New Delhi: Cryptocurrencies continued their southward movement on Wednesday, thanks to volatility in global markets amid negative news about the Evergrand crisis from China and the US FOMC hit the result.
Aside from the US dollar-pegged tether, nine of the top 10 cryptocurrencies were trading lower at 9:30 a.m. IST. Solana lost more than 6 percent while Polkadot lost 5 percent. Ethereum lost 4 percent.
Global cryptocurrency market capitalization dropped over 3 percent from last day to $ 1.84 trillion. Similarly, the total crypto market size declined more than 12 percent to $ 136.31 billion.
“The market has seen a decline in bitcoin and altcoins in the red. Seasoned investors have held on to their investments and we hope the market will see an upward trend soon,” said Sharan Nair, chief business officer, CoinSwitch Kuber.
Cryptocurrency prices rebounded from 1-1 / 2-month lows on Tuesday as a heavy overnight sell-off amid concerns over a possible loan default from real estate developer China Evergrande eased slightly, but investors braced themselves for more volatility.
Cryptocurrency investment products and funds saw inflows for the fifth straight week as market sentiment for the sector continued to improve, data from digital asset manager CoinShares showed.
“The past 24 hours have remained pessimistic for the crypto market, with significant declines across the spectrum. Following the drop in ether below $ 3,000, altcoins suffered a major slump, ”said Edul Patel, CEO and co-founder of Mudrex.
“Long-term investors could potentially look at the dollar cost average at the current price point. The next 24 hours would be critical as the market would be in a pricing mode,” he added.
Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app that would allow customers to send and receive digital currencies like Bitcoin, Bloomberg News reported.
Bitcoin mining will generate up to 30.7 kilotons of electronic waste every year from May 2021, which is comparable to the waste of small IT equipment produced by countries like the Netherlands, a new study found.
Crypto shopping cart: brief look
Bitcoin: $ 42,102.57, down 1.56%
Ethereum: $ 2,873.02, down 4.37%
Tether: $ 1, up 0.01%
Cardano: $ 2.05, down 2.48%
Binance Coin: $ 353.29, down 3.02%
XRP: $ 0.9242, down 2.82%
Solana: $ 128.71, down 6.02%
USD coin: $ 1, minus 0.02%
Dogecoin: 0.2028, minus 2.94%
Polkadot: $ 27.34, down 5.01%
(Note: price change in the last 24 hours)
(Source: coinmarketcap.com, as of 9:30 a.m., IS on September 22, 2021)
Tech View from ZebPay Trade Desk
Binance Coin (BNB) is the native token of the world’s largest exchange, Binance. BNB has a market cap of $ 60 billion and is the fifth largest asset.
For the last week or so the market has been in the red and BNB is no exception as it has fallen nearly 20 percent week in and week out. However, volumes have held up well and have seen a spike in the past 2 days as the asset looks pretty attractive at current levels. The NBB is currently trading at $ 355.
BNB rose 103 percent from $ 254 to $ 518 in 2 months. Following this move, the asset encountered strong resistance and formed a “double top” or “M” (bearish reversal) pattern at higher levels with a neckline of $ 448. When the neckline was broken, the bears took the lead and prices saw a sharp dip to the low of $ 336.
The NBB is trying to get support at the crucial $ 340 level. If prices hold and hold above $ 340 we could expect some recovery rally and if the close-based support is broken the asset could slide further to $ 300 levels.
Main stages
Support: $ 340, $ 305
Resistance: $ 380, $ 448
(The time is in UTC and the daily time frame is 12:00 p.m. – 12:00 p.m. UTC)
(The views and recommendations given in this section are the analysts’ own views and recommendations and do not represent those of ETMarkets.com. Please consult your financial advisor prior to entering into any position in any of the assets.)
source https://www.bisayanews.com/2021/09/22/top-cryptocurrency-prices-today-solana-polkadot-ethereum-shed-up-to-6/
No comments:
Post a Comment