Today’s Cryptocurrency Prices: Bitcoin Surges While Major Coins Experience Positive Growth

Bitcoin saw a 24-hour gain of nearly 4% and remained stable within the $28,000 range, while altcoins such as Ethereum, Dogecoin, Ripple, Solana, and Litecoin also saw green across the board. The Injective token was the largest gainer, up over 15% in 24 hours. The global crypto market cap was at $1.18tn, a 2.43% 24-hour gain. Mudrex co-founder and CEO Edul Patel attributed Bitcoin’s surge to Alphabet and Microsoft’s “moderately optimistic” Q1 earnings reports, as well as concerns around banking stability following US bank First Republic’s Q1 earnings showing a $100bn deposit loss. Sathvik Vishwanath, CEO and co-founder of Unocoin, said Bitcoin’s rally was driven by technical buying and a short-term buy signal, although macro risk events could impact sentiment, while Shivam Thakral, CEO of BuyUCoin, suggested the rise could be due to continued support for decentralised finance following the recent banking crisis. However, caution was advised, as Crypto products and NFTs are unregulated and highly risky, and cryptocurrency is not legal tender, subject to market risks.

Read the complete article

(Visited 6 times, 1 visits today)

About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar