In the last 24 hours, the cryptocurrency markets have shown a significant upward trend, with a more than 4% increase in the crypto market cap. Bitcoin (BTC) has risen by 2.30% and is currently trading at $30,786, while Ethereum (ETH) has surged by 10.5% and has crossed the $2,100 level.
Despite concerns about a significant sell-off after the Shapella upgrade, ETH has risen by over 10% in the past day and is currently trading in the $2.1k zone. BTC is also on an upward trajectory and is approaching the $31k mark. According to Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, the crypto fear and greed index has increased by 7 points and now stands at 68, indicating growing investor confidence in the market.
Many of the leading crypto tokens exhibited an upward trend. Dogecoin saw a surge of almost 9%, while other tokens such as BNB, XRP, Litecoin, Solana, and Cardano also traded with gains. The global cryptocurrency market cap experienced a 4.25% increase in the last 24 hours, reaching approximately $1.28 trillion.
The market cap of Bitcoin, the largest cryptocurrency in the world, stands at around $595 billion. According to CoinMarketCap, Bitcoin’s dominance in the crypto market is currently at 46.30%, representing a decline of 0.95% over the day.
In the last 24 hours, Bitcoin has surged above the US$30,800 level, with crypto markets reacting to the latest US inflation report. Edul Patel, Co-founder and CEO at Mudrex stated that BTC has support at the US$30,400 level and resistance at the US$30,800 level. Meanwhile, Vice President Rajagopal Menon at WazirX has analyzed various market oscillators, indicating a neutral sentiment. The Stochastic RSI Fast (3, 3, 14, 14) and William’s Percentage suggest “Sell” at 86 and -9, respectively, while the MACD Level (12, 26) indicates “Buy.”
Here is a glance at the current crypto market as of 10:54 hours IST on April 14, 2023 (Source coinmarketcap.com)
- Bitcoin: $30,780, up 2.34%
- Ethereum: $2,117, up 10.52%
- Tether: $1.00, up 0.01%
- BNB: $334, up 4.82%
- XRP: $0.5247, up 3.79%
- Cardano: $0.4414, up 8.49%
- Dogecoin: $0.09086, up 9.12%
- Polygon: $1.18, up 6.97%
- Solana: $25.32, up 5.60%
- Polkadot: $6.79, up 5.81%
- Shiba Inu: $0.00001139, up 4.18%
- Litecoin: $98.24, up 6.28%
- Tron: $0.0665, up 2.31%
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