trillion, up 5.81 percent in 24 hours.
 
Bitcoin (BTC) price today
According to CoinMarketCap, the price of bitcoin was $22,616.76 after a 7.21 percent gain in a 24-hour period. BTC was trading at Rs 18.72 lakhs on the Indian exchange WazirX.
 
Ethereum (ETH) price today
At the time of writing, the price of ETH was $1,653.36, representing a 6.32 percent 24-hour gain. According to WazirX, the current price of Ethereum in India is Rs 1.38 lakhs.
 
Dogecoin (DOGE) price today
According to CoinMarketCap data, DOGE gained 5.69 percent in a 24-hour period and is now worth $0.08634. According to WazirX, the Dogecoin price in India is Rs 7.23.
 
Litecoin (LTC) price today
Litecoin gained 7.06 percent in a 24-hour period. It was trading at $90.18 at the time of writing, with the LTC price in India standing at Rs 7,549.
 
Ripple (XRP) price today
The price of XRP was $0.411, representing a 5.16 percent gain in a 24-hour period. According to WazirX, the current price of Ripple is Rs 34.10.
 
Solana (SOL) price today
Solana was trading at $25.10, up 17.61 percent in 24 hours. According to WazirX, the SOL price in India is Rs 2,104.31.
Without providing any other information, the U.S. Justice Department announced in a statement that it would “launch a substantial, international cryptocurrency enforcement action” on Wednesday.
 
The US Department of the Treasury will also declare an action in this space, according to the statement. U.S. officials would announce the plan at 12 PM (1700 GMT), the department was informed.
 
At 10:30 IST, a number of US government representatives will appear in Washington, including Deputy US Attorney General Lisa Monaco and Deputy US Treasury Secretary Wally Adeyemo (1700 GMT).
 
The US attorney for the Eastern District of New York and the assistant deputy director of the FBI will also be there.
 
Bitcoin is currently experiencing its longest winning streak in more than nine years, presumably shaking off any negative sentiment it was mired in last year, and is on the verge of experiencing its longest winning streak in almost ten years as cryptocurrency-related stocks are once again on the rise.
 
At 1:16 PM in New York on Tuesday, bitcoin was trading at $21,209, up as high as 2.1 percent. In addition, the value of other tokens has increased, with an index of the 100 largest coins rising by around 2.5 percent. Shares of other companies active in the cryptocurrency sector increased even higher, including Marathon Digital Holdings Inc., Riot Platforms Inc., and Coinbase Global Inc.
 
The market cap of all cryptocurrencies appears to be approaching $1 trillion once more soon. Over the last weekend, it succeeded in crossing that barrier for the first time since November 2022. For the time being, it seems like the market as a whole is improving. The prices of Bitcoin (BTC) and Ethereum (ETH) manage to hold steady at $21,000 and $1,500, respectively. Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP), among other well-known altcoins, all managed to finish in the black. The greatest gainer was Memecoin Shiba Inu (SHIB), which saw a 24-hour increase of more than 22%.
 
At the time of writing, the market capitalization of all cryptocurrencies was $999.09 billion, a decline of 1.41 percent over the previous 24 hours.
 
Bitcoin price today
According to Coin Market Cap, the price of one bitcoin was $21,300.77, up 0.89 percent over the previous day. The price of Bitcoin was Rs 17.93 lakhs, according to Indian exchange WazirX.
 
Ethereum price today
At the time of writing, the price of ETH was $1,584.52, up 1.38 percent over the previous 24 hours. According to WazirX, the price of ethereum in India was Rs. 1.34 lakhs.
 
Dogecoin price today
According to data from CoinMarketCap, the 24-hour gain for DOGE, which is presently trading at $0.08698, was 4.25 percent. Dogecoin’s price in India was Rs 7.42, according to WazirX.
 
Litecoin price today
A 24-hour increase of 2.76 percent was seen in Litecoin. It was currently trading at $87.83 at the time of writing. In India, the cost of LTC was Rs 7,333.
 
Ripple price today
The price of XRP was $0.3885, up 1.66 percent over the previous day. The price of ripple was Rs 32.55, according to WazirX.
 
Solana price today
The price of solana was $23.08 at the time, up 0.38 percent over the previous day. According to WazirX, the price of SOL in India was Rs 1,950.48.
The global crypto market cap fell slightly early Tuesday morning, falling to around $985 billion. Despite some losses, Bitcoin (BTC) and Ethereum (ETH) managed to stay stable around $21,000 and $1,500, respectively. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), experienced more losses than gains. With a 24-hour gain of more than 7%, the Decentraland (MANA) token emerged as the top gainer of the bunch.
 
