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Bitcoin Plunges Below $30,000 Mark, Ether in Red; Full List

Cryptocurrency Price Today: The cryptocurrency market on June 2, Thursday, plunged yet again after seeing a ray of hope over the past few days, imitating stock market trends. Major cryptocurrencies, including Bitcoin, corrected themselves and as a result wiped off all gains they made a few days ago. The global cryptocurrency market was standing at $1.24 trillion, down by 4.26 per cent over the past 24 hours, as the situation remained volatile.

“The South Korean government will be forming a Digital Assets Committee, targeted as early as this month, to oversee the digital assets market. Specific parameters of the committee include providing criteria for the listing of coins by exchanges, introducing investor protections measures and monitoring unfair trading. This is a welcome move for the industry in bringing greater regulatory clarity to the space. Not only is it a necessary step for digital assets to reach mainstream adoption, it also represents a great opportunity for the crypto industry to mature and truly flourish,” said the CoinDCX research Team.

Bitcoin plunged below the $30,000 levels again during early hours, but later managed to move past the mark. Bitcoin price today fell by 4.61 per cent to stand at $30,139.37 at the time of writing this article. On the other hand, Ether price today was standing at $1,836.98, falling by 5.23 per cent over the past 24 hours.

“Bitcoin corrected by nearly 6% yesterday dropping below the $30K level once again. BTC had made minor recovery in the last couple of days rallying above $32K but the momentum did not last long as the Dollar index regained some lost ground. The daily trend for Bitcoin continues to traverse within a descending triangle pattern,” noted the WazirX trade desk.

“The next resistance for BTC is expected at $40,000 and an immediate support is expected at $26,800. Bitcoin needs to break past the $40K level to witness any significant upward rally. Until then BTC may continue to consolidate between the $28K to $40K,” it said.

“With the US equities enduring another day of retracement, the crypto markets followed a similar path. With the high correlation between BTC and the S&P 500 index, the odds of traders remaining bullish on cryptocurrencies was lower,” said Darshan Bathija, CEO and co founder of Vauld.

“The market is performing in correlation with global markets. Major newly L1 coins like Solana and Avax are 80-90% down from their ATH as they were bought purely based on speculation during the bull market, and we see investors getting out of those positions. We have to wait for that trigger point to see it all going green again,” said Om Malviya, president of Tezos India.

Here are the top 10 cryptocurrencies and their prices on June 1, 2022 ( According to data from coinmarketcap.com)

Bitcoin $30,139.37 or 4.61 per cent loss in the last 24 hours

Ethereum $1,836.98 or 5.23 per cent loss in the last 24 hours

Tether $0.9993 or 0.00 per cent loss in the last 24 hours

USD Coin $1.00 or 0.03 per cent gain in the last 24 hours

BNB $305.07 or 3.63  per cent loss in the last 24 hours

Cardano $0.5816 or 4.09 per cent loss in the last 24 hours

XRP $$0.398 or 4.28 per cent loss in the last 24 hours

Binance USD $0.9998 or 0.20 per cent loss in the last 24 hours

Solana $40.32 or 9.72 per cent loss in the last 24 hours

Dogecoin $0.0816 or 6.21 per cent loss in the last 24 hours

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Bitcoin Price Below $36,000; Ether, Terra, Fall; See List

Cryptocurrency price today: The global cryptocurrency market on Saturday, May 7, continued to spiral further down as markets ended on a choppy note after the FOMC meeting and the US Federal Reserve’s rate hike. The world’s largest cryptocurrency by volume, Bitcoin, also sank further 2 per cent on the day to go below the $36,000 mark. This was the lowest the crypto coin has been in over a month. The cryptocurrency market has remained volatile this year after sustained attacks of the pandemic, Russia-Ukraine war and a resultant global inflation that has made traders draw back from investing in crypto coins.

Bitcoin price today was standing at $35,857.39 at the time of writing this article. This was a sharp plunge of 1.86 per cent over the last 24 hours, according to data from global cryptocurrency tracking website CoinMarketCap. In the last seven days, Bitcoin, the world’s largest cryptocurrency, has shed over 7.41 per cent. Bitcoin lost around 10 per cent of its value on Friday following a steep cut.

On the other hand, Ether price today was trading at $2,665.99 while writing this article, as per data from the same website. This was down by as much as 2.96 per cent in the last 24 hours. The world’s second most popular coin had also shed much of its value on Friday. In the last seven days, Ether price dipped around 5.85 per cent, as per data.

