Synopsis
“Bitcoin is at $28,300. Its recent surge is due to technical buying and a short-term buy signal, while macro risk events could impact sentiment. Long-term indicators suggest a new bull market,” said Sathvik Vishwanath, Co-Founder & CEO of Unocoin.
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Explore NowNew Delhi: The cryptocurrency markets were trading higher on Wednesday, with an increase of 2.7% in the crypto market cap in the last 24 hours.
Bitcoin (BTC) rose 3.48% to $28,369, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $18.85 billion, rising 12.94% in the last 24 hours.
“Bitcoin is at $28,300. Its recent surge is due to technical buying and a short-term buy signal, while macro risk events could impact sentiment. Long-term indicators suggest a new bull market,” said Sathvik Vishwanath, Co-Founder & CEO of Unocoin.
Other top crypto tokens were also trading higher on Wednesday. Solana jumped over 4%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.19 trillion — rising 2.71% in the last 24 hours.
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View Details »The total volume in DeFi is currently 3.52 billion, 8.6% of the total crypto market 24-hour volume. The volume of all stablecoins is now $36.67 billion, which is 89.62% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $549 billion. Bitcoin’s dominance is currently 46.39%, an increase of 0.42% over the day, according to CoinMarketCap.
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 51, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 27 and 26, respectively, further indicating a Neutral market.”
“The MACD Level (12, 26) at 83 indicates a sell. The Stochastic RSI Fast (3, 3, 14, 14) is at 22 with a Neutral indicator, while the Williams Percent Range (14) at −63 signals Neutral,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.01 hours, IST on April 26, 2023)
Bitcoin $28,369 3.48%
Ethereum $1,864 1.89%
Tether $1.00 0.02%
BNB $337 2.15%
XRP $0.4685 1.59%
Cardano $0.3959 3.43%
Dogecoin $0.08009 1.55%
Polygon $0.9982 2.79%
Solana $21.94 4.07%
Polkadot $6.03 2.46%
Shiba Inu $0.00001039 1.39%
Litecoin $90.66 3.08%
Tron $0.06606 0.02%
(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)
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