Bitcoin News

Today’s cryptocurrency prices are as follows: After the profit booking round, Bitcoin is below $50,000

Over the last 24 hours, there have been some small consolidations in the cryptocurrency market, resulting in a drop in the value of major cryptocurrencies.

Almost the last 24 hours, Bitcoin, the world’s most popular cryptocurrency, has lost over 1% of its value. At 11:50 a.m., it was trading at $49,660, with a market capitalization of $933 billion.

It’s worth noting that Bitcoin recently crossed $50,000 for the first time in three months.

The value of Ether, on the other hand, climbed by 0.14 percent, and the cryptocurrency was trading at $3,334.73. The value of the stock has risen to $390.66 billion.

With the exception of Cardano and XRP, most other cryptocurrencies have seen a drop in value during the last 24 hours.

Despite modest consolidations along the road, experts remain bullish about the Bitcoin market’s future direction.

“The crypto markets are witnessing a little consolidation,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the cryptocurrency market. Bitcoin dropped after breaking beyond the $50,000 barrier for the first time since May.”

“Despite Bitcoin’s recent consolidation, the Altcoins appear to be in good shape. After Bitcoin and Ether, Cardano has the third-highest traded volumes over the previous 24 hours, after Eth and Bitcoin,” he said.

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin49,730.14-0.68%$934.94$37.76 billion
Ether3,342.510.38%$391.57$22.69 billion
Dogecoin0.316008-0.88%$41.35$2.18 billion
Litecoin187.10-0.67%$12.79$1.91 billion
XRP1.240.75%$124.27$6.56 billion
Cardano2.903.10%$93.58$7.26 billion

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