“The outcome of the Federal Open Markets Committee and press briefing by Fed chief Jerome Powell gave a slight push to the crypto market as the committee decided to raise the interest rate by 50 basis points and chalked out plans to cool down inflation. Most of the crypto gains were short-lived and the crypto market nosedived again after sellers returned to the market,” said Shivam Thakral, CEO of BuyUcoin on Thursday.

The value of the global cryptocurrency market slipped by 2.05 per cent over the last 24 hours to scale $1.64 trillion. Memecoins including Dogecoin and Shiba Inu plunged on Saturday as well. Dogecoin price today was standing at $0.1274, down by 1.08 per cent. Meanwhile, Shiba Inu price today was at  $0.00001977, down by 2.37 per cent.

Here are the top 10 cryptocurrencies and their prices on May 7, 2022 ( According to data from coinmarketcap.com)

Bitcoin $35,857.39 or 1.86 per cent loss in the last 24 hours

Ethereum $2,665.99 or 2.96 per cent loss in the last 24 hours

Tether $1.00 or 0.00 per cent loss in the last 24 hours

BNB $376.17 or 0.82 per cent loss in the last 24 hours

USD Coin $1.00 or 0.01 per cent loss in the last 24 hours

XRP $0.5958 or 2.15 per cent loss in the last 24 hours

Solana $80.32 or 3.52 per cent loss in the last 24 hours

Cardano $0.7686 or 3.23 per cent loss in the last 24 hours

Terra $73.09 or 9.58 per cent loss in the last 24 hours

TerraUSD $1.00 or 0.13 per cent gain in the last 24 hours

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Bitcoin, Ether Trade in Red as Markets Reel Under Pressure

Cryptocurrency Price Today: All major crypto coins except Tether and USD Coin suffered slight losses at opening on Wednesday, May 4 as markets remained choppy on the day ahead of the FOMC meeting and amid the Russia Ukraine tensions. The global cryptocurrency market remained flat, signifying the indecision of investors to trade in the business. Though Bitcoin went past the $38,000 mark briefly, it retraced later in the day and remained close to the $37,000 level.

Bitcoin price today at the time of writing this article was standing at $38,121.56, according to data from global cryptocurrency tracking website CoinMarketCap. This was down by 1.04 per cent in the last 24 hours. The world’s largest cryptocurrency is down by 0.80 per cent in the last seven days according to data.

“The Bitcoin markets retraced and was priced above $38,000; BTC price movement was more or less flat over the past 24 hours, indicating indecision from traders. Market participants will most likely expect the price volatility to continue into the rest of the week as the FED approaches its decision on the May interest hike,” said Darshan Bathija, CEO and co founder of Vauld.

The world’s second most popular cryptocurrency, was also down slightly on the day. Ether price today was standing at $2,795.88 at the time of writing, and was down by 1.68 per cent in the last 24 hours. Ethereum prices have dipped 1.80 per cent over the last seven days. On the other hand, popular altcoin Solana lost over 3 per cent to get valued at $86.01, data showed.

The global cryptocurrency market cap was trading at $1.72 trillion, a slight rise of 0.51 per cent over the last 24 hours. The total crypto market volume over the last 24 hours is $71.74 billion, which makes a 12.55 per cent decrease, data from CoinMarketcap showed on the day.

“Federal Open Market Committee (FOMC)’S meeting on Wednesday could result in an interest rate hike by 50 basis points. Usually, a hike in interest rates could negatively impact the Crypto and equities markets as investors are more cautious. Bitcoin’s current high correlation to the equities market means that the digital asset may face selling pressure in the market,” added Bathija.

Here are the top 10 cryptocurrencies and their prices on May 3, 2022 (data from coinmarketcap.com)

Bitcoin $38,121.56 or 1.04 per cent loss in the last 24 hours

Ethereum $2,795.88 or 1.68 per cent loss in the last 24 hours

Tether $1.00 or 0.01 per cent gain in the last 24 hours

BNB $386.32 or 0.97 per cent loss in the last 24 hours

USD Coin $1 or 0.01 per cent gain in the last 24 hours

XRP $0.6087 or 1.35 per cent loss in the last 24 hours

Solana $86.01 or 3.01 per cent loss in the last 24 hours

Terra $83.81 or 1.01 per cent gain in the last 24 hours

Cardano $0.7788 or 1.43 per cent loss in the last 24 hours

TerraUSD $0.9999 or 0.10 per cent loss in the last 24 hours

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Bitcoin Flat at $39,000, Ether, Dogecoin Slightly Up; Full List

