In Tuesday’s trade, major cryptocurrency tokens were mixed with a tilt toward declines. Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Polkadot, Toncoin, and Shiba Inu were trading in the green, while Bitcoin, Solana, Avalanche, Chainlink, Polygon, and Internet Computer were trading in the red.

Ethereum was up 0.34% at $2,931, while Bitcoin was down 0.9% at $51,926, in trade. Over the previous day, the value of the worldwide cryptocurrency market dropped by 0.1% to approximately $1.98 trillion.

After testing the $52,000 resistance level, traders are now consolidating Bitcoin at $51,700 as they book profits. If it is not overcome, support may be found at $51,300. The immediate resistance is located at $52,200.

After hitting resistance at $52,000, bitcoin is currently consolidating below that level. This week, a sharp increase towards $53,000 is conceivable as market makers attempt to invalidate significant short positions in the market. This week’s cryptocurrency news, particularly NVIDIA’s highly anticipated quarterly report, could be impacted by the mood of the broader stock market.

Solana, Avalanche, Internet Computer, and Chainlink were the top losers among the major altcoins, losing 1-4 percent.

Currently, DeFi’s total volume is $6.59 billion, or 9.38% of the 24-hour volume of the whole cryptocurrency market. According to data available on CoinMarketCap, the total amount of stablecoins is currently $62.94 billion, or 89.63% of the entire 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $1.02 trillion in the past day. Currently, 51.54% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 13.7% to $21.7 billion in the past day.

A quick analysis of the cryptocurrency pricing on August 6: On Sunday morning, the market capitalization of all cryptocurrencies was $1.16 trillion.

On early Sunday morning, Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto coins, were able to hold above the $29,000 and $18,000 levels, respectively. Other well-known altcoins, like as Litecoin (LTC) and Dogecoin (DOGE), also performed well as overall values increased marginally across the board. ApeCoin (APE), which saw a 24-hour increase of more than 14.20 percent, emerged as the top gainer. On the other hand, Render (RNDR) ended up being the greatest loss.

The worldwide crypto market valuation was $1.16 trillion at the time of writing, up 0.39 percent over the previous day.

Bitcoin price today
The worldwide crypto market valuation was $1.16 trillion at the time of writing, up 0.39 percent over the previous day.

Ethereum price today
At the time of writing, the price of ETH was $1,833.41, up 0.28 percent over the previous day. According to WazirX, the price of ethereum in India was Rs 1.57 lakhs.

Dogecoin price today
Currently trading at $0.07569, according to statistics from CoinMarketCap, DOGE saw a 24-hour rise of 1.85%. Dogecoin’s price in India was Rs 6.5101, according to WazirX.

Litecoin price today
Litecoin increased by 1.39 percent in the past day. It was trading at $83.19 at the time of writing. The cost of LTC was Rs 7,091.46 in India.

Ripple price today
The price of XRP was $0.635, up 2.23 percent over the previous day. WazirX reported that the price of ripple was Rs 54.6800.

Solana price today
The price of solana was $22.90, up 1.13 percent over the previous day. SOL cost Rs 1,955.04 in India, according to WazirX.

Ethereum was trading lower, losing about a percent but managing to keep $1,850-level while Bitcoin continued to bleed, down more than 2% to barely hold the 29,000-mark.

On Tuesday, as Worldcoin, which is currently outlawed in the US, caught the attention of digital token traders, Bitcoin and other crypto tokens resumed their downward trend. However, the monetary policy meeting of the US Federal Reserve will be watched by traders.

Tuesday saw additional losses for Bitcoin as the biggest cryptocurrency token fell more than 2% to cling near the 29,000 mark. Though trading lower and down approximately 1%, Ethereum, its biggest peer, was able to maintain the $1,850 mark. Early in the day, the price of the active altcoins was declining.

In the past 24 hours, there has been some selling pressure on the entire crypto market. After experiencing a loss of 5 points, the cryptocurrency fear and greed index has again returned to the middle of the spectrum.

Within a few minutes of Twitter CEO Elon Musk switching the Twitter logo to X.com, Dogecoin saw a favourable price movement, leading traders to believe that DOGE would be used on the new X app.

All other major cryptocurrency tokens were trading lower on Tuesday, with the exception of Dogecoin and stablecoins tethered to the US dollar. Each of XRP and Bitcoin Cash experienced a 5% decline, while Solana experienced a 4% decline. Cardano, Toncoin, and Litecoin all fell by 3%. Dogecoin grew the most of the gainers, 8% apiece.

