Cryptocurrency prices today: Bitcoin, Ethereum down, global crypto market in red
India Today
The largest cryptocurrency in the world by market capitalization, Bitcoin, was down by 0.66 per cent at $43,581.80. Ethereum fell by 2.04 per cent to $3,059.42.
Popular cryptocurrencies Bitcoin and Ethereum have remained flat as volatility gripped the global crypto market.
Cryptocurrencies held their position but investors remained wary of the conflict between Russia and Ukraine and global inflation.
The largest cryptocurrency in the world by market capitalization, Bitcoin, was down by 0.66 per cent at $43,581.80. Ethereum fell by 2.04 per cent to $3,059.42.
Cryptocurrencies such as XRP was down by 1.79 per cent, Solana fell by 2.90 per cent, Terra was down by 1.03 per cent, Cardano fell by 1.80 per cent.
Other popular altcoins such Polkadot, Dogecoin, Shiba Inu, and Polygon remained flat.
"Bitcoin and Ethereum have been trading at US$43,000 and US$3,000 in the past 24 hours. Many major altcoins are running in the red. Bitcoin is range-bound, the initial support holds at US$40,000, and resistance lies at US$46,000," Edul Patel, CEO and Co-founder, Mudrex said.
"Support is nearby, which could limit pullbacks over the short term. Suppose the buyers continue trading above US$40,000 to sustain the uptrend from US$36,000 that occurred in February. The coming days would be crucial for the whole crypto spectrum," Patel said.
