Today’s Cryptocurrency Pricing: Bitcoin and Ethereum Show Minimal Gains While Top Coins Fall Short of Expectations

Bitcoin and Ethereum remained relatively stagnant, staying below $28,000 and within the $1,800 range, respectively. Altcoins like Dogecoin, Ripple, Litecoin, and Solana saw minor gains, with Render Token being the top gainer with a 16% jump. Memecoin PEPE was the biggest loser with a 6% loss. The global crypto market cap was $1.14 trillion with a 0.62% 24-hour gain. Mudrex’s CEO noted a potential upward trend for Bitcoin if it surpasses the resistance level of $27,550, with support at $27,000 and resistance at $27,420 and $27,550. WazirX’s VP mentioned that Tether’s decision to diversify reserves into crypto indicates some impact on crypto markets, but overall remain resilient. The CEO of Unocoin noted that Bitcoin could potentially experience further decline, and a defense of critical support near $25,000 is crucial. CoinDCX’s research team pointed out that since the Shanghai upgrade to Ethereum, demand for ETH staking surged with the number of staked ETH tokens reaching 21.6 million, indicating growing interest and confidence in ETH staking as an investment strategy. Crypto and NFTs are unregulated and highly risky, and readers are advised to seek expert advice before making any investment.

Read the complete article

(Visited 3 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Your email address will not be published.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