Crypto Price today: Bitcoin, Ether See Upward Momentum, Solana and Dogecoin Retain Gains

As of Wednesday, April 24th, the number of cryptocurrencies that have suffered losses has further increased due to the volatility that hit the market after the BTC halving. According to Gadgets360’s crypto price tracker, Bitcoin traded at a price of $65,693 (approximately Rs. 54.7 million), recording a loss of 0.56%. On international exchanges like Binance, Bitcoin is trading at a slightly higher price range of $66,359.69 (approximately Rs. 55.2 million). According to market analysts, BTC’s gradual upward trend will benefit altcoins.

Ether has joined Bitcoin on the red side of the cryptocurrency market. At the time of writing, the asset was trading at $3,037 (approximately Rs. 250,000 thousand rupees), down 1.79 percent.

“Bitcoin has seen its first red day after five consecutive green days, with the market maintaining a stable balance between bulls and bears. Meanwhile, Ethereum has BTC is showing some strength against BTC even though the chances of it being approved are quite low,” CoinSwitch Market Desk told Gadgets 360. “Bitcoin’s 200-day average price, one of the most tracked indicators, is on track to reach its highest level in over two years. As far as Ether is concerned, the year-end price target is $8,000 (approx. (Rs.).

Among most cryptocurrencies that reflected losses on Wednesday, Tether, Ripple, Dogecoin, Shiba Inu, Avalanche, and Polkadot marked their names.

Chainlink, Near Protocol, Cronos, Stellar, and Cosmos also settled for losses.

“Altcoins have shown mixed results. Currently, meme coins such as Bonk and Pepe are leading the market. “There are concerns about Mt. Gox’s plans. Some creditors are expecting early payments, while others are concerned about selling pressure in October,” the CoinDCX team told Gadgets360. Ta.

Meanwhile, Binance Coin, Solana, Dogecoin, Tron, Polygon, and Litecoin reflected slight gains along with Leo and Uniswap.

EOS Coin, Ardor, Iota, and Zcash also recorded some gains.

“Solana has broken above the $150 resistance and is showing signs of further upside. If current trading volumes continue, we believe the next resistance will be at $161. Despite this, the cryptocurrency market has been able to maintain stable momentum, and the impact on investors appears to be minimal. ” WazirX Vice President Rajagopal Menon told Gadgets 360.

The total market capitalization of the crypto sector rose by 1.37% in the past 24 hours. This indicates that the valuation of the virtual currency market will reach $2.47 trillion (approximately Rs. 2,057,988 million). coin market cap.

Cryptocurrencies are unregulated digital currencies, not fiat currencies, and are subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other kind of advice or recommendation provided or endorsed by NDTV. NDTV is not responsible for any losses arising from investments based on recommendations, forecasts or other information contained in the article.

Affiliate links may be automatically generated. Please see our Ethics Statement for more information.

Related Article


Leave a Comment