Cryptocurrency Price Today: Bitcoin, Ethereum and some other major crypto coins on Friday, April 29, gained slightly and resulted in the global crypto market cap getting back in green, as markets still remained volatile amid the Fed’s hawkish views. According to data from CoinMarketCap, the global cryptocurrency market cap was standing at $1.81 trillion. This was slightly up by 0.14 per cent over the last 24 hours. On the other hand, Bitcoin price today neared the $40,000 mark again, after crashing down below $39,000 for the first time this month in a recent downfall.

Bitcoin price today was standing at $39,598.09 at the time of writing this article, data from CoinMarketCap showed. This was up by 0.46 per cent over the last 24 hours, but down by 2.74 per cent in the last seven days

“Social interest, particularly in buying the dip, has been increasing during BTC’s recent pullback. According to on-chain data by Santiment, social volume for BTC shot up significantly over the past few days. Though BTC breached the $40,000 level today, it quickly declined below the same level,” said Darshan Bathija, CEO and co founder of Vauld.

“What this indicates is that Bitcoin’s price recovery will not be a walk in the park. The IOMAP model by IntoTheBlock highlights a massive barrier running from $39,099 to $40,245. Investors who bought BTC in this zone would be seeking to liquidate, adding to the selling pressure,” he added

“We also need to keep in mind that almost $2B worth of options will expire today; it’s highly likely that market participants will try to push BTC below $39,000.” further said Bathija to News18.com.

Ether price today was also slightly up by 0.75 per cent. The value of one Ethereum, the second most popular cryptocurrency after Bitcoin, was standing at $2,925.63 while writing this article. Bitcoin prices have been down by 3.11 per cent in the last seven days.

“Ethereum gained back some lost ground in the last couple of days to edge above $2,900 and gained close to 4% in that period. Ethereum against Bitcoin dropped marginally with the BTC’s dominance index staying edging above 42% for the first time since 25 days. We could expect Ethereum to weaken against BTC in the coming days as Bitcoin’s is expected to rise at a steady rate. The daily trend for ETH against BTC continues its movement within a megaphone pattern. The next resistance is expected at 0.078 and next support is expected at 0.0653,” said the WazirX trade desk.

Dogecoin remained in the 10th position among top cryptocurrencies for four consecutive days, after beating Avalanche, as investors rushed in since Tuesday to invest in this memecoin. This was a direct result of Tesla CEO Elon Musk, who has backed Dogecoin in the past, buying Twitter.

Here are the top 10 cryptocurrencies and their prices on April 27, 2022 (data from coinmarketcap.com)

Bitcoin $39,598.09 or 0.46 per cent gain in the last 24 hours

Ethereum $2,925.63 or 3.28 per cent gain in the last 24 hours

Tether $1.00 or 0.00 per cent gain in the last 24 hours

BNB $405.95 or 3.39 per cent gain in the last 24 hours

USD Coin $0.9998 or 0.01 per cent gain in the last 24 hours

Solana $97.85 or 1.63 per cent loss in the last 24 hours

XRP $0.6408 or 1.37 per cent loss in the last 24 hours

Terra $87.01 or 2.91 per cent loss  in the last 24 hours

Cardano $0.8369 or 0.42 per cent loss in the last 24 hours

Dogecoin $0.1408 or 0.76 per cent gain in the last 24 hours

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Bitcoin Below $40,000 After 2 Months, Ether, XRP Fall; Full List

Cryptocurrency Price Today: Bitcoin slipped below the $40,000 mark on Tuesday, April 11, after gaining for quite a few days on a row and even nearing the $50,000 mark again amid negative market sentiments. At the time of writing this article, the price of one unit of Bitcoin, the world’s largest cryptocurrency, stood at $39,910, a drop of 5.21 per cent over the last day. Over the past week, Bitcoin price has dropped by 14.12 per cent, as per data by coinmarketcap.com.

“Bitcoin has dropped below $40,000 for the first time in almost a month as the overall global financial markets weakened. The RSI plummeted to 35 as BTC entered the oversold zone. The last time this happened was in February 2022. The overall public sentiment for the token has quickly gone to the Extreme Fear level on the Fear & Greed index. The daily trend for BTC is on the verge of breaking out of the ascending channel pattern. An immediate support for BTC is expected at $37,600,” said the WazirX trade desk.

