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.
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