Tuesday saw a sharp increase in the price of Bitcoin and other popular cryptocurrency tokens due to the repercussions from Silicon Valley Bank (SVB). However, some stablecoins lost their peg to the US dollar during the crisis, but the US dollar, in particular, was showing its muscles.

A 10% increase later, Bitcoin reached the $24,000 level. Getting a job is a good thing, but it’s not always easy. The price of Ethereum, its biggest rival, was up 5% and selling close to $1,700. Blue chip tokens underperformed the altcoins, rising up to 40%.

Since these banks served as the main entry points for dollars into crypto assets, the closing of three crypto-friendly banks, Silvergate, SVB, and Signature, is likely to cause short-term liquidity problems.

“The use of new banking partners by the cryptocurrency business may quickly change. Many professionals in the sector are switching to Mercury, BCB Group, Axos, and a few other institutions that support cryptocurrency startups. This might cause cryptocurrency businesses to relocate to countries with more benevolent regulations, like Switzerland, Hong Kong, Qatar, and the UK.”

Except for the stablecoin Tether, which is pegged to the US dollar, all other leading and well-known crypto tokens were significantly rising on Tuesday. BNB gained 7%, Bitcoin gained 4%, and Polygon gained 4% each, respectively. Shiba Inu, Bitcoin, Polkadot, and Solana all saw a 3% increase.

The market capitalization of all cryptocurrencies traded significantly higher, crossing back over the $1 trillion threshold. It rose another 6 per cent to $1.08 trillion in the last 24 hours. However, the overall trading amount increased by more than 24%, or nearly $90,50 billion.

Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto coins, managed to surpass the $20,000 and $1,400 markers, respectively. Other well-known altcoins, such as Ripple (XRP) and Litecoin (LTC), fell as total prices saw only modest increases in all categories. The largest gainer, Trust Wallet Token (TWT), saw a 24-hour increase of more than 8.61 percent. On the other side, The BinaryX (old) ended up being the biggest loser.

The market capitalization of all cryptocurrencies was $953.97 billion at the time of writing, representing a 24-hour decline of 0.04 percent.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $20,633.88, up 0.15 percent over the previous day. The price of Bitcoin was Rs 18.16 lakhs, according to Indian platform WazirX.

Ethereum price today
At the moment of writing, the price of ETH was $1,480.28, up 1.20 percent over the previous day. According to WazirX, the price of ethereum in India was Rs 1.30 crores.

Dogecoin price today
Currently trading at $0.06659, according to statistics from CoinMarketCap, DOGE experienced a 24-hour loss of 0.43 percent. Dogecoin’s worth in India was Rs 5.9600, according to WazirX.

Litecoin price today
The 24-hour decline for Litecoin was 4.30 percent. Its price at the moment of writing was $69.63. The cost of LTC in India was Rupees 6,071.01.

Ripple price today
The price of XRP was $0.3665, down 1.09 percent over the previous 24 hours. WazirX reported that the price of ripple was Rs 32.1513.

Solana price today
Solana price was $18.19, down 0.70 percent over the previous 24 hours. SOL was priced at Rs 1,701.00 in India, according to WazirX.

The Federal Reserve Chair Jerome Powell’s hawkish remarks on Thursday’s cryptocurrency market trading raised the prospect of additional significant rate increases to combat inflation. While BNB, XRP, and Shiba Inu were trading with advances, Bitcoin, Solana, and Polygon were trading with cuts.

The market capitalization of all cryptocurrencies was selling lower at around $996.91 billion, dropping 0.93% over the previous 24 hours.

“The US central bank sent strong signals about tackling inflation through strict monetary policies and rate increases, which caused the market cap of cryptocurrencies to fall below the $1 trillion threshold. In the upcoming weeks, hawkish monetary policies could reduce market liquidity, which could lead to further price declines.”

Ethereum (ETH) was trading below $1,550, while Bitcoin (BTC) dropped 1.24% to $21,751. The 24-hour volume of Bitcoin was roughly $21.68 billion, a 10.01% decline over the previous period.

