On Wednesday, the cryptocurrency market was trading higher, with Bitcoin (BTC) up 1.23% to $30,476 and Ethereum trading above $1,850.

In the meantime, BTC volume over the previous 24 hours increased by 66.55%, reaching almost $14.59 billion.

The price of bitcoin has been ranging above $30,000 with a brief surge earlier today towards $31,000 and a subsequent swift fall. BTC will probably try to retake the level once more. The ultimate goal will be to break through crucial resistance at $32,400 before a persistent rise is achievable.

The 50-day simple moving average ($1,841) is currently being defended by the bulls, but Ether is also encountering resistance at the 20-day exponential moving average ($1,871). This tussle between buyers and sellers points to a lack of obvious market momentum.

On Monday, the prices of other popular crypto tokens increased as well. Up to 9% gains were seen in BNB, Polygon, Solana, and Litecoin. The market capitalization of all cryptocurrencies was up, trading at roughly $1.19 trillion, up 1.45% in the previous day.

DeFi’s 24-hour volume is 2.14 billion, or 6.62%, of the overall volume of the crypto market. Currently, the combined volume of stablecoins is $30.02 billion, accounting for 93.04% of the 24-hour volume of the entire crypto market.

The largest cryptocurrency in the world by market cap, Bitcoin, was valued at over $593 billion. According to CoinMarketCap, the market share of Bitcoin is currently 49.88%, a decline of 0.11% from the previous day.

Given the double top pattern and the 50-day exponential moving average, it is evident from an analysis of the 4-hour time frame that Bitcoin is hitting severe resistance near the $30,500 level.

Quick summary of the cryptocurrency price on July 10: The total market capitalization decreased to $1.17 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin, was able to hold steady around the $30,000 mark early Friday as most coins witnessed a combination of gains and losses. Popular cryptocurrencies witnessed very modest movement overall, with Ethereum (ETH) failing to recapture the $1,800 level over the weekend. These include coins like Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and Ripple (XRP). Compound (COMP) emerged as the highest gainer of the group, rising more than 11% in a single day. Wrapped Bitcoin (WBTC), which suffered a 24-hour loss of more than 7 percent, emerged as the greatest loser.

At the time of writing, the market capitalization of all cryptocurrencies was $1.17 trillion, down 0.63 percent over the previous day.

Bitcoin Price Today
According to CoinMarketCap, the price of one bitcoin was $30,183.19, down 0.44 percent over the previous day. WazirX, an Indian exchange, reported that the price of one bitcoin was Rs 26 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,863.28, a 24-hour decline of 0.28 percent. According to WazirX, the price of Ethereum in India was Rs 1.60 lakh.

Dogecoin Price Today
Currently trading at $0.06483, DOGE saw a 24-hour loss of 2.08 percent, according to statistics from CoinMarketCap. Dogecoin’s price in India as of WazirX was Rs 5.60.

Litecoin Price Today
Litecoin experienced a 3.65% 24-hour decline. Its price at the time of writing was $93.82. In India, LTC was priced at Rs 8,200.

Ripple Price Today
The price of XRP was $0.4662, down 1.04 percent over the previous 24 hours. The price of ripple, according to WazirX, was Rs 40.

Solana Price Today
The price of solana was $21.34, down 1.93 percent over the previous day. SOL cost Rs 1,869.99 in India, according to WazirX.

Quick summary of the cryptocurrency price on July 5: The value of the world market was $1.21 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin, managed to hold steady in the $30,000 range early on Wednesday as most coins experienced slight declines. All of the well-known cryptocurrencies, including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP), fell in value. AAVE ended up being the biggest winner of the group, rising about 10% over the course of a day. With a loss of more than 9% over the course of a day, eCash (XEC) emerged as the greatest loser.

At the time of writing, the market cap of all cryptocurrencies was $1.21 trillion, down 1.22 percent over the previous 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of one bitcoin was $30,851.54, a 1.21 percent decline over the previous 24 hours. BTC’s current price was Rs 26.52 lakh, according to Indian exchange WazirX.

Ethereum Price Today
At the time of writing, the price of ETH was $1,940.25, reflecting a 1.25 percent 24-hour decline. According to WazirX, the price of ethereum in India was Rs 1.68 lakh.

Dogecoin Price Today
Currently trading at $0.06889, DOGE saw a 24-hour increase of 0.12 percent, according to statistics from CoinMarketCap. Dogecoin’s price in India as of WazirX was Rs 5.97.

Litecoin Price Today
In the past day, Litecoin fell by 3.24 percent. It was trading at $105.47 at the time of writing. The cost of LTC in India was Rs 9,207.12.

Ripple Price Today
The price of XRP was $0.4914, down 0.05 percent over the previous 24 hours. The price of ripple was Rs 41.90, according to WazirX.

Solana Price Today
The price of solana was $19.26, down 0.59 percent over the previous day. SOL cost Rs 1,673.99 in India, according to WazirX.

