Bitcoin News

Today’s cryptocurrency prices: Bitcoin and Ether are both struggling as volatility remains high

For the past 24 hours, cryptocurrencies have been under pressure as they have tried to find support amid extreme volatility. While Bitcoin has made some progress, the majority of other prominent cryptocurrencies have fallen.

Since Tuesday, the cryptocurrency market has been under pressure owing to a large sell-off. At 11:30 a.m., Bitcoin was trading at $47,121.64, up 51%. Bitcoin’s value has dropped by more than $240 in the last 24 hours, while its market capitalization has risen to $885 billion.

The price of Ether has also dropped in the last 24 hours. It was down 0.48%, trading at $3,105.63. It now has a market capitalization of $363.87 billion. XRP, Cardano, Dogecoin, Stellar, Chainlink, Polygon, and Litecoin all decreased in value.

On the other hand, Analysts feel that the current downturn in the cryptocurrency market will disappear in the near future as digital coins get more widespread usage.

“The previous 24 hours were very turbulent for the crypto markets,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the downturn. Bitcoin and Ether both failed to gain traction.”

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin47,126.850.02%885.90$1.18 billion
Ether3,108.69-0.38%$364.23$756.84 million
Dogecoin0.271815-3.11%$35.58$2.06 billion
Litecoin168.84-1.30%$11.55$2.25 billion
XRP1.09-4.00%$108.52$4.88 billion
Cardano2.56-3.26%$82.70$5.35 billion

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.