Cryptocurrency Prices Today: Bitcoin reached the soaring $30K mark while Ethereum and other Altcoins fall
Cryptocurrency prices are highly volatile and newsworthy. Cryptocurrencies fell on Wednesday while the market cap stood at $1.23 trillion. Bitcoin has reached its most anticipated mark of 30K while Ethereum and other cryptocurrencies have been struggling.
While some investors take advantage of the price swings to make substantial profits, others are left wondering what’s driving the market. In this article, we will examine the current state of cryptocurrency prices and explore the top gainers and losers in the last 24h.
According to coinmarketcap, there are almost 23,330 cryptocurrencies available in the market, trading over 610 exchanges.
The Current Cryptocurrency Prices of the popular Coins:
BITCOIN: Bitcoin, one of the popular and trending cryptocurrencies in the market, surpassed the $30,000 Mark yesterday a much-awaited breakthrough with a 24-hour trading volume of $23.35B, setting a new high.
The price has reached as high as 30,483 since June 10, 2022. The next range target is 32k if Bitcoin continues its bullish trend. It has a circulating supply of 19,343,843 BTC coins.
Bitcoin is ranked first among the cryptocurrencies with a market dominance of 47.55% as per coinmarketcap.
Bitcoin has a surge of almost 46% since March giving a positive sign for investors as well as the cryptocurrency market. Experts expect the price to rise as traders expect the US Consumer Price Index (CPI) regarding updates on inflation is going to release today.
The current price of Bitcoin at the time of writing is $29,982 with a 24-hour trading volume of $21.14B.
ETHEREUM: In contrast to Bitcoin, the value of Ethereum has experienced a significant decline over the past week. On April 5th, it was valued at $1912, but as of the time of writing, its value has dropped to $1869.
Ethereum network is expected to receive the Shapell upgrade today, allowing investors to withdraw Either staked on the Ethereum network. This upgrade helps Ethereum to go bullish as per some traders.
The total circulating supply of Ethereum is 120,457,776 with a market rank of 2 and market dominance of 18.44% as per coinmarketcap.
DOGECOIN: The famous Meme coin is experiencing a downfall. The price of Dogecoin was $0.0967 on April 5 and today the price dropped to $0.0818 (April,12) at the time of writing. It has a circulating supply of 138,903,186,384 and a market rank of 8 as per coinmarketcap.
CARDANO: The proof-of-stake blockchain platform has been maintaining its price steadily in green since last week. The price on April 5 was 0.3973 and today (April 12) the price is 0.39 with a slight increase of 0.41 yesterday. It has a circulating supply of 34,766,055,060 ADA.
BNB: Binance is the biggest cryptocurrency exchange and BNB is an integral part of the Binance projects. The price of BNB on April 5 was 314.75 and the price has slowly increased by 319.07 as of today at the time of writing. It has a circulating supply of 157,886,075 BNB and a market cap of $50,377,784,588.
TOP 5 GAINERS (Last 24h)
- Render Token ($1.60): Gained over 5.31% in the last 24h
- Flare ($0.03637): Gained over 4.40% in the last 24h
- Injective ($6.46): Gained over 2.90% in the last 24h
- Huobi Token ($3.74): Gained over 2.51% in the last 24h
- Fantom ($0.487): Gained over 2.39% in the last 24h
TOP 5 LOSERS (last 24h)
- Rocket Pool ($42.11): Lost over 11.77% in the last 24h
- Conflux ($0.3892): Lost over 9.59% in the last 24h
- Lido DAO ($2.23): Lost over 9.40% in the last 24h
- Frax Share ($8.50): Lost over 5.69% in the last 24h
- Arbitrum ($1.11): Lost over 5.57% in the last 24h
In conclusion, the cryptocurrency markets are a highly competitive and rapidly changing environment. Prices today could be drastically different tomorrow as the market reacts to news and events around the globe. Those who invest in cryptocurrencies do so with caution, research, and due diligence.
Understanding how prices move and how the technology works is essential to making informed decisions. Being aware of trading strategies and tools can also help investors maximize returns and minimize losses.