Today’s Cryptocurrency Prices in India, May 1: Global Market Cap Check for Bitcoin BTC, Ethereum, Doge, Solana, Litecoin, Ripple XRP, Dogecoin, Maker MKR – Winners and Losers
Bitcoin (BTC) experienced a dip below $28,000 before recovering to the same level, whereas altcoins including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP) and Litecoin (LTC) recorded losses across the board. Maker (MKR) was the biggest gainer with a 24-hour jump of 3%, whereas Internet Computer (ICP) suffered the biggest loss of nearly 9% over 24 hours. The global crypto market cap was recorded at $1.16tn at the time of writing, with a 24-hour dip of 1.8%. Industry experts have cited various factors that may influence the crypto market, such as JPMorgan’s bailing out of First Republic Bank and upcoming US economic data events including interest rate hikes and non-farm payroll data for April. The market liquidity crisis may also act as a deterrent to market momentum. Cryptocurrencies and NFTs are unregulated and can be highly risky, with no regulatory recourse for any loss from such transactions, and readers are advised to seek expert advice before investing.
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