Cryptocurrency Price Today: Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin jump up to 4%; Solana falls 3%

Synopsis

Solana dropped 3 per cent. XRP and Avalanche dropped about a per cent each. On the other hand, Dogecoin zoomed 4 per cent, followed by a 2 per cent rise in BNB and Cardano each.

Crypto market has shown a decent recovery in the last few days after finding support near $44,000 levels but the momentum appears to have slowed down a little latest, said Kunal Jagdale, Founder, BitsAir Exchange.New Delhi: The digital token market was trading flat on Tuesday as investors closely watched the major global events unfold and their impact on the financial markets.

However, crypto trading volumes were holding around $100 billion level despite the cautious stance and economic uncertainty inflamed by the conflict between Russia and Ukraine.

Solana dropped 3 per cent. XRP and Avalanche dropped about a per cent each. On the other hand, Dogecoin zoomed 4 per cent, followed by a 2 per cent rise in BNB and Cardano each.
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The global cryptocurrency market cap moved up to $2.16 trillion, adding less than a per cent in the last 24 hours. Total cryptocurrency trading volume advanced more than 13 per cent to $107.22 billion.

What’s cooking in India
Cryptocurrency platforms are seeing a steady rise in the number of customers despite several risks and regulatory uncertainties. The prospect of earning high returns and the ease of investment is attracting people across the nation.

One of the largest broking outfits in India had taken over a decade to reach 1 crore customer accounts. In comparison, WazirX and CoinDCX, among the biggest crypto exchanges in India, took just about four years to reach that milestone.

Expert Take
“We witnessed a range-bound session over the past 24 hours. Although the lower end of the wick was massive as sellers attempted to bring the market lower and the bulls fought back,” said Edul Patel, CEO and Co-founder of Mudrex.

The rise in trading volumes confirms that the momentum in the market is slightly bullish. Over the coming few days, we can expect some volatility, he adds.

Crypto market has shown a decent recovery in the last few days after finding support near $44,000 levels but the momentum appears to have slowed down a little latest, said Kunal Jagdale, Founder, BitsAir Exchange.

“The market may remain range-bound for some time and consolidate here before making a decisive call for the movement,” he added.

Global updates

  • Dogecoin price and Twitter stock soared after Elon Musk took 9.2% stake in the social media company. Tesla CEO Elon Musk has shared a dogecoin video on Twitter in a conversation about bitcoin mining on April 1.

  • Crypto exchange BitMEX has laid off 75 workers in a move that comes shortly after plans by a company founded by BitMEX’s CEO and CFO to buy one of Germany’s oldest banks fell through.

  • Digihost (DGHI) became the first publicly traded crypto miner to offer shareholders the option to get dividend payments in bitcoin (BTC), starting from the third quarter of this year.

  • The Pudgy Penguins non-fungible token (NFT) project is under new leadership after the close of a long-awaited 750 ETH ($2.5 million) sale.

Tech View by Giottus Crypto Exchange
Theta combines the power of decentralization with one of the most popular internet concepts – video streaming. It enables users to facilitate streams with each other via their bandwidth. In return, Theta rewards users in its TFUEL token.

The primary token – THETA – is representative of the value of the platform. After a strong correction from over $10 in September to a low of nearly $2 in March, THETA, like many other altcoins, is showing strength. It has recently flipped a resistance trendline into support and is currently testing it to establish further upside.

Chart-ThetaET CONTRIBUTORSImmediate targets of $4.3 and $4.7 are on the horizon. A flip of the $5.95 resistance level will clearly establish an uptrend, at least in the mid timeframes.

THETA must hold its current levels for these bullish scenarios to play out. Else THETA may return to a narrow triangle converging at the $3 mark and a potential triple bottom at $2.25 before a reversal.

Major levels
Support: $3.6, $3, $2.65, $2.25
Resistance: $4.3, $4.7, $5.95

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)
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Updated: 04/05/2022 — 01:00