The market capitalization of all cryptocurrencies was much lower, trading at $1.17 trillion after losing 2% in the previous day. The entire trade volume did, however, increase by roughly 42% to $34.47 billion.

Investors are anticipating this week’s Federal Open Market Committee (FOMC) meeting, which has caused bitcoin volatility to decline to its lowest point in a year. This week, the FOMC is projected to increase interest rates by 25 basis points, with the possibility that this will be the last rate increase by the Federal Reserve for some time.

The largest cryptocurrency, Bitcoin, increased its gains by more than 2% to remain close to the $29,000 level. Ethereum, its biggest rival, increased 2% and reclaimed the $1,900 mark.

Bitcoin and Ethereum rose, but other cryptoassets were unable to follow suit. Following the mediocre performance of US financial stocks, bitcoin increased in value. Cryptocurrency legislation continued to be the hot subject in industrialised economies.

The largest cryptocurrency, Bitcoin, continued to rise, gaining by more than 2% to trade at or near the $29,000 level. Its biggest rival, Ethereum, also increased by 2% and reclaimed the $1,900 mark. The altcoin’s performance in the early trade was inconsistent.

This rise has reversed the week’s losses for Bitcoin and lifted it to its highest level in seven days. At the moment, Bitcoin is supported at $28,000 and is facing opposition at $29,400. In the meantime, Ethereum has surpassed $1,900 and reached a five-day high.

Only Cardano and Polygon, which both climbed by up to 2% during the early trade, were trading in the green aside from the leading names. On the contrary, there was a cap on the cuts. Litecoin, which fell by around 3%, and BNB, which fell by approximately 2%, were the losers. Each of XRP and Polkadot lost more than 1%.

The market capitalization of all cryptocurrencies was much higher, trading at close to $1.20 trillion, having increased by more than 1% over the previous day. The entire trade volume did, however, increase by roughly 73% to $70.12 billion.

Bitcoin, the most valuable cryptocurrency in the world, crossed the $30,000 threshold. The crypto winter that gripped the market in 2022 is clearly coming to an end, according to the cryptocurrency market. The legislative support demonstrated by developed economies like the UK and Europe will help the global crypto ecosystem develop.

Cryptocurrencies continued to lose money. The market capitalization of all cryptocurrencies was $1.21 trillion, with a volume of $62.7 billion over the previous day. Investors are concerned about digital assets because of the SEC’s stance on cryptocurrency and potential rate increases in the future. In addition, the market showed a link between Bitcoin and the S&P following initial signs that the two had begun to move independently.

Bitcoin
The biggest and most used virtual currency in the world, Bitcoin, was down 4.3 percent at $28,931.8 as of the most recent tally. It was valued at $560.5 billion in the market. The value of the trade was $25.2 billion.

In the last 24 hours, Bitcoin has fallen below the $29,000 threshold after the UK released inflation data that came in higher than expected. The data showed a rise of 10.1% over the previous 12 months. Due to this, BTC dropped to its lowest level since April 10th, with the next significant support level being at $28,500.

Ethereum
Ethererum the second-largest virtual currency, lost 6.9% of its value to $1,948 and a $233 billion market cap. In the previous day, $14.2 billion worth of Ethereum was traded.

During the same time frame, Ethereum fell by seven percent and is now worth $1,900. As is customary when unexpected things happen, the market reacted, which led investors to flee riskier investments. Investors and traders may need some time to assess the potential effects of the inflation report and recover from the incident.

Dogecoin
The meme-based virtual currency Dogecoin dropped to $0.1 by 2.8%. It had a market value of over $12.7 billion. There were $1.4 billion worth of transactions.

Solana
Solana fell 7.2 percent to $22.9 and now has a $9.1 billion market worth. In the past 24 hours, Solana saw trades worth $845.7 million.

Shiba Inu
Shiba Inu market capitalization decreased by 5.4 percent to $6.5 billion. In the previous 24 hours, there were $320.9 million in transactions.

Polygon
Polygon with a market capitalization of $10.1 billion, fell 7.3 percent to $1.1 on the day. $520.2 million worth of transactions were made within the past 24 hours.

On Wednesday, the value of most cryptocurrencies decreased. The market capitalization of all cryptocurrencies was $1.1 trillion, with a volume of approximately $68 billion during the previous day.

Bitcoin
Bitcoin, the biggest and most used virtual currency in the world, dropped 3% to $24,182.9. It had a market value of $465 billion. The value of the trade was $32.2 billion.