At the moment, DeFi has a total volume of 3.68 billion, or 8.50% of the 24-hour volume of the entire crypto market. Stablecoin traffic as a whole is currently $39.04 billion, or 90.12% of the 24-hour volume of the entire crypto market.

The biggest cryptocurrency in the world by market cap, Bitcoin, was valued at about $420 billion. According to CoinMarketCap, the dominance of Bitcoin is presently 42.12%, down 0.04% from the previous day.

“Over the past 24 hours, Bitcoin has fallen below the US$22,000 mark as investors have continued to respond to comments made by US Fed Chair Jerome Powell regarding interest rate increases. Due to doubts, it appears to be challenging for bulls to raise the price above the breakdown of US$22,800. This indicates that there hasn’t been any aggressive buying at these prices, which could push the price down to the key support level of US$21,480.”

Bitcoin $21,751 -1.24%

Ethereum $1,539 -0.91%

Tether $1 -0.01%

BNB $289.79 1.23%

XRP $0.3892 3.92%

Dogecoin $0.07202 -1.33%

Cardano $0.3192 -1.25%

Polygon $1.06 -6.03%

Polkadot $5.64 -0.82%

Tron $0.06584 -0.54%

Litecoin $83.11 -2.22%

Shiba Inu $0.00001112 2.82%

Solana $18.58 -5.54%

Top cryptocurrency tokens were in excruciating pain on Friday as a result of the buzz surrounding Silvergate, following muted trading in the previous few days. Significant cryptocurrency companies have removed themselves from Silvergate, and the bank is still losing customers.

Silver Gate acknowledged that its auditors would need to examine its books and issued a number of cautionary statements. Although other significant crypto exchanges did not report comparable issues, Silvergate appears to be experiencing problems.

The biggest cryptocurrency commodity, Bitcoin, fell sharply below the $23,000 level. It decreased by about 5% to remain around $22,300. Similar cuts were also made by Ethereum, its biggest rival, causing it to fall under $1,600 in the early exchange. Altcoins were in a lot of pain.

“Both Bitcoin and Ethereum saw a 5% decline, which resulted in a loss of their weekly gains. Bitcoin is currently selling at $22,300, below the $23,000 mark, and has reached its lowest level in about two weeks. In anticipation of potential inflation and interest rate increases, investors and traders are closely monitoring economic data and other variables.”

Except for the stablecoins tied to the US dollar, all other well-known and renowned crypto tokens were trading with significant losses on Friday. Avalanche was selling 8% lower while Litecoin fell by about 9%. Bitcoin and Cardano both fell by 7%, while Shiba Inu and Polkadot both fell by 6%.

In the previous day, the market capitalization of all cryptocurrencies fell significantly, falling to $1.02 trillion, or about 5%. The overall trading volume did, however, increase by almost 9% to $52.96 billion.

“As a consequence, Silvergate’s stock fell by almost 50%, reaching a record low. These market changes signal an increase in market volatility and possible short-term weakness, “said he. Ethereum has experienced a significant decline on the 4-hour chart and may possibly challenge the next support level at $1400.

On Thursday, most coins declined, adding to their losses from the previous session. The market capitalization of all cryptocurrencies was $1.07 trillion, with a volume of roughly $47.7 billion over the previous day.

Bitcoin
The biggest and most well-known virtual money in the world, Bitcoin, increased 0.2 percent to $23,486.3. It was valued at $453.8 billion on the market. The value of the transaction was $24.3 billion.

Following the release of US Consumer Confidence statistics on Wednesday, Bitcoin fell towards $24,000 before recovering and reaching the $23,500 mark. BTC has risen by more than 1% over the last 24 hours. To experience a major upswing in the upcoming days, it will need to recover further as it still seems somewhat vulnerable.

Ethereum
Ethererum, also known as Ether, the second-largest virtual currency, increased 0.6 percent to $1,648.2 and reached a market capitalization of $201.8 billion. In the previous day, Ethereum trades were worth almost $7.6 billion.

“Trades for Ethereum ranged between $1,613 and $1,650, up 2% from the prior day. The $1,600 and $1,550 levels provide instant support for ETH, while the $1,670 level continues to be a point of resistance.”

