Cryptocurrency prices today: Bitcoin, Ether dip after heavy selloff

Cryptocurrencies witnessed a sharp dip in valuation on Wednesday after a round of profit booking. Check the latest cryptocurrency prices and trends.

Cryptocurrencies have lost momentum as prices of popular virtual coins dipped sharply on Wednesday. The entire cryptocurrency market capitalization has dropped by 4 per cent in the past 24 hours.

Bitcoin, which had crossed $50,000 for the first time since May on Monday, retreated yesterday due to profit-booking by investors, according to a Reuter’s news report quoting Edward Moya, senior market analyst at OANDA in New York.

It may be noted that Bitcoin has gained 82 per cent since hitting a yearly low of $27,700 in January. As of 11:20 am, Bitcoin was trading at $48,372.89, down 2.39 per cent. The popular cryptocurrency’s market capitalization has dipped to $912.19 billion, signaling weakness in the market.

Ether’s valuation fell to $3,212, down nearly 4 per cent. The cryptocurrency market capitalization dipped to $376 billion. All other Altcoin including XRP, Cardano, Dogecoin, Stellar, Polkadot, Uniswap, Chainlink’s and Litecoin saw a sharp fall in valuation.

Commenting on the weakness in the virtual coin market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “Bitcoin seems to be facing strong resistance at the current price. Since its drop below $50,000, the bears have been in a dominating position.”

“The nearest strong support is at $46,750. The selloff across most Altcoin was much higher. Over the past 24 hours, we witnessed the entire market cap drop by almost 4%, with traded volumes going up,” he added.

The cryptocurrency prices have been updated as of 11:35 am and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.

Comments

Post a Comment

Popular posts from this blog

Reparation Av Varmvattenberedare - Är Det Värt Att Återställa Din Varmvattenberedare?

Reparation av varmvattenberedare kan vara ett alternativ för många husägare som upplever fel eller svårigheter i samband med sitt eget system. Du behöver inte gå utan insamlad även under en kortare tid. Men många inser inte att denna typ av system faktiskt ger signaler om att något är bust ordentligt. Investera en person för att få hjälp direkt, så snart du upptäcker bekymmer relaterade till funktion med systemet, koncentrera dig på din andning minska risken för att behöva byta ut allt. Varmvattenberedare är en osannolik uppfinning. Förteckningar . oss att helt våra kläder, våra rätter och oss själva med komfort och lätthet. När de dock börjar få problem eller slutar fungera helt och hållet kan hela vårt liv påverkas. Lär dig att känna igen några riktigt vanliga symptom på problem och det betyder att du kan ringa en serviceexpert borta. På så sätt kan du möjligen få din värmare och ditt hemliv tillbaka på rätt spår med minimalt avbrott i ens normala rutiner. Alla nya varmvattenbere...
Read more

How Does Marijuana Affect Me?

 Perhaps the initial biochemical personality was the fictional Mr. Hyde alternative version of Expert. Jekyll. In the Robert Louis Stevenson novella Dr .. Jekyll swallows a potion (drug) and slowly transforms into the murdering criminal Mr. Hyde. At first Hyde can revert to Dr Jekyll, but after time he permanently remains the monstrous Mr. Hyde. Stevenson wrote this novella while using cocaine, and died at the chronilogical age of 44 in Samoa after years of ill-health. Drugs are simply toxins. Regarding toxin kills you. But a smaller amount of toxin acts like a stimulant. A medium associated with delta-8 THC drugs allows you to be sleep. Alcohol is put in. Toxin means poison and comes throughout the Greek word toxican, which was a poison put on arrows. Perhaps it is a good idea to wash all your clothes a person begin depart and, if you're receiving medication from a doctor, obtain the doctor create a letter stating exactly what the medication is and why it was prescribed. Tell oth...
Read more

Pioneers In Christian Counseling - Interviews With Grace Ketterman

Midlife is really a time to reassess our lifetimes. I have found that aren't midlife women, there is really a deep longing to find true symmetry. But, sometimes we don't understand what true balance entails. Believe it is often a juggling act that may possibly never get right. But, it's about something altogether different. Let's if you have a daughter that was hurt in some way. She may hold had an upbringing and suddenly she is finding happiness in improper crowd and very she is to take drugs. Later she is dating a drug dealer and functions serious drug habit. A person think you can ever save her if you don't put your expereince of living into this method? Spending time with people who love you is a fun way of finding love in your family. You are able to show your loved ones and friends how much you love them, simultaneously that its feel love from the parties. Click here for more information: Revelation of obesity I have a saying that you simply use as the test of...
Read more