In the last 24 hours, Bitcoin dropped from its prior peak and reached $24,000 after a rapid change in market sentiment for cryptocurrencies. Bulls were unhappy as BTC failed to surpass its resistance level at $25,200 despite achieving a high of $25,100.

Ethereum
The second-largest virtual currency, dropped 3.9 percent to $1,643 and now has a market value of $200.9 billion. In the previous day, $9.1 billion worth of Ethereum was traded.

“Ethereum’s value also dropped, dropping below $1,700 as bears took control of the market. Support for ETH is currently at $1,630, and resistance is at $1,650.”

Dogecoin
The meme-based virtual currency Dogecoin fell 4%. It was valued at $11.2 billion in the market. There were $493.9 million in trades.

Shiba Inu
Shiba Inu market capitalization fell by 5.1 percent to $7.1 billion. In the previous 24 hours, there were $351.7 million in transactions.

Solana
Solana lost 6.1 percent to $24.4 and now has a $9.2 billion market cap. $926.7 million worth of Solana’s shares were traded in the previous day.

Polygon
With a $1.4 billion market capitalization, Polygon fell 8.8%. In the previous 24 hours, there were $499.9 million in trades.

On Thursday, the cryptocurrency market extended its gains, with Bitcoin and other digital coins trading sharply higher. Investors are optimistic about the Fed’s next monetary policy moves, despite sluggish US consumer data. Short covering in select tokens aided sentiments as well.

Bitcoin surged past the $24,000 mark, as the top crypto token extended its gains and gained 12%. Ethereum, its largest peer, also gained double digits and was just shy of the $1,700 mark. A few altcoins increased by up to 22%.

Following a month of ups and downs, the cryptocurrency market is preparing for a positive outlook. According to ZepPay Trade Desk, the Federal Reserve has raised interest rates by one percentage point in three quarters, the largest increase since 1994.

Bitcoin has now surpassed $21,000 and is trading above $24,000. Other crypto assets that trade alongside Bitcoin, such as Ethereum (ETH) and Binance’s native token BNB, have also seen significant gains.

With the exception of US dollar-pegged stablecoins, all major top crypto tokens were trading with significant gains on Thursday. Aside from Bitcoin, Avalanche increased by 12% and Solana increased by 11%. Ethereum, Shiba Inu, and BNB all increased by 9%, while Dogecoin increased by 8%.

The global cryptocurrency market capitalization was trading sharply higher at $1.12 trillion, up nearly 9% in the last 24 hours. However, total trading volumes increased by more than 23% to $71.47 billion.

After US Federal Reserve Chair Jerome Powell stated that inflation is beginning to ease, the crypto market experienced a mixed trading performance. The Federal Reserve raised interest rates by 0.25 percent. Bitcoin (BTC) increased 3.11 percent to $23,788, while Ethereum (ETH) surpassed $1,600. Over the last 24 hours, BTC volume has been around $30.58 billion, up from 37.16 percent.

BTC’s price surpassed even the most optimistic price forecasts last week. Bitcoin gained 6.5 percent in five hours after testing the $22,500 support level on February 1st, and has been flirting with the $24,000 level ever since. It’s also worth noting that Bitcoin’s 40-day correlation to the S&P 500 remains above 75%.

Traders will be looking to see if Ether bulls can keep the price within the bullish triangle formation for the next two weeks. If the macro environment permits, ETH derivatives suggest a possible rally to $1,800. Meanwhile, Ethereum Foundation developer Parithosh Jayanthi announced the February launch of the “Zhejiang” public test net.

Bitcoin
Bitcoin began trading higher after breaking out above the range, forming a ‘Higher High Higher Low’ pattern. Yesterday, prices reached a weekly high of $24,255. The asset is currently trading in a ‘Bullish Flag’ pattern. However, the bulls will face a significant challenge at $25,200 (previous high on August 15, 2022) and $28,500. (Horizontal trendline). We can expect another rally up to $32k if prices break and sustain above these resistances. If it continues to resist at these levels, we can expect some profit booking. The asset will be well supported by $21,500.

Ethereum
Ethereum was trading sideways between $1,050 and $1,300. The asset eventually broke above the range and began moving upwards by forming a ‘Higher High Higher Low’ pattern, rallying up to $1,714.6. The asset has a strong resistance zone ranging from $1,700 to $1,750 (Horizontal Trendline), and after reaching a high of $1,714, ETH formed a Doji candle with a longer upper shadow, indicating selling near the resistance. To continue rallying, ETH must break, close, and sustain above $1,750, where it has strong support around $1,500. (200 Day Moving Average).