Bitcoin News

Today’s cryptocurrency prices: Bitcoin and Ether prices are marginally down following a big rise.

Due to a sell-off across the virtual currency market, the prices of certain prominent cryptocurrencies decreased slightly.

Market State

Bitcoin, the world’s most popular cryptocurrency, fell slightly to $45,213.58, down 2.78 percent from its 1:35 p.m. price. Due to the sell-off, Bitcoin’s market capitalization plummeted to $850 billion.

Ether’s price decreased 3% to $3,131.90, and its market capitalization fell slightly to $367 billion as well.

After the broad-based sell-off, the value of numerous other cryptocurrencies has fallen as well, while Cardano, XRP, and Dogecoin remain optimistic.

After a few days of strong rallies that pushed the value of the two major virtual currencies, Bitcoin and Ether are now showing signs of weakening.

Expert Comments

“We are starting to see some sell-off across the cryptocurrency spectrum,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of the cryptocurrency sell-off.

“It’s only normal for the bulls to take a break after days of strong rallies. There hasn’t been a significant selloff yet. Short-term traders, on the other hand, should enter high-conviction trades now, since the markets may see a pullback soon,” he added.

“After a multi-week breakthrough, Cardano and Polygon’s native coin, MATIC, are still fairly bullish.”

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin45,316.89-1.67%$850$35 billion
Ether3,143.22-2.00%$367$26 billion
Dogecoin0.27363.36%$35.9$5.9 billion
Litecoin170.31-0.28%$11.3$2.5 billion
XRP1.0113.04$101$9.4 billion
Cardano1.7719.14%$56$4 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.