Synopsis
Bitcoin and Ethereum trading prices rose to $29,035 and just below $1,900 respectively, while BTC volume in the last 24 hours stood at around $35.15 billion, rising 84.70% in the same period. Bitcoin had surged from a low of $27,217 the day before but concerns over First Republic Bank remain. The global cryptocurrency market cap was trading higher at around $1.20 trillion, rising 1.18% in the last 24 hours, with Bitcoin’s market cap standing at around $557 billion. However, there are suggestions of hourly time frame market manipulation, and Bitcoin remains range-bound daily.
ETMarkets.com
INSIGHTS
Read Stock Insights by ET for a quick analysis
NSEBSE
Glance Finance Ltd.
PEER COMPANIES
Explore NowNew Delhi: The cryptocurrency markets were majorly trading higher on Thursday. Bitcoin (BTC) rose 2.31% to $29,035, whereas Ethereum (ETH) was just below the $1,900 level. BTC volume in the last 24 hours stood at approximately $35.15 billion, rising 84.70% in the last 24 hours.
“Concerns about First Republic Bank continued, causing Bitcoin to rise to the US$29,000 range. Bitcoin had surged from a low of US$27,217 the day before, reaching a week-long high and recovering any losses incurred during that time. The support level for Bitcoin is currently US$28,000, with resistance at US$29,400,” Edul Patel, Co-founder and CEO at Mudrex, said.
The global cryptocurrency market cap was trading higher around $1.20 trillion, rising 1.18% in the last 24 hours.
The total volume in DeFi is currently 5.20 billion, 7.33% of the total crypto market 24-hour volume. The volume of all stablecoins is now $64.06 billion, which is 90.27% 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 $557 billion. Bitcoin’s dominance is currently 46.80%, an increase of 0.38% over the day, according to CoinMarketCap.
“Bitcoin’s intra-day volatility points to market manipulation on hourly time frames. However, it continues to be range-bound daily with $30,000 being the key resistance level to breach,” Vikram Subburaj, CEO of Giottus Crypto Platform, said.
Rajagopal Menon, Vice President at WazirX said, “Major market oscillators point toward a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 54, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 39 and 27, respectively, further indicating a Neutral market.”
“The MACD Level (12, 26) at 117 indicates a Sell. The Stochastic RSI Fast (3, 3, 14, 14) is at 34 with a Neutral indicator, while the Williams Percent Range (14) at −51 signals Neutral,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.33 hours, IST on April 27, 2023)
Bitcoin: $29,035 | 2.31%
Ethereum: $1,895 | 1.57%
Tether: $1.00 | 0.01%
BNB: $331 | -1.89%
XRP: $0.4609 | -1.78%
Cardano: $0.4094 | 3.08%
Dogecoin: $0.07957 | -0.66%
Polygon: $0.996 | -0.26%
Solana: $21.64 | -1.64%
Polkadot: $5.90 | 2.36%
Shiba Inu: $0.00001024 | -1.40%
Litecoin: $88.77 | -2.05%
Tron: $0.06547 | -0.94%
(Note: Price change 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, 27 Apr, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »
- Front Page
- Pure Politics
- Companies
- Economy
- More
-
Hinduja Sole Bidder for RCap with ₹9,650cr OfferHinduja Group entity IndusInd International Holdings was the sole bidder for Reliance Capital at the auction held on Wednesday as part of bankruptcy proceedings, said two people aware of the development. It submitted a ₹9,650 crore upfront cash offer, they said.
Ads of Betting, Gambling Sites Still in Play on Social MediaOnline betting and gambling portals are continuing to aggressively advertise on social media platforms despite India’s new gaming regulations prohibiting betting and wagering of any kind.