Synopsis
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $471.03 billion. Bitcoin’s dominance is currently 42.44%, a decrease of 0.01% over the day, according to CoinMarketCap.
INSIGHTS
Read Stock Insights by ET for a quick analysis
NSEBSE
Glance Finance Ltd.
PEER COMPANIES
Explore NowNew Delhi: The cryptocurrency markets were trading higher on Thursday. Bitcoin (BTC) fell 1.21% to $24,407, whereas Ethereum (ETH) was above the $1,650 mark. BTC volume in the last 24 hours stood at approximately $29.04 billion, falling 17.78% in the last 24 hours.
“The crypto market was a little jittery after FOMC minutes showed that inflation and recession threats are still real. BTC and other digital assets were in red after the discouraging minutes of the FOMC meeting but the market quickly digested the impact and recovered. It will be interesting to see if central banks will continue their hawkish stance or relax monetary policies in the coming weeks,” Shivam Thakral, CEO of BuyUcoin, said.
Other top crypto tokens were also trading higher on Thursday. Shiba Inu surged 5%. Solana, Cardano, Polygon, and BNB were also trading with gains. The global cryptocurrency market cap was at around $1.11 trillion, rising 1.26% in the last 24 hours.
The total volume in DeFi is currently 7.42 billion, 12.12% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.47 billion, which is 90.69% of the total crypto market 24-hour volume.
Did you Know?
S has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of S ’s offerings and reimagine processes for improved business outcomes.
View Details »The market cap of Bitcoin, the world’s largest cryptocurrency, was around $471.03 billion. Bitcoin’s dominance is currently 42.44%, a decrease of 0.01% over the day, according to CoinMarketCap.
“Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 61.76, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 77.66 and 37.35, respectively, further indicating a neutral market,” Rajagopal Menon, VP at WazirX said.
“The MACD Level (12, 26), at 721.47, indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 67.68 with a Neutral indicator, while the Williams Percent Range (14) at −18.03 also signals Neutral,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.44 hours, IST on February 23, 2023)
Bitcoin $ 24,407 1.21%
Ethereum $1,664 1.33%
Tether $1 0.01%
BNB $312.81 1.60%
XRP $0.3961 1.13%
Dogecoin $0.08583 1.36%
Cardano $0.3907 1.23%
Polygon $1.40 3.10%
Polkadot $7.31 2.46%
Tron $0.06982 0.74%
Litecoin $95.20 1.13%
Shiba Inu $0.00001349 5.03%
Solana $24.16 1.63%
(Note: Price changed in last 24 hours)
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Thursday, 23 Feb, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »
- Front Page
- Pure Politics
- Companies
- Economy
- More
-
India Can Grow at 8%; Time Right to Draw InvestmentIndia faced challenges during the Covid-19 pandemic but has recovered “strongly” and can achieve 8% growth through a stronger private sector, land and agriculture reforms, and ensuring credit gets to small enterprises, among others, said David Malpass, president of the World Bank.
Looking for Right Match, Match Swipes Right on Shaadi.comIn an interview to a business daily in September last year, Mittal had said the company was planning to go public in the next fiscal year. Mittal is the founder and CEO of People Group, which runs the matchmaking site.
PE ChrysCapital Eyes $100-million Funding in LenskartPrivate equity fund ChrysCapital is in talks to invest around $100 million (₹828 crore) in omni-channel eyewear retailer Lenskart, people aware of the matter said.