Bitcoin Price | Ethereum Price: Top Cryptocurrency Prices Today: Bitcoin, Ethereum, XRP And BNB Gain Up To 5%

New Delhi: After a strong hammering, crypto tokens were back with decent gains on Friday amid market volatility. However, giant tokens have outperformed other altcoins. With the exception of US dollar-pegged coins, all other tokens were trading with decent gains on Friday. BNB and XRP rose 5% each, followed by a 4% gain in Bitcoin and Ethereum.

The global cryptocurrency market capitalization was trading higher at $1.28 trillion, jumping more than 3% in the past 24 hours. However, total cryptocurrency trading volume increased by around 1% to $82.39 billion.

Expert advice
Edul Patel, co-founder and CEO of Mudrex, said that Bitcoin, Ethereum and most cryptocurrencies rose after witnessing a steep drop. Bitcoin is currently trading above the $30,000 mark as buyers reacted to oversold conditions, he added.

Patel said that Bitcoin may face resistance above $33,000, while support lies at $27,000. The uptrend may be limited as momentum still looks negative on the charts.

Growing inflation concerns and worries about the global economic slowdown are weighing on sentiments for riskier assets, including cryptos, said Kunal Jagdale, founder of BitsAir Exchange.

“Among the crypto markets, Bitcoin was able to hover around the $30,000 level, breaking through the pessimism. If he can keep swimming against the tide, time will tell,” he added.

Global Updates
Tether, the world’s largest stablecoin, said on Thursday it had increased its holdings of US government debt while reducing exposure to riskier assets, the first glimpse of its reserves since the token was rocked by the recent crypto sector sell-off.

Terraform Labs founder Do Kwon announced an on-chain governance proposal on Wednesday morning even as the results of a preliminary online poll on a hard fork plan found minimal support among community members. .

Nomura’s new digital asset subsidiary, announced earlier this week in a move that potentially catapults the Japanese investment bank ahead of its US and European rivals, will start with a focus on cryptocurrencies, the new CEO of Nomura has said. unit, Jez Mohideen.

Blockchain gaming company Azra Games has raised $15 million in a seed funding round led by Andreessen Horowitz, the venture capital firm also known as a16z.

The capital will help fund Azra’s first game, a sci-fi/fantasy collectible and mass combat role-playing game named Project Arcanas.

Technical view by BuyUcoin cryptocurrency exchange
Kusama rallied around the unlock announcement. Kusama (KSM), the native token of Kusama Network, jumped nearly 12% after an internet announcement that 1.1 million KSM tokens are unlocked by its parent network. The increased supply of tokens triggered a massive buying from investors, resulting in KSM’s best rally in recent times.

Two years ago, KSM was trading at less than a dollar and today its price is hovering around $80, this data suggests that early investors in KSM are currently sitting on massive gains.

Kusama is part of a larger dot unit and many projects use it to live test their applications. KSM’s future looks bright and its future success will depend on macroeconomic factors surrounding the financial markets.

(The opinions and recommendations given in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking a position in any assets mentioned.)

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Bitcoin Price | Ethereum Price: Top Cryptocurrency Prices Today: Bitcoin, Ethereum, XRP And BNB Gain Up To 5%


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