On Friday, gains in Bitcoin, Ethereum, and other cryptocurrencies were extended. The market capitalization of all cryptocurrencies was $1.17 trillion, with a volume of close to $30.2 billion over the previous day.

Bitcoin
The biggest and most well-known virtual currency in the world, Bitcoin, increased 1.1 percent to $30,518.4. It had a market value of $590 billion. The value of the trade was $13.2 billion.

Ethereum
Ethererum, also known as Ether, which is the second-largest virtual currency, increased 1.1 percent to $1,852 and has a $221.8 billion market capitalization. In the previous day, $5.6 billion worth of Ethereum was traded.

Dogecoin
Dogecoin, a virtual currency based on memes, last gained 1.4 percent on Friday. The market price for it was $8.8 billion. There were $189.8 million worth of transactions.

Shiba Inu
Shiba Inu gained 1.4 percent and now has a market value of $4.3 billion. In the previous 24 hours, there were $86.6 million worth of trades.

Solana
Solana increased 17% to $18.5 and now has a $7.5 billion market cap. In the previous 24 hours, Solana saw trades of $870.2 million.

Polygon
With a $5.9 billion market capitalization, Polygon increased by 2.9%. In the previous 24 hours, there were $237.8 million in trades.

On Monday, the price of Bitcoin, Ethereum, and other cryptocurrencies decreased. Bitcoin decreased but stayed over the $30k level. The market capitalization of all cryptocurrencies was $1.17 trillion, with a volume of around $34.1 billion during the previous day.

Bitcoin
Bitcoin is the biggest and most used virtual currency in the world, decreased by 1.5 percent to $30,141.3. It had a market worth of $586.6 billion. A $14 billion trading volume was involved.

Ethererum
Ethererum also known as Ether, which is the second-largest virtual currency, decreased 0.1 percent to $1,875.1 and has a $225.6 billion market capitalization. In the previous day, Ethereum trades were worth $7.4 billion.

Dogecoin
Dogecoin a cryptocurrency based on memes, decreased by 2% to $0.1. It was valued at $9.2 billion on the market. There were $212.6 million worth of transactions.

Solana
Solana increased 0.2 percent to $16.7 and now has a $6.7 billion market cap. In the previous 24 hours, Solana saw $273.1 million in trading.

Shiba Inu
Shiba Inu experienced a 1.8 percent decline and a $4.5 billion market capitalization. In the previous 24 hours, there were $108 million in trades.

Polygon
With a market capitalization of $6.1 billion, Polygon’s share price dropped by 0.7% to $0.6. In the previous 24 hours, there were $278.8 million in trades.

On Wednesday, Bitcoin, Ethereum, and other cryptocurrencies saw gains. The market capitalization of all cryptocurrencies was $1.05 trillion, with a volume of around $33 billion during the previous day.

Bitcoin
Bitcoin, the biggest and most used virtual currency in the world, increased 0.2 percent to $26,027.6. It was valued at $503.7 billion on the market. The value of the trade was $13.8 billion.

Ethereum
Ethererum is the second-largest virtual currency, increased 0.4 percent to $1,746.3 and has a market value of $209.5 billion. In the previous day, $6 billion worth of Ethereum was traded.

Dogecoin
A virtual currency based on memes, increased 0.7 percent on Wednesday. The market price for it was $8.7 billion. There were $202.7 million worth of transactions.

Solana
Solana decreased 0.1 percent to $15.2 and now has a market value of $6.1 billion. In the previous 24 hours, Solana saw $354.7 million in trading.

Shiba Inu
Shiba Inu market capitalization decreased by 2.3 percent to $4 billion. In the previous 24 hours, there were $88.7 million worth of trades.

Polygon
The market capitalization of Polygon increased by 1.7 percent to $6.1 billion. In the previous 24 hours, there were $400.6 million in trades.

While Ethereum continued to fall and was holding below the $1,900 level, Bitcoin attempted to show some rebound following the weekend losses but remained below the $28,000 barrier.

On Monday, the price of bitcoin and other digital coins fluctuated. All of their gains from the weekend selling were lost due to the digital asset market. The monetary path cues, however, are being closely watched by traders. Throughout the week, traders will be watching important economic happenings.

The biggest cryptocurrency asset, Bitcoin, made an effort to rebound from the weekend losses by rising modestly, although it remained below the $28,000 level. Ethereum, its biggest rival, fell for a second session and was staying below the $1,900 level. Other cryptocurrencies were trading in a confusing manner.

As it entered a correction phase over the weekend, which decreased investor confidence, Bitcoin traded below the $28,000 mark. This might be as a result of traders and investors taking into account macroeconomic and crypto industry-specific risks.

The next level of support, if the price declines from its current level, would be $27,119, followed by $26,500. Ethereum, on the other hand, reverses all Shanghai upgrade gains. Overall, the market appears negative right now.