Ether prices too dropped by 5.13 per cent over the past day to stand at $3,010.73 at the time of writing this article. The price of Ethereum has slipped by 14.40 per cent in the last seven days. The global cryptocurrency market has also dropped as a result of negative market sentiments and altcoins dropping as Fed increased the interest rates again.

“One of the key movements we’ve seen is Bitcoin’s close correlation with technology stocks. Particularly, the Nasdaq 100 or NDX. The correlation between NDX and Bitcoin recently hit a 10-year high. This indicates that Bitcoin is behaving like a risk-on asset,” said Darshan Bathija, CEO and co founder of Vauld.

“And with the Federal Reserve raising interest rates, the notion is investors will move out of risk-on assets and into risk-off assets like bonds and gold. As the market is expecting this narrative to play out, Bitcoin is being hammered. By extension, the crypto markets are feeling the pressure,” Bathija added.

“Despite the Luna Foundation Guard adding another $173 million in BTC to its reserve wallet over the weekend, the market leader and most altcoins fell. Traders are struggling to grasp a bullish narrative for BTC and the broader market in the short term, as they anticipate the United States Consumer Price Index inflation print tomorrow. In conjunction with hawkish remarks from the Fed last week, a higher-than-expected CPI report could signal more downside as central banks aim to curb inflation with tighter monetary policy,” said the OKX research team.

Here are the top 10 cryptocurrencies and their prices on April 11, 2022 (data from coinmarketcap.com)

Bitcoin $39,910 or 5.21 per cent loss in the last 24 hours

Ethereum $3,010.73 or 5.13 per cent gain in the last 24 hours

Tether $1.00 or 0.00 per cent gain in the last 24 hours

BNB $406.49 or 2.35 per cent loss in the last 24 hours

USD Coin $0.9998 or 0.01 per cent loss in the last 24 hours

XRP $0.7053 or 5.12 per cent loss in the last 24 hours

Solana $102.67 or 6.92 per cent loss in the last 24 hours

Cardano $0.9513 or 6.33 per cent loss in the last 24 hours

Terra $84.81 or 4.24 per cent loss in the last 24 hours

Avalanche $77.17 or 3.29 per cent loss in the last 24 hours

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Bitcoin Flat at $47,000, Ether, Solana, Terra Dip Slightly

Cryptocurrency Price Today: Bitcoin on Wednesday, March 30, broke its days-long streak of recording higher prices, to stay almost flat at a little over $47,000.  In the recent days, Bitcoin price saw going up to its highest levels of the year, after its value dipped below $35,000 in the months prior to that. One unit of Bitcoin price today was standing at $47,228.22 at the time of writing this article, down slightly by 0.78 per cent in the last 24 hours. As per data by CoinMarketCap, Bitcoin price has jumped by as much as 12.61 per cent in the last seven days.

It must be noted that Bitcoin price yesterday touched a three-month high and remained above the $47,000 mark on the day.

“Bitcoin maintained a stronghold above the $47K level for the second day in a row and has been on the rise for more than a week. The RSI for BTC crossed 70 for the first time since October last year and has entered the oversold zone. We could see some profit booking at this level which inturn may pull down the prices. The 4-hourly chart for Bitcoin indicates a breakout from an ascending channel pattern. The next resistance for BTC is expected at $48,600,” said the WazirX trade desk in a note to News18.com.

Ether price today also stood almost flat at $3,300, as per data from CoinMarketCap. The price of one unit of Ethereum at the time of writing this article was standing at $3,374.90, down slightly by 0.53 per cent over the past day. In the last seven days, Ether prices shot up by 15.01 per cent, as per data.

“If the prices sustains above the current level we can expect a rally towards the psychological level of $4,000 after facing some resistance. But if it goes down then buying in the dips are in the picture too. The bulls will again try to move up the asset,” said the ZebPay trade desk.

Terra(LUNA), the decentralized financial payment blockchain network, made history  as it rallied above $109 for the first time and broke its previous all time high amidst its Bitcoin accumulation spree, the WazirX trade desk further said.

The global cryptocurrency market cap registered a loss of 0.76 per cent on the day and was standing at $2.13 trillion as all major crypto coins dipped slightly.

