Top cryptocurrency prices today: Shiba Inu, Bitcoin, Dogecoin, Ethereum zoom up to 20%

Synopsis

The global cryptocurrency market cap jumped to $1.87 trillion mark, up more than 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped 8 per cent to $92.5 billion.

New Delhi: After a sharp fall in the previous sessions, prices of crypto tokens stabilized today. The crypto market was able to hold some gains as traders bought the latest dip. A sharp rise in US consumer price index numbers took inflation to four-decade-highs. Rise in crude oil prices dented sentiments further.

Only the dollar-pegged Tether was trading marginally lower, whereas Shiba Inu rallied more than 20 per cent. BNB surged 6 per cent, whereas Avalanche, Terra, Cardano and Dogecoin jumped up to 5 per cent each.

The global cryptocurrency market cap jumped to $1.87 trillion mark, up more than 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped 8 per cent to $92.5 billion.
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Global updates
Central bank digital currencies (CBDCs) could put pressure on conventional banks, a survey of central banks found, and the jury is still out on whether central banks would use distributed ledger technology.

Four popular cryptocurrencies, including the tokens of Shiba Inu and Solana, are now listed on trading platform Robinhood.

Solana-based move-to-earn project STEPN by Find Satoshi Lab earned $26 million in the first quarter. Move-to-earn, similar to play-to-earn, is a model where users are rewarded in cryptocurrency for their step count.

Ichi’s ICHI governance tokens have plunged some 90 per cent in the past 24 hours after a series of cascading liquidations in its pool on yield-generating platform Rari, data shows.


Tech View by BuyUcoin
Ape Coin witnessed a healthy jump after the news about Coinbase producing a movie trilogy with the Bored Ape Yacht Club NFT collection.

It was a zig-zag journey for the Ape coin in the market today as it touched $12.09 in day trade and experienced some selling pressure later on. With such promising announcements, bulls are hopeful about holding onto E but it is important to gauge the broader crypto market sentiments to minimize the risk.

Chart- EET CONTRIBUTORS
E has been at the center of investor interest due to its rising popularity but it needs more due diligence as it is in a highly volatile state currently.

(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: 04/13/2022 — 01:00