Dogecoin
A virtual currency founded on memes, decreased 1.2 percent on Thursday. It was valued at $10.8 billion on the market. There were $265 million worth of transactions.

Solana
Solana decreased 1.1 percent to $22.1 and now has a $8.3 billion market value. In the previous 24 hours, Solana saw $342.6 million in trading.

Shiba Inu
Shiba Inu market capitalization decreased by 1.8 percent to $6.6 billion. In the previous 24 hours, there were $169.9 million in trades.

Polygon
Polygon, with a market capitalization of $10.2 billion, decreased by 0.6 percent to $1. In the previous day, there were $6.1 billion worth of transactions.

On Tuesday, cryptocurrency prices were mixed. The global crypto market cap was $1.05 trillion, with $55.7 billion in volume in the previous 24 hours.

Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, gained 1.4 percent to $23,018. Its market capitalization was $442.9 billion. The total value of trade was $26.4 billion.

“The price increase could be attributed to BTC whales amassing and driving up the price.

Ethererum
The second largest virtual currency, fell 0.1 percent to $1,634.2, with a market capitalisation of $199.6 billion. In the last 24 hours, Ethereum’s trade volume was $8.2 billion.

Dogecoin
Dogecoin, a meme-based virtual currency, rose 0.5 percent on Tuesday. Its market capitalization was $11.8 billion. The total trade volume was $647.7 million.

Solana
Solana gained 0.7 percent to $24.5, with a market cap of $9 billion. Solana’s trade volume in the last 24 hours was $839.9 million.

Shiba Inu
Shiba Inu fell 0.5 percent to $6.6 billion in market capitalisation. In the last 24 hours, the trade volume was $252.4 million.

Polygon
Polygon fell 0.4 percent to $1, with a $8.7 billion market capitalisation. In the last 24 hours, the trade volume was $395.6 million.

In a report to creditors on Tuesday, bankrupt crypto exchange FTX stated that approximately $415 million in cryptocurrency had been stolen as a result of hacks.

Since the company’s bankruptcy filing on November 11, $323 million in cryptocurrency has been stolen from its international exchange, and $90 million has been stolen from its US exchange, according to CEO John Ray in a separate statement on Tuesday.

Sam Bankman-Fried, the founder of FTX, has been accused of stealing billions of dollars from FTX customers to pay debts owed by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to the charges of fraud.

FTX told a Delaware bankruptcy judge last week that it had recovered more than $5 billion in cryptocurrency, cash, and liquid securities nine weeks after declaring bankruptcy.

On Tuesday, the company revealed that it had recovered $1.7 billion in cash, $3.5 billion in liquid cryptocurrency, and $300 million in liquid securities.

FTX did not provide a total liability estimate, but stated that it had identified significant shortfalls at both its international and US crypto exchanges.

“We are making progress in our efforts to maximise recoveries,” Ray said in a statement.

Based on crypto prices on November 11, 2022, the recovered crypto assets include $685 million in Solana, $529 million in FTX’s proprietary FTT token, and $268 million in bitcoin. Solana, which Bankman-Fried praised, lost the majority of its value by 2022.

FTX discovered a November asset seizure by the Securities Commission of the Bahamas during its initial investigation into system hacks, resulting in a dispute between FTX’s US-based bankruptcy team and Bahamian regulators.

The two parties reached an agreement in January, and Ray announced on Tuesday that the Bahamian government was holding $426 million for creditors.

During a Tuesday event at the Atlantic Council in Washington, Bahamas Prime Minister Philip Davis mentioned the dispute, saying Ray’s team had “come around” and accepted that the Bahamian asset seizure “was appropriate and perhaps has saved the day for many of the investors in FTX.”

Today cryptocurrency price: The majority of cryptocurrencies fell on Friday. The global crypto market cap was $818 billion, with $27.3 billion in volume in the previous 24 hours.

Bitcoin (BTC)
Bitcoin, the world’s largest and most popular virtual currency, was nearly flat at $16,827.5. Its market capitalization was $324.5 billion. The total value of trade was $13.6 billion.

