Cryptocurrency Price Today: The global cryptocurrency market on Wednesday, April 13, jumped back into the green as Bitcoin surged above $40,000 again after falling below the same level. The world’s largest cryptocurrency remained near the $40,000 level for two days in a row after what appears to be a squeeze in market volatility. Analysts have predicted that Bitcoin will bounce from current levels and continue an upward trend.
At the time of writing this article, the price of one Bitcoin was $40,100.37, according to data from CoinMarketCap, a global crypto tracking website. It had risen 0.22 percent in the past 24 hours, but increased by a whopping 11.63 percent in the past seven days, data shows.
“Market volatility, which has persisted over the past week, has been fairly moderate. Bitcoin held steady around the $40,000 level, for the second day in a row. The hourly trend for BTC is in a downtrend moving within a bearish channel pattern. An immediate support for BTC is expected at $37,600. However, assuming the longer trend cycle, BTC has continuously formed higher lows as it moves forward. It appears that BTC may bounce off current levels and continue on an upward trend,” the WazirX trading desk said in a note to news18.com.
Ethereum, or Ether, also rose 1.38 percent in the past 24 hours to trade at $3,056.05 at the time of writing this article. Analysts said there were no major swings in Ether prices during the day. The global cryptocurrency market also surged during the day amid gains from all the major cryptocurrencies.
The meme coin space saw an exciting move as one of the popular meme coins, Shiba Inu, rose nearly 30 percent in the past 24 hours. At the time of writing this article, Shiba Inu was priced at $0.00002698, up 18.35 percent from the previous day. “Shiba Inu (SHIB), one of the favorite meme tokens, rose more than 30 percent in a single day when it was listed on popular brokerage firm Robinhood. SHIB became one of the top performers, outperforming most crypto tokens,” said the WazirX trading desk.
Here are the top 10 cryptocurrencies and their prices on April 11, 2022 (data from coinmarketcap.com)
Bitcoin $40,100.37 or 0.22 percent gain in the last 24 hours
Ethereum $3,056.05 or 1.38 percent gain in the last 24 hours
Tether $1.00 or 0.00 percent gain in the last 24 hours
BNB $418.97 or 3.28 percent gain in the last 24 hours
USD Coin $1 or 0.03 percent gain in the last 24 hours
XRP $0.7201 or 1.64 percent gain in the last 24 hours
Solana $104.41 or 1.68 percent gain in the last 24 hours
Cardano $0.9594 or 1.10 percent gain in the last 24 hours
Terra $86.10 or 1.97 percent gain in the last 24 hours
Avalanche $77.62 or 0.51 percent gain in the last 24 hours
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