Cryptocurrency Update: The biggest and most well-known virtual currency in the world, Bitcoin, increases 1.2 percent to $16,779.1 and maintains its position under $17,000. It was valued at $322.9 billion on the market. The value of the trade was $29.1 billion.
“Bitcoin fluctuated above the $16,800 mark as it traded in a range close to its two-year low. BTC is probably going to keep losing until it reaches the lower mark, from which a substantial comeback or bounce may be feasible “said Mudrex CEO and Co-Founder Edul Patel.
Cryptocurrency Update: Ethererum
At the most recent count, Ethererum, often known as Ether, had a market capitalization of $149.1 billion and was up to $1,216.1. In the previous day, Ethereum trades were worth approximately $10 billion.
Patel stated about Ethereum, “Despite the market turbulence, Ethereum’s price jumps to a region of $1,250, reclaiming its $1,200 demand zone. If ETH can establish itself above the $1,350 resistance, it might be a strong support. By the end of the week, though, we might witness a decline to the $1,100 range if the pressure builds.”
Dogecoin
Meme-based virtual currency, Dogecoin, rose 0.4 percent on Friday. Its market value stood at $11.4 billion. The trade volume was at $453.5 billion.
Solana
Solana lost 4.2 percent to $13.6 and now has a $4.9 billion market cap. In the previous 24 hours, Solana saw transactions worth $660.5 million.
Shiba Inu
With a market capitalization of almost $5 billion, Shiba Inu increased by 0.6 percent. In the previous 24 hours, there were almost $115.4 million in transactions.
Polygon
Polygon increased 1.6 percent to $0.9 and now has a $7.8 billion market cap. In the previous 24 hours, there were $408.5 million in trades.
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