On Monday, leading tokens traded with a diverse bag of signals, but the price movement was restricted to the top names. Avalanche was down 2% among the losers, followed by Dogecoin and Polygon. Among the worst losers were Solana and Cardano. Shiba Inu, Tron, and Litecoin, on the other hand, all had a 1% increase.

The market capitalization of all cryptocurrencies was essentially unchanged, hovering around the $1.17 trillion level after somewhat increasing over the previous day. The total trading volume did, however, increase by more than 1% to $31.49 billion.

Due to the closing of long positions and a breach of crucial support near $26,500, bitcoin has lost 10% over the last three days. US yields rose as a result of data from polls of the US economy’s strength and higher-than-anticipated US inflation figures, which hurt low-yielding crypto assets.

Another issue putting pressure on cryptocurrencies is uncertainty regarding the regulatory environment in the US. The long-term price outlook for Bitcoin makes sense when taking into account macro variables, on-chain patterns, and technical indications, despite the short-term market overheating. As Bitcoin experiences a large decline, bargain hunters and dip buyers are anticipated to invest.

Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto currencies, managed to surpass $28,000 and $1,800, respectively. Other well-known altcoins, such as Ripple (XRP) and Litecoin (LTC), also experienced losses as general prices declined marginally across the board. The company with the largest gain was Solar (SXP), which increased by more than 11.14 percent in just one day. On the other side, The Conflux (CFX) ended up being the biggest loser.

The worldwide crypto market cap was $1.19 trillion at the time of writing, down 0.30 percent over the previous day.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $28,462.16 with a 24-hour decline of 0.43 percent. The price of Bitcoin was Rs 24.39 lakhs, according to Indian platform WazirX.

Ethereum price today
At the moment of writing, the price of ETH was $1,816.53, representing a 24-hour loss of 0.55 percent. According to WazirX, the price of Ethereum in India was Rs 1.54 lakhs.

Dogecoin price today
Currently trading at $0.08418, according to statistics from CoinMarketCap, DOGE saw a 24-hour gain of 8.34 percent. Dogecoin’s worth in India was Rs 7.1500, according to WazirX.

Litecoin price today
The 24-hour decline for Litecoin was 0.39 percent. Its price at the moment of writing was $92.62. The cost of LTC in India was Rs 7,723.75.

Ripple price today
The price of XRP was $0.5142, down 3.71 percent over the previous 24 hours. WazirX reported that the price of ripple was Rs 43.7752.

Solana price today
The price of solana was $20.97, down 0.64 percent over the previous 24 hours. SOL was priced at Rs 1,913.00 in India, according to WazirX.

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).

The Federal Open Market Committee decided to raise benchmark interest rates by 25 basis points during the meeting. The crypto market initially did not react to the hike, with Bitcoin and most other tokens remaining flat following the announcement.

The Federal Open Market Committee (FOMC) met late last night for the first of eight scheduled meetings in 2023. The FOMC decided to raise benchmark interest rates by 25 basis points during the meeting, as widely expected and in line with falling inflation. This is a reduction from the 50-basis-point increase in December 2022, bringing the federal funds rate to a range of 4.5 percent to 4.75 percent.

“We can now say, I believe for the first time, that the disinflationary process has begun, and we see it really in goods prices,” Powell said at a press conference following the announcement of the interest rate hike. The crypto market reacted favourably to the Fed chairman’s remarks, as expected.

The crypto market initially did not react to the hike, with Bitcoin and most other tokens remaining flat following the announcement. However, Bitcoin began to rally shortly after, rising from $22,877 early this morning to a high of $24,157 a few hours later. However, BTC has lost some of its gains since then and was trading at $23,884 at the time of writing.

Ethereum, the second-largest cryptocurrency by market cap, reacted favourably to the rate hike as well. The leading altcoin followed a similar path to Bitcoin, rising from $1,566 this morning to $1,688 a few hours later. ETH was trading at $1,673 at the time of writing, up 5.57 percent in the previous 24 hours.

The broader crypto market followed suit, with the majority of the top 100 cryptocurrencies by market capitalization turning green in the last 24 hours. As a result, the global crypto market cap increased by $40 billion, a 3.88 percent increase from the same time yesterday. Overall, the biggest gainers were Optimism (OP), which increased by 24 percent in the last 24 hours, and Loopring (LRC), which increased by 17 percent.

The FOMC was dealing with record-high inflation last year. As a result, it was forced to implement 75 basis point interest rate hikes several times in 2022. Each hike caused the crypto market, particularly Bitcoin, to plummet dramatically. Given this backdrop, market participants have greeted a 25 basis point interest rate hike with open arms. It indicates that the Fed is currently winning the battle against inflation.

However, Jerome Powell, Chairman of the US Federal Reserve, warned that there is still a long way to go before interest rate hikes can be paused entirely. “Inflation has eased slightly but remains elevated,” Powell said at a press conference following the announcement. “Given our outlook, I don’t think we’ll cut rates this year,” he added.

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