Sathvik Vishwanath News

BNB, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.92% to $27,044, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.62% in the last 24 hours. «Bitcoin's price has surged beyond the $27,000 threshold, and this upward trajectory could likely be attributed to Nomura, one of Japan's leading investment banks, unveiling a Bitcoin-based fund designed for institutional investors,» said Edul Patel, CEO & Co-founder of Mudrex. Market sentiment currently varies from neutral to bullish as market participants await the Federal Reserve's FOMC decision regarding interest rates, set to be announced later today, Edul said.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.5% in the last 24 hours. «Bitcoin is currently trading at the $26,500 mark, and this shift in its price may be attributed to recent developments at the European Central Bank (ECB),» Edul Patel, CEO & Co-founder of Mudrex, said. The ECB has signalled that their recent hike of 0.25% in three key interest rates could potentially mark the conclusion of the rate hikes in the current cycle. In order to sustain its upward momentum, Bitcoin will need to breach the resistance at $27,000, Edul added.

cryptocurrency markets were majorly trading lower in Monday's trade. Bitcoin (BTC) fell 0.20% to $25,808, whereas Ethereum (ETH) was below the 1,650 level. «The overall crypto market experienced losses, and Bitcoin briefly dipped below $26,000. Meanwhile, Bitcoin is on the verge of a „death cross,“ where its short-term 50-day Simple Moving Average (SMA) is about to dip below its long-term 200-day SMA, said CoinDCX Research Team. Other top crypto tokens were also trading lower. XRP, Dogecoin, Polkadot and Solana declined over 1%. The global cryptocurrency market cap was trading lower, around $1.04 trillion, falling 0.32% in the last 24 hours.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours. «Bitcoin's value is currently trading around the $26,200 level. This positive price movement might be because of a paper that came out yesterday from the IMF and the G20’s Financial Stability Board. The paper said that banning all cryptocurrencies wouldn't work well in the long term and suggested using targeted restrictions and a comprehensive monetary strategy instead,» Edul Patel, CEO & Co-Founder of Mudrex, said. Other top crypto tokens were also trading higher. Solana, Polkadot, and Litecoin surged over 1%.

The global cryptocurrency market cap was trading lower, around $1.04 trillion, declining 0.79% in the last 24 hours. «Bitcoin has been trading around the $25,600 level. This may be because of the uncertainty around a Bitcoin spot ETF in the US. This price movement suggests that the bears are actively trying to control the market,» Edul Patel, CEO & Co-Founder of Mudrex, said. Meanwhile, other top crypto tokens were also trading lower. Litecoin, Solana, and Shiba Inu fell over 2-3%, while Cardano, XRP, and BNB also declined.

The global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 4% in the last 24 hours. «The release of the U.S. monthly jobs report later today might also negatively impact Bitcoin's value,» Edul added. Meanwhile, other top crypto tokens were also trading lower on Friday. Dogecoin, Solana, BNB and Cardano fell over 3% each, while Tron, Polkadot, and Polugon declined over 4% each.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.40% in the last 24 hours. «The crypto market remained stable over the weekend, with the total market capitalization hovering around $1.05 trillion. The upcoming week is anticipated to bring heightened market volatility due to various significant macroeconomic events,» said CoinDCX Research Team. «These events, including US Job Openings, Non-Farm Employment Change, and the Unemployment Rate, are expected to have ripple effects on various assets such as Gold, the Dollar Index, US Equity Markets, and the crypto market,» it added.

Litecoin and Solana were trