[New post] Today’s Bitcoin price falls below $45,000; Ether and Binance fall. Top Cryptocurrency Exchange Rates
Rishabh Soni posted: " The price of Bitcoin continued to fall on Wednesday as its trading price was below the high of $46,000. In the past 24 hours, its trading price has dropped by 3.81%. In the past 7 days, the trading price of cryptocurrencies has fallen by 1.75%. At the ti"
The price of Bitcoin continued to fall on Wednesday as its trading price was below the high of $46,000. In the past 24 hours, its trading price has dropped by 3.81%. In the past 7 days, the trading price of cryptocurrencies has fallen by 1.75%. At the time of writing, the price of Bitcoin was 44.7741.62 rupees. On the other hand, Bitcoin's dominance in the market was 44.36%, and it rose by 0.71% on the day. It should be noted that not only Bitcoin loses money. According to data collected by CoinMarketCap, the entire crypto market has been trading in the red for the past 24 hours.
Other major currencies, such as Ethereum and Dogecoin, also have transactions in the red. On Wednesday, the price of Ether was $3,026.00, which is down 5.65% in the last 24 hours. According to CoinMarketCap, the drop in the last 7 days is listed as 4.03%. In the past 24 hours, the transaction price of Dogecoin was $0.2936, or 10.71%. However, the overall price traded at 12.58% last week. Even Binance Coin, the third strongest coin, has fallen by 8.16% in the past 24 hours, bringing the price of the cryptocurrency to $393.11. In the past 7 days, the trading price of tokens has fallen by 3.96%.
When talking about the performance of Bitcoin, Ethereum and Dogecoin, Mudrex CEO and co-founder Edul Patel said: "This is another important meeting for the cryptocurrency market. Bitcoin has been dragged down by short positions in the past 24 hours because we noticed that a large number of short positions were opened. After the recent rally, the cryptocurrency with the largest market capitalization is closely related to scope. "Ethereum, the largest altcoin by market capitalization, is also facing a similar sell-off. "
Patel added: "Dogecoin, a cryptocurrency originally developed as a memetic currency, has witnessed a roller coaster experience in the past 24 hours. Dogecoin is the third largest trading currency after Bitcoin and Ethereum. Since bears seem to have the upper hand over DOGE, this may indicate that the memetic currency may continue to be under pressure throughout the week. Some altcoins like MATIC and Solana still have good trading hours. With the integration of encrypted blue chip stocks, this is definitely an exciting time for altcoins. "
The global cryptocurrency market value was 1.90 trillion US dollars, a decrease of 4.95%. In the past few days, The total cryptocurrency market in the past 24 hours was 126.78 billion US dollars, a year-on-year increase of 4.08%. The total DeFi transaction volume was 17.52 billion US dollars, accounting for cryptocurrency 13.82 percent of the total 24-hour trading volume of the currency market. The total trading volume of all stable coins was 101.37 billion U.S. dollars, accounting for 79.96% of the total trading volume of the cryptocurrency market. The total trading volume of the crypto market in the past 24 hours.
WazirXChief Operating Officer Siddharth Menon said: "After 3 months of integration, the altcoin market has broken through the rectangular pattern. After the breakthrough, it is expected to rise to 1.45 trillion US dollars. Solana entered the front by hitting a new ATH (record high). 10. These are some strong bull market signals, where these Alts set new highs before Bitcoin and Ethereum. Cardano is below its previous ATH by 10%.
"The market offers favorable risk-reward at this stage. People should always be cautious about trading or investing in the crypto market, because it is a very volatile market. When approaching any market, risk should take precedence over performance, "Menon added.
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