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Jul 29,2023

Post-FOMC result, Bitcoin surges above $29,400, Solana, Cardano jump up to 7%

As a result of the US Federal Reserve sticking to plan and raising interest rates by 25 basis points on Thursday, the cryptocurrency markets were generally trading higher.In line with expectations, the Fed increased its benchmark lending rate to a range between 5.25% and 5.5%. Chair Jerome Powell stated during a press conference that the Fed will wait for data before deciding whether to increase rates again.Ethereum (ETH) was trading above the 1,850 level while Bitcoin (BTC) increased 0.67% to $29,429 in value. BTC volume increased by 20.32% over the previous day to reach about $12.96 billion.Most cryptocurrencies had a little gain when the US Federal Reserve boosted interest rates by 25 basis points, as the market had anticipated. Bitcoin, which on Tuesday hit a low of US$29,097, is currently showing signs of recovery and has above the US$29,400 mark.However, the bulls must demonstrate their control and keep the price above the US$31,000 level in order to counteract aggressive bearish thoughts.On Friday, prices increased for a number of popular crypto assets, including XRP, BNB, Cardano, and Solana. In the meantime, the market capitalization of all cryptocurrencies was increasing, trading at roughly $1.19 trillion, up 0.87% over the previous day.DeFi has a total volume of 2.72 billion, which is 8.94% of the 24-hour volume of the entire crypto market. Currently, the 24-hour volume of all stablecoins is $27.94 billion, or 91.8% of the overall volume of the crypto market.The largest cryptocurrency in the world by market cap, Bitcoin, was valued at over $571 billion. According to CoinMarketCap, the market share of Bitcoin is currently 48.21%, a drop of 0.1% from the previous day.
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Jul 27,2023

Bitcoin is still trading below $30,000, and COMP is the top gainer

Summary of the 26th of July's cryptocurrency price: The total market capitalization decreased to $1.18 trillion.As of Wednesday morning, Bitcoin, the first and most valuable cryptocurrency in the world, was unable to surpass the $30,000 mark. A combination of reds and greens were seen across the board for other well-known altcoins, including as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). The market fear and greed index had a neutral reading of 52 (out of 100), standing at zero. With a gain of more than 7% over the course of a day, the Compound (COMP) token emerged as the top gainer. With a drop of more than 9 percent over the course of a day, XDC, on the other hand, ended up being the greatest loser. At the time of writing, the market capitalization of all cryptocurrencies was $1.18 trillion, representing an increase of 0.65% over the previous day.Bitcoin Price TodayAccording to CoinMarketCap, the price of one bitcoin was $29,240.85, up 0.47 percent over the previous day. WazirX, an Indian exchange, reported that the price of one bitcoin was Rs 25.36 lakh.Ethereum Price TodayAt the time of writing, the price of ETH was $1,859.42, up 0.42 percent over the previous day. According to WazirX, the price of ethereum in India was Rs. 1.62 lakh.Dogecoin Price TodayCurrently trading at $0.0808, DOGE saw a 24-hour increase of 4.84 percent, according to statistics from CoinMarketCap. Dogecoin's price in India was Rs 6.88, according to WazirX.Litecoin Price TodayLitecoin gained 0.80% over the course of a day. Its price at the time of writing was $89.83. The cost of LTC in India was Rs 7,740.10.Ripple Price TodayThe price of XRP was $0.7108, up 2.16 percent over the previous day. The price of ripple was Rs 61.52, according to WazirX.Solana Price TodayThe price of solana was $23.59, up 0.93 percent over the previous day. SOL was priced at Rs 2,085.57 in India, according to WazirX. 
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Jul 25,2023

Bitcoin falls below $29,800; Tron and XRP drop up to 3%

The cryptocurrency markets were trading down on Monday, as the FOMC interest rate decision loomed this week.Bitcoin (BTC) fell 0.42% to $29,793, while Ethereum (ETH) fell below $1,900. BTC volume was around $10 billion, up 22.28% in the last 24 hours.Bitcoin is currently trading about $29780, much below the $30000 level. Bitcoin's price did not climb by $300,000 over the weekend. This latest price drop could be attributed to the US SEC chair expressing unhappiness with the case's result and increasing selling pressure.Other popular cryptocurrency tokens were also selling lower. XRP, BNB, Cardano, Dogecoin, and Solana were all down in price. The worldwide cryptocurrency market cap was trading lower, about $1.19 trillion, having dropped 0.49% in the previous 24 hours.DeFi's total volume is currently $2.41 billion, accounting for 9.91% of the overall crypto market 24-hour volume. The total volume of all stablecoins is now $21.26 billion, accounting for 87.44% of the total 24-hour volume of the crypto market.Bitcoin, the world's largest cryptocurrency, had a market valuation of roughly $578 billion. According to CoinMarketCap, Bitcoin's dominance is currently 48.58%, up 0.04% from the previous day.Bitcoin has struggled to break over the $31,000 resistance level, while also finding support near the $29,500 level. The lack of a decisive breakout implies that the price is in a consolidation phase, bouncing within a range.Bitcoin price has also been hanging below the 20-day exponential moving average ($30,036), which acts as a short-term resistance mark. Bitcoin faces significant resistance at $32,500, while $28,500 serves as strong support.Cryptocurrency Price TodayBitcoin Price Today $29,787 Ethereum Price Today $1,870Tether Price Today $1 BNB Price Today $241XRP Price Today $0.7263 Cardano Price Today $0.3132 Dogecoin Price Today $0.0713Solana Price Today $24.4 Polygon Price Today $0.7415 Litecoin Price Today $92.39 Polkadot Price Today $5.34 Tron Price Today $0.08126 Shiba Inu Price Today $0.000007789 
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Jul 21,2023

XRP and Solana lose up to 5% as Bitcoin drops below $30,000

On Friday, the cryptocurrency markets were trading in a choppy manner. While BNB, Dogecoin, and Polkadot were trading with gains, Bitcoin, Ethereum, XRP, and Cardano were trading with cuts.Ethereum (ETH) was trading below the 1,900 mark while Bitcoin (BTC) lost 1.1% to $29,820. BTC volume was over $15.1 billion, up 31.47% over the previous day.The market capitalization of all cryptocurrencies was trading lower, down roughly $1.2 trillion and -0.91% over the previous day.For a second day in a row, Bitcoin traded below the US$30,000 level due to a variety of causes, including investors taking profits and the stronger US dollar.According to Edul, BTC is currently encountering immediate resistance at the US$30,000 level and support is located at the US$29,600 level.DeFi presently accounts for $4.36 billion in total volume, or 11.8% of the 24-hour volume of the entire crypto market. Stablecoin volume as a whole is currently $33.4 billion, or 90.38% of the 24-hour volume of the whole crypto market.The largest cryptocurrency in the world by market cap, Bitcoin, was valued at over $579 billion. According to CoinMarketCap, the market share of Bitcoin is currently 48.26%, a decline of 0.09% from the previous day.With probable support at $28,900 if it breaks below $29,500, there is a considerable probability that Bitcoin will remain negative below $30,000 at this point.Bitcoin Price Today | $29,842 Ethereum Price Today | $1,892 Tether Price Today | $1 BNB Price Today | $242 XRP Price Today | $0.7881Cardano Price Today | $0.3149 Dogecoin Price Today | $0.07204 Solana Price Today | $25.31 Polygon Price Today | $0.7654 Litecoin Price Today | $92.44 Polkadot Price Today | $5.50 Tron Price Today | $0.08083 Shiba Inu Price Today | $0.000007784 (Note: Price change in last 24 hours)
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