A report of a current event, knowledge, information
Cryptocurrency prices rose today, with the world most popular digital trade Bitcoin more than a percent higher at $17,207. The global cryptocurrency market value remained below the $1 trillion mark today, although it increased in the past 24 hours to $902 billion, according to data from CoinGecko.
"During the weekend, Bitcoin changed hands between the levels of $ 16,900 and $ 17,300. This shows a strong fight between bulls and bears to gain power. Support for BTC is currently at the $16,000 level, where the bears may start operating. However, immediate buyer resistance is at $17,622 to reverse the bottom position. On the other hand, Ethereum is trading close to the $1,300 level, gaining more than 10% over the weekend. If the price is able to break above the current level, that will indicate weakness," said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform.
On the other hand, Ether, a coin linked to the Ethereum blockchain and the second-largest cryptocurrency, also gained more than 2% to $1,292. Meanwhile, the price of dogecoin is trading more than 2% higher today at $0.10 while Shiba Inu is higher than one percent at $0.000009.
The current performance of other cryptocurrencies has also been promoted such as Binance USD, Avalanche, Tether, Terra, Solana, Polygon, ApeCoin, Litecoin, Stellar, XRP, Cardano, Uniswap, Polkadot, Chainlink trading price and profit n 24 hours ago Tron crashed.
The crypto sector was worth almost $3 billion at the end of last year, before the market turmoil that caused interest rate hikes and several market crashes. The company is wiping out more than $2 trillion in value. Bitcoin, the largest token, was down three-quarters from an all-time high of $69,000.
FTX filed for bankruptcy in November after a week that may have been linked to the collapse of crypto exchange Binance, Bankman-Fried accused of diverting customer funds to FTX trading affiliate Alameda Research, and the exchange saw political of about $6 billion in just 72 hours.