Bitcoin News

Today’s cryptocurrency prices: Bitcoin is down 2% amid significant volatility, while Ether is up 2%

Following a selloff on Monday, cryptocurrency prices fell Tuesday as the virtual coin market’s volatility remained strong. The round of profit booking has also resulted in a 3% decline in the market capitalization of the virtual coin.

Market Watch

Bitcoin, the world’s most popular cryptocurrency, has dropped below $47,000 after briefly approaching $49,000 yesterday.

Bitcoin’s market capitalization has plummeted to $887 billion, down more than 1.60 percent from its last high. The 24-hour trade volume, on the other hand, is still low at $1.09 billion.

Ether, on the other hand, is up 2.08 percent from a day earlier. Ether is the only prominent digital currency that has increased in value in the previous 24 hours. At 11:10 a.m., Ether was trading at $3,237, with a market capitalization of $379.39 billion.

During Tuesday’s trading session, certain virtual currencies, including Polkadot, Uniswap, and Chainlink, rose, while a greater number of virtual coins, such as XRP, Cardano, Dogecoin, Stellar, and Polygon, sank.

Expert Comments

“Bitcoin made a push towards the $49,000 level early in the session yesterday,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the weak momentum. The markets, on the other hand, moved into profit-taking mode, and BTC dropped further, hovering around $47,000.”

He said, “The whole crypto market felt following this selloff, and the market capitalization plummeted roughly 3%.”

“The crypto spectrum is expected to continue volatile in the following 24 hours.”

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin47,155.29-1.74%$886.61$1.09 billion
Ether3,237.562.14%$379.38$1.22 billion
Dogecoin0.273005-2.70%$35.75$1.34 billion
Litecoin169.15-1.84%$11.57$2.22 billion
XRP1.12-0.64%$112.02$3.62 billion
Cardano2.77-2.19%$89.53$4.21 billion

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