The cryptocurrency markets were trading mixed in Thursday’s trade. XRP, Cardano, Tron, and Polygon were trading with gains, while Bitcoin, Ethereum, BNB, and Litecoin were trading with cuts.
Bitcoin (BTC) fell 0.07% to $30,077, whereas Ethereum (ETH) was above the 1,900 level. BTC volume stood at approximately $11.45 billion, falling 16.25% in the last 24 hours.
“BTC continues to perform within a narrow range of less than 2%, around $30k. In the last 24 hours, XRP continued to be amongst the top performers in terms of volumes and price change. Interestingly, XRP has surpassed the trading volumes of BTC on a majority of exchanges ever since the court ruling against SEC fell in its favor,” Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said.
The total volume in DeFi is currently $1.97 billion, 6.5% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.21 billion, which is 89.66% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, crossed the $585 billion mark on Friday. Bitcoin’s dominance is currently 48.29%, a decrease of 0.09% over the day, according to CoinMarketCap.”The price of Bitcoin bounced off its multi-week low of $29,500 today, reaching a high of $30,000. The move was likely driven by a combination of factors, including the recent approval of two spot Bitcoin ETF applications by the SEC, as well as positive news from XRP,” said, CoinDCX Research Team.
Rajagopal Menon, Vice President at WazirX, said, “Major market oscillators point to a Neutral sentiment. The Relative Strength Index (14) sits at 51, with a neutral outlook. The Stochastic %K (14, 3, 3) at 18 and the Average Directional Index (14) at 31 indicate a Neutral outlook.””The MACD Level (12, 26), at 240, indicates Sell. The Stochastic RSI Fast (3, 3, 14, 14) is Neutral at 4 and William’s Percentage too indicates a Neural sentiment at -80,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.19 hours, IST on July 20, 2023)
Bitcoin $30,077 -0.07%
Ethereum $1,905 -0.45%
Tether $1 -0.01%
BNB $242 -0.51%
XRP $0.8395 4.94%
Cardano $0.3294 3.13%
Dogecoin $0.07085 1.7%
Solana $26.77 1.2%
Polygon $0.7658 1.69%
Litecoin $92.8 -0.99%
Polkadot $5.29 0.7%
Tron $0.08091 0.98%
Shiba Inu $0.000007776 -0.61%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