Here are the top 10 cryptocurrencies and their prices on March 28, 2022 (data from coinmarketcap.com)

Bitcoin $47,228.22 or 0.78 per cent loss in the last 24 hours

Ethereum $3,374.90 or 0.53 per cent gain in the last 24 hours

Tether $1.00 or 0.00 per cent gain in the last 24 hours

BNB $431.68 or 0.92 per cent loss in the last 24 hours

USD Coin $0.9998 or 0.002 per cent loss in the last 24 hours

XRP $0.8591 or 1.81 per cent loss in the last 24 hours

Cardano $1.18 or 2.58 per cent loss in the last 24 hours

Terra $105.54 or 0.55 per cent loss in the last 24 hours

Solana $109.85  or 0.71 per cent loss in the last 24 hours

Avalanche $91.80 or 2.76 per cent loss in the last 24 hours

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Bitcoin Goes Past $47,000, Ether, Solana Rise; Full List

Cryptocurrency Price Today: The global cryptocurrency market has been in the green zone for the past few days, and Tuesday was no exception. The global cryptocurrency market cap was standing at $2.15 trillion at the time of writing this article, as per data from CoinMarketCap, as all major crypto coins gained on the day. Bitcoin rallied past the $47,000 mark again on the day after while Ethereum neared the $3,500 mark. The high volume of traded coins also encouraged investors to invest in this asset, with the amount of the same going up by 18.38 per cent over the day.

Bitcoin price was standing at $47,566.40 at the time of writing this article, according to data shared by CoinMarketCap. This was up by as much as 1.35 per cent over the last 24 hours. In the past week, Bitcoin price has risen by 12.63 per cent after a fall over the previous months. On Monday, Bitcoin prices hit a three-month high and the rally continued on Tuesday.

“Bitcoin and other major altcoins have been able to hold their gains despite the global geopolitical worries as the regulation proceedings are supporting the market sentiments, which are overall improving. Some market metrics are signaling some fresh positive signals,” said Kunal Jagdale, founder of BitsAir Exchange.

Ether prices, too, rose by 2.71 per cent in the past 24 hours, standing at $3,408.88 at the time of writing this article. Over the last week, Ether prices have risen by as much as 14.23 per cent.

“Eth is currently trading in green with about 2.5 per cent increase in the last 24 hours. If the prices sustains above the current level we can expect a rally towards the psychological level of $4,000 after facing some resistance. But if it goes down then buying in the dips are in the picture too. The bulls will again try to move up the asset,” said the ZebPay trade desk.

“Both BTC and ETH are up by over 12 per cent in one week, but we’re seeing a lot more momentum in the altcoin compared to the Bitcoin. The ratio of the price of ETH to BTC or ETHBTC is up to 0.071, from 0.065 two weeks ago. This shows that ETH’s surge is stronger than Bitcoin. Historically, when this ratio rises, it’s a good indicator of a stronger market,” said Darshan Bathija, CEO and co-founder of Vauld.

Here are the top 10 cryptocurrencies and their prices on March 28, 2022 (data from coinmarketcap.com)

Bitcoin $47,566.40 or 1.35 per cent gain in the last 24 hours

Ethereum $3,408.88 or 2.71 per cent gain in the last 24 hours

Tether $1.00 or 0.00 per cent loss in the last 24 hours

BNB $435.61 or 0.42 per cent gain in the last 24 hours

USD Coin $0.9999 or 0.003 per cent loss in the last 24 hours

XRP $0.8799 or 1.41 per cent gain in the last 24 hours

Cardano $1.22 or 2.59 per cent gain in the last 24 hours

Terra $104.64 or 10.02 per cent gain in the last 24 hours

Solana $110.30 or 0.87 per cent gain in the last 24 hours

Avalanche $93.83 or 3.16 per cent gain in the last 24 hours

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Bitcoin Hits 3-Month High, Ether, Solana in Green; Full List

Cryptocurrency Price Today: World’s most popular cryptocurrency on Monday, March 28, made a record for this year as the digital coin touched a three-months high, going above the $47,000 mark earlier in the day. This came after volatile markets amid Russia-Ukraine war, Covid-19 and other factors pulled down the cryptocurrency to months low as it even went below the $35,000 mark in the beginning of the year. Barring stablecoins, all major cryptocurrencies traded higher on Monday. On the other hand, a high trading volume gave a much needed boost to investors who earlier refrained from investing in the risk assets.

