Cryptocurrency Price Today: Bitcoin, Ethereum and some other major cryptocurrencies on Friday, April 29, gained slightly, resulting in global crypto capitalization turning green again as markets continued to remain volatile amid the Fed’s aggressive views. According to data from CoinMarketCap, the global cryptocurrency market cap was $1.81 trillion. This had increased slightly by 0.14 percent in the past 24 hours. On the other hand, Bitcoin price again approached $40,000 today, after falling below $39,000 for the first time this month in a recent fall.
Today’s Bitcoin price stood at $39,598.09 at the time of writing this article, data from CoinMarketCap showed. It was up 0.46 percent in the last 24 hours, but up 2.74 percent in the last seven days
“Societal interest, especially in buying the dip, has increased during BTC’s recent slump. According to on-chain data from Santiment, the social volume for BTC has increased significantly in recent days. Although BTC has crossed the $40,000 level today, it quickly fell below the same level,” said Darshan Bathija, Vauld CEO and co-founder.
“This indicates that Bitcoin’s price recovery will not be a walk in the park. IntoTheBlock’s IOMAP model highlights a huge barrier that runs from $39,099 to $40,245. Investors buying BTC in this zone would seek to liquidate, which would increase selling pressure,” he added.
“We should also keep in mind that nearly $2 billion in options will expire today; it is very likely that market participants will try to push BTC below $39,000,” Bathija further told News18.com.
The ether price was also slightly higher today by 0.75 percent. The value of one Ethereum, the second most popular cryptocurrency after Bitcoin, stood at $2,925.63 at the time of writing this article. The price of bitcoin has fallen by 3.11 percent in the past seven days.
“Ethereum has regained some ground in recent days to rise above $2,900, gaining close to 4% in that period. Ethereum versus Bitcoin fell marginally, with BTC’s dominance index remaining above 42% for the first time in 25 days. We can expect Ethereum to weaken against BTC in the coming days as Bitcoin’s is expected to rise steadily. The daily trend for ETH against BTC continues its movement within a megaphone pattern. The next resistance is expected at 0.078 and the next support is expected at 0.0653,” the WazirX trading desk said.
Dogecoin remained in the 10th position of the best cryptocurrencies for four consecutive days, after beating Avalanche, as investors rushed in to invest in this memecoin since Tuesday. This was a direct result of Tesla CEO Elon Musk, who has backed Dogecoin in the past, buying Twitter.
Here are the top 10 cryptocurrencies and their prices on April 27, 2022 (data from coinmarketcap.com)
Bitcoin $39,598.09 or 0.46 percent gain in the last 24 hours
Ethereum $2,925.63 or 3.28 percent gain in the last 24 hours
Tether $1.00 or 0.00 percent gain in the last 24 hours
BNB $405.95 or 3.39 percent gain in the last 24 hours
USD coin $0.9998 or 0.01 percent gain in the last 24 hours
Solana $97.85 or 1.63 percent loss in the last 24 hours
XRP $0.6408 or 1.37 percent loss in the last 24 hours
Terra $87.01 or 2.91 percent loss in the last 24 hours
Cardano $0.8369 or 0.42 percent loss in the last 24 hours
Dogecoin $0.1408 or 0.76 percent gain in the last 24 hours
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