EGLD Emerges as Top Gainer as Ethereum Surges Beyond $1,900 in Current Cryptocurrency Price Update
Ethereum’s price climbed above $1,900 for the first time this week, while Bitcoin briefly climbed above $30,000 but dipped back down to the $28,000 range. Other cryptocurrencies, including Dogecoin, Ripple, and Solana, saw minor losses. The MultiversX token was the top gainer with a 24-hour increase of over 23%. The global crypto market cap registered a 1.47% increase, reaching $1.20 trillion. Mudrex co-founder and CEO, Edul Patel, stated that Bitcoin’s support level currently stands at $28,000, with resistance at $29,400. WazirX Vice President, Rajagopal Menon, said that the reasons for Bitcoin’s sudden upward movement are uncertain. Sathvik Vishwanath, CEO and co-founder of Unocoin, stated that Bitcoin and Ethereum experienced wild price swings, and traders suffered losses of around $310 million in liquidations due to the volatility. Finally, Shivam Thakral, the CEO of BuyUCoin, claimed that Bitcoin surged 9% due to re-emerging concerns around the banking sector. However, readers are advised to seek expert advice and consider the risks before making any investments in cryptocurrency.