At the time of writing this article, the price of one Bitcoin stood at $46,900.90, according to data from global crypto tracking website CoinMarketCap. This was up by 4.88 per cent in the last 24 hours. Bitcoin prices have jumped by as much as 14.78 per cent over the past week, data from the same website showed.

“The recent Bitcoin rally has resulted in the recovery for some crypto investors as bitcoin has hit a three month high. The massive Bitcoin purchased by Luna Foundation Guard as a part of its plan to create a bitcoin reserve worth $3 billion may have a factor in pushing the bitcoin price to this level,” said Charles Tan, head of marketing at Coinstore.

“Bitcoin after taking multiple support at the rising up trendline is showing good strength and the prices are in green for the seventh consecutive days. The asset was facing strong resistance at $45,500. However, the bulls have managed to beat the key level and the prices are trading above the horizontal trendline and the 200 Day Moving Average. If BTC sustains and closes above $45,500 then we can expect the prices to further rally up to $50,000 to $52,500,” said the ZebPay Trade Desk.

“Over the past few weeks, we’ve seen the number of Bitcoin held on exchanges steadily decreasing. Between March 10 to March 27, we’ve seen over 50,000 Bitcoins leave exchanges for private wallets. Only 13.2 per cent of all BTC in circulation are held on exchanges now. This shows that people want to hold on to their crypto, rather than trade it back and forth on exchanges,” said  Darshan Bathija, CEO and co-founder of Vauld.

Ethereum, the world’s second most popular cryptocurrency also rallied on Monday. One unit of the altcoin was trading at $3,315.71 at the time of writing this article, which was 5.27 per cent higher in the past 24 hours. In the past week, Ether prices have jumped by 15.74 per cent, as per data on CoinMarketCap.

“We may expect a slight correction in the prices soon because investors may consolidate their portfolio as we are approaching the end of the quarter and even the end of the financial year in India and some countries,” added Tan.

Bathija however predicted that Bitcoin prices might move further up in the coming days. “Derivatives data also suggest that most Bitcoin call options are stacked at the $50,000 strike price. This suggests that a lot of people are comfortable buying Bitcoin at the $50,000 mark, so there is more room for prices to move up in the near term.”

Here are the top 10 cryptocurrencies and their prices on March 28, 2022 (data from coinmarketcap.com)

Bitcoin $46,900.90 or 4.88 per cent gain in the last 24 hours

Ethereum $3,318.25 or 5.35 per cent gain in the last 24 hours

Tether $1.00 or 0.02 per cent loss in the last 24 hours

BNB $433.62 or 3.96 per cent gain in the last 24 hours

USD Coin $1 or 0.001 per cent gain in the last 24 hours

XRP $0.8653 or 3.22 per cent gain in the last 24 hours

Cardano $1.18 or 3.71 per cent gain in the last 24 hours

Solana $108.79 or 6.66 per cent gain in the last 24 hours

Terra $95.06 or 4.32 per cent gain in the last 24 hours

Avalanche $90.91 or 5.72 per cent gain in the last 24 hours

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Bitcoin Dips Slightly Amid Volatile Market, Ether Price Rises

Cryptocurrency Update: Bitcoin on Friday, March 18, fell slightly amid volatile markets as the Russia Ukraine tensions continued for over a month. The world’s largest cryptocurrency by market value fell 0.02 per cent in the last 24 hours to $40,755.47 at the time of writing this article, according to global crypto tracking website CoinMarketCap. It must be noted that Bitcoin gained nearly 5 per cent in the last seven days.

Ether, the second most popular cryptocurrency jumped 1.64 per cent in a day to hit $2,798.10, according to CoinMarketCap. On a weekly basis, Ether gained over 8 per cent.

Bitcoin slid below $40,000-level over the last month as the Ukraine-Russia conflict had intensified. On the other hand, gold price jumped to its highest level since June, last year. Analysts had earlier mentioned that Bitcoin may tumble further to drop below $30,000 as traders is expected to favour gold now.

“The US Federal Reserve raised interest rates for the first time since 2018, from 0.25 percent to 0.5 percent to combat the surging inflation rate. In most cases, the rise of interest rates tends to signal uncertainty for the crypto market as investors have greater access to yield from low-risk avenues of the market,” said the CoinDCX Research Team on the crypto market movement a day back.

“Yet, in contrast, the past 24 hours have witnessed the crypto market responding atypically, trending further upwards to continue its bullish trend in the greens,” it said.