“Bitcoin consolidated below $17,000 as market volatility remained high in the aftermath of the recent FOMC minutes. The immediate support level for BTC is $16,800. And the resistance is at $16,900, followed by $17,000. A clear move above $17,000, on the other hand, may instil confidence in the bulls to go even higher “Mudrex CEO and Co-Founder Edul Patel stated.

Ethereum
Ethererum, or Ether, the second largest virtual currency, fell 0.3 percent to $1,251.2, with a market capitalisation of $153.5 billion. In the last 24 hours, Ethereum’s trade volume was $3.9 billion.

Patel stated about Ethereum, “In the last 24 hours, Ethereum has broken through its nearest resistance level of $1,205. If buyers can maintain their advantage, ETH could rise to $1,236.”

Dogecoin
The meme-based virtual currency Dogecoin fell nearly 2% on Friday. Its market capitalization was $9.5 billion. The total value of trade was $376.2 billion.

Shiba Inu
Shiba Inu market capitalisation increased by 0.4 percent to $4.6 billion. In the last 24 hours, the trade volume was $266.3 million.

Solana
With a market capitalisation of $4.9 billion, Solana fell 0.1 percent to $13.2. Solana’s trade volume in the last 24 hours was $187.6 million.

Polygon
Polygon market capitalisation fell by nearly 2% to $6.9 billion. In the last 24 hours, the trade volume was $192.5 million.

According to Coinmarketcap, the price of Bitcoin, the world’s largest cryptocurrency, was hovering around Rs 14.38 lakh, with its dominance at 39.94 percent, a 0.19 percent decrease over the day.

Major cryptocurrencies were trading in the red early on January 5, despite the fact that the global crypto market cap increased 1.21 percent to $820.08 billion in the previous day. Over the last 24 hours, total crypto market volume increased by 30.28 percent to $35.35 billion.

DeFi’s total volume is currently $2.19 billion, accounting for 6.18 percent of the total crypto market 24-hour volume. The total volume of all stable coins is now $32.90 billion, accounting for 93.07 percent of the total 24-hour volume of the crypto market.

According to Coinmarketcap, the price of Bitcoin, the world’s largest cryptocurrency, was hovering around Rs 14.38 lakh, with its dominance at 39.94 percent, a 0.19 percent decrease over the day.

These are the top cryptocurrency prices.

• Bitcoin $16834.50
• Ethereum $1252.56
• Tether $1.00
• Cardano $0.27
• Binance Coin $258.39
• Ripple $0.35
• Polkadot $4.63
• Dogecoin $0.074

With Bitcoin breaching a significant resistance level of $16,750, the cryptocurrency market as a whole is exhibiting a significant downturn. Similar to Bitcoin, Ethereum, the second-ranking cryptocurrency, has experienced a sharp increase of 3% to $1,250.

Despite the fact that the global crypto market value increased 0.54% to $809.35 billion the previous day, major cryptocurrencies were trading in the bullish early on January 4. Over the previous 24 hours, the total crypto market volume increased by 12.75% to $26.64 billion.

DeFi’s total volume is $1.92 billion, accounting for 7.20% of the overall 24-hour volume in the crypto market. The total volume of all stable currencies is currently $24.85 billion, accounting for 93.30% of the crypto market’s total 24-hour volume.

Bitcoin Price

The current bitcoin price is $16,857, with $15 billion in trading volume in the last 24 hours. Bitcoin has broken through a major resistance level of $16,785 and is now heading north toward the next resistance level of $16,950.

Bitcoin has formed a bullish engulfing candle on the 4-hour timeframe, indicating the possibility of a strong uptrend continuation. A break above $16,950 could take Bitcoin to the $17,250 level.

Ethereum Price

The current price of Ethereum is $1,247, with a 24-hour trading volume of $4.8 billion. Ethereum has gained 2.5% and has found immediate support at the $1,235 level.

On the upside, ETH’s immediate resistance remains at $1,260, and a bullish breakout could expose the price to $1,280 or $1,300.

While support is still around $1,235, a break below this level may allow for more selling until $1,205.