At the time of writing, the global crypto market cap was $987.31 billion, a 0.54 percent drop in a 24-hour period.
 
Bitcoin price today
According to CoinMarketCap, the price of bitcoin was $21,133.08 after a 0.01 percent drop in the previous 24 hours. BTC was trading at Rs 17.85 lakhs on the Indian exchange WazirX.
 
Ethereum price today
At the time of writing, the price of ETH was $1,567.68, representing a 0.13 percent 24-hour drop. According to WazirX, the current price of Ethereum in India is Rs 1.32 lakhs.
 
Dogecoin price today
DOGE fell 3.36 percent in a 24-hour period, according to CoinMarketCap data, and is now trading at $0.08379. According to WazirX, the Dogecoin price in India was Rs 7.12.
 
Litecoin price today
Litecoin fell 2.45 percent in a 24-hour period. It was trading at $85.46 at the time of writing. In India, the price of LTC was Rs 7,200.
 
Ripple price today
The price of XRP was $0.3846 after a 4.43 percent loss in 24 hours. According to WazirX, the current price of Ripple is Rs 32.30.
 
Solana price today
Solana was trading at $23.29, up 0.13 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,055.
 
On Monday, the cryptocurrency market was trading in the green. Bitcoin (BTC) increased by 2% to trade above $21,000, while Ethereum (ETH) increased by nearly 3% to trade above $1500.
 
BTC volume in the last 24 hours was approximately $21.6 billion, representing a 26.86% increase in the last 24 hours.
 
“Bitcoin has reached a new high of $21,000, as investors believe it has reached its bottom and that inflation has peaked. This is the first time Bitcoin has surpassed $20,000 in over two months. The cryptocurrency has also increased by 26.4% since its low of $16,496 on January 1. Ether, the coin associated with the Ethereum blockchain network, increased by 5.91% “Mudrex CEO and Co-Founder Edul Patel stated.
 
On Thursday, other popular crypto tokens were also trading higher. Shiba Inu increased by 6.3%. Gains were also seen in Polygon, Dogecoin, Cardano, and XRP.
 
“The crypto market cap has surpassed $1 trillion as a result of a 20% increase in Bitcoin and Ether prices in just seven days. This is a strong indication that bulls are returning to the market, with US central banks successfully lowering inflation and preventing the economy from entering a recession. If macroeconomic factors remain favourable, the current market momentum is expected to continue “According to Shivam Thakral, CEO of BuyUcoin.
 
The total volume in DeFi is currently $4.84 billion, accounting for 10.05% of the total 24-hour volume in the crypto market. The total volume of all stablecoins is now $42.53 billion, accounting for 88.35% of the total 24-hour volume of the crypto market.
 
According to CoinMarketCap, the market cap of Bitcoin, the world’s largest cryptocurrency, was hovering around $407.4 billion, with a dominance of about 40.98%, a 0.05% decrease over the day.
 
  • Bitcoin Price $21,150 2.13%
  • Ethereum Price $1,572 3.02%
  • Tether Price $1 0.02%
  • USD Coin Price $1 0.01%
  • BNB Price $305 2.24%
  • XRP Price $0.4024 3.37%
  • Dogecoin Price 0.08674 2.22%
  • Cardano Price $0.3598 3.89%
  • Polygon Price $1.02 5.57%
  • Polkadot Price $5.98 1.48%
  • Tron Price $0.05653 2.81%
  • Litecoin Price $87.82 0.94%
  • Shiba Inu Price $0.00001078 6.53%
  • Solana Price $23.26 1.58%
 
(Note: Price change in last 24 hours)
On early Thursday morning, Ethereum (ETH) surpassed the $1,400 mark for the first time since November of last year. Bitcoin (BTC) on the other hand, has broken through the $18,000 barrier for the first time since December 2022. Other popular altcoins, such as Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), made it into the greens. With a 24-hour gain of more than 28 percent, the Avalanche (AVAX) token became the top gainer of the bunch.
 
At the time of writing, the global crypto market cap was $890.02 billion, representing a 4.16 percent gain in a 24-hour period.
 
Bitcoin price today
At the time of writing, the global crypto market cap was $890.02 billion, representing a 4.16 percent gain in a 24-hour period.
 
Ethereum price today
At the time of writing, the price of ETH was $1,401.46, representing a 5.24 percent 24-hour gain. According to WazirX, the current price of Ethereum in India is Rs 1.17 lakhs.
 
Dogecoin price today
According to CoinMarketCap data, DOGE gained 4.50 percent in a 24-hour period and is now trading at $0.08009. According to WazirX, the Dogecoin price in India is Rs 6.71.
 