This could be a case of a lag in market reaction and investors may only begin to witness its true impact on crypto down the line, it added.

The global cryptocurrency market also jumped slightly again despite the Russia Ukraine crisis as most major crypto coins gained their values. The cryptocurrency market cap was standing at $1.83 trillion, according to data from CoinMarketCap. This was up by 0.26 per cent over the last 24 hours. The The global crypto volume however plunged over the past day. The total volume of traded coins amounted to $78.85 billion over the course of the last day. This has fallen by 16.77 per cent over the last 24 hours, said data on the website.

Here are the top 10 cryptocurrencies and their prices on March 18, 2022 (data from coinmarketcap.com at the time of publishing this article)

Bitcoin $40,755.47 or 0.02 per cent loss in the last 24 hours

Ethereum $2,798.10 or 1.64 per cent gain in the last 24 hours

Tether $1.00 or 0.01 per cent gain in the last 24 hours

BNB $387.79 or 0.67 per cent gain in the last 24 hours

USD Coin $0.9997 or 0.02 per cent loss in the last 24 hours

XRP $85.62 or 2.14 per cent loss in the last 24 hours

Terra $90.16 or 3.20 per cent gain in the last 24 hours

Cardano $0.8317 or 1.59 per cent loss in the last 24 hours

Solana $86.56 or 0.99 per cent loss in the last 24 hours

Avalanche $79.84 or 5.05 per cent gain in the last 24 hours

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6 Crypto Coins Gain Up To 841% in One Day; Bitcoin, Ether Rise

Cryptocurrency Update: The global cryptocurrency market on Thursday, March 17, rose slightly as major crypto coins gained their value. The cryptocurrency market cap today was standing at $1.82 trillion, according to data from global crypto tracking website CoinMarketCap. This was up by 1.61 per cent over the last 24 hours. The The global crypto volume also rose over the past day. The total volume of traded coins amounted to $94.32 billion over the course of the last day. This has jumped by 1.06 per cent over the last 24 hours.

“The US Federal Reserve raised interest rates for the first time since 2018, from 0.25 percent to 0.5 percent to combat the surging inflation rate. In most cases, the rise of interest rates tends to signal uncertainty for the crypto market as investors have greater access to yield from low-risk avenues of the market,” said the CoinDCX Research Team on the crypto market movement.

“Yet, in contrast, the past 24 hours have witnessed the crypto market responding atypically, trending further upwards to continue its bullish trend in the greens,” it said.

This could be a case of a lag in market reaction and investors may only begin to witness its true impact on crypto down the line, it added.

Bitcoin price today stood at $40,894.44 as per data. This was up by 0.82 per cent in the last 24 hours. Ethereum or Ether, the second most popular cryptocurrency in the global market, also rose by 4.25 per cent in the last 24 hours to stand at $2,797.39, according to data by CoinMarketCap.

“The bitcoin prices remained fairly neutral and unfazed at $40K as the US Federal Reserve hiked the Interest rate by 25 basis points. The crypto markets were expected to react strongly to the Fed Reserve decision. Recently, the aid received by Ukraine through cryptocurrency had topped $100 million and, today, with the Ukrainian President legalizing cryptos in the country, this number could grow considerably,” said the WaziX Trade Desk. The next resistance for BTC is expected at $44,500 level

“Alongwith Bitcoin, Ethereum too was largely unaffected due to the recent interest rate hike by the Feds. Ethereum prices maintained its position above the $2,700 level,” it added.

Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap at the Time of Publishing This Article)

CatBoy: $0.03938 – up by 840.76 per cent

Safeloki: $0.000000001677 – up by 410.23 per cent

FaithfulDoge: $0.0000000005358 – up by 271.37 per cent

Egoras Credit: $121.64 – up by 258.18 per cent

HydraMeta: $0.0004007 – up by 249.29 per cent

SnoopFlokiDog: $0.00003776 – up by 234.14 per cent

Top 6 Cryptocurrency Losers in the Last 24 Hours (According to Data from CoinMarketCap at the Time of Publishing This Article)

Spook Inu: $0.00000000002577 – down by 99.00 per cent

CyborgShiba: $0.0000004585 – down by 90.86 per cent

Covid Cutter: $0.00007447 – down by 74.24 per cent

BALI TOKEN: $0.0000008462 – down by 70.92 per cent

HelpSeed: $0.0001439 – down by 65.69 per cent

GNY: $0.04559 – down by 65.30 per cent

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