Litecoin price today
Litecoin gained 5.33 percent in a 24-hour period. It was trading at $84.74 at the time of writing. In India, the price of LTC was Rs 7,298.
 
Ripple price today
The price of XRP was $0.3775 after a 7.90 percent gain in 24 hours. Ripple’s current price is Rs 31.50, according to WazirX.
 
Solana price today
Solana was trading at $16.45, up 2.73 percent in 24 hours. According to WazirX, the SOL price in India was Rs 1,408.

Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto coins, managed to stay stable early Wednesday morning, hovering around $17,000 and $1,300, respectively. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), experienced a mix of minor gains and losses. The WOO Network (WOO) token was the top gainer, rising 10.46 percent in 24 hours. GALA, on the other hand, was the biggest loser, falling 9.73 percent in a 24-hour period.

At the time of writing, the global crypto market cap was $854.99 billion, up 0.77 percent in 24 hours.

Bitcoin price today
Bitcoin price stood at $17,409.74, registering a 24-hour gain of 1.05 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.74 lakhs.

Ethereum price today
At the time of writing, the price of ETH was $1,330.87, representing a 0.27 percent 24-hour increase. According to WazirX, the current price of Ethereum in India is Rs 1.13 lakhs.

Dogecoin price today
According to CoinMarketCap data, DOGE gained 0.77 percent in 24 hours and is currently trading at $0.07649. According to WazirX, the Dogecoin price in India is Rs 6.55.

Litecoin price today
Litecoin lost 1.02 percent in a 24-hour period. It was trading at $80.51 at the time of writing. In India, the price of LTC was Rs 6,800.01.

Ripple price today
The price of XRP was $0.3638 after a 4.59 percent gain in 24 hours. According to WazirX, the current price of Ripple is Rs 31.

Solana price today
Solana’s price was $16, down 0.44 percent in 24 hours. According to WazirX, the SOL price in India was Rs 1,351.

After the devastation of 2022, cryptocurrencies have snuck into the new year while licking their wounds. Although it has increased 5% to $871 billion since January 1, the total market value of all cryptocurrencies is still down more than 57% from this time last year.
 
Although it is restricted to a small range between $16,500 and $17,300, the price of bitcoin has increased by 4.3% since the beginning of 2023. According to Refinitiv Eikon statistics, the world’s largest cryptocurrency is strangely quiet, with its 7-day volatility falling to levels not seen since October 2018.
 
“It will be a year for the patient,” predicted Vetle Lunde, senior analyst at Arcane Research, “since we do not expect prices hitting former all-time highs in 2023.”
 
Crypto Compare statistics shows that cryptocurrency spot trading volumes are still very low despite falling by around 48% in December over the previous month to $544 billion, its lowest level since December 2019.
 
While decreased trading volumes are typical at the beginning of the year, Arcane Research claims that a “general exodus” of active retail investors has contributed to the crypto market’s lethargy.
 
However, following the 2022 bitcoin slaughter, muted sounds fairly nice to certain market participants.
 
Callie Cox, investment analyst at investing platform eToro, said: “I feel encouraged by the floor we’ve seen forming under bitcoin; it suggests there’s a lot of demand around $16,000 and $17,000 levels.”

So what happens now?

THE BULL’S TALE

Bollinger bands, a technical indicator that tracks price and volatility, have been getting closer together on bitcoin charts, according to Marcus Sotiriou, analyst at digital asset trader GlobalBlock.
 
The bands are the tightest they’ve been since July 2020, and he continued that such tightening typically comes before big swings to the upside for bitcoin.
 
“These low volatility periods rarely last long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets,” he said.
 
Furthermore, according to Coinglass data, funding rates for perpetual bitcoin futures have been positive since December 19, indicating that traders are betting on price rises and will pay to keep their long positions open.

THE BEAR’S TALE

Cryptocurrencies, on the other hand, remain vulnerable to macroeconomic headwinds as concerns swirl around a slowing global economy.
 
“People have less disposable income to invest in what they perceive to be risky assets like crypto,” said GlobalBlock’s Sotiriou.
 
Economic uncertainty may cause investors to flee to the safety of the US dollar, which is inversely correlated to bitcoin, according to Dalvir Mandara, a quantitative researcher at MacroHive.
 
“The macro backdrop for crypto remains bearish,” Mandara added in a note on Thursday.
 
Meanwhile, crypto corporations are dealing with the fallout from Sam Bankman-FTX Fried’s exchange.
 
Some major corporations have begun to lay off employees in an effort to cut costs, while Silvergate Bank reported a $8 billion drop in crypto-related deposits, sending its shares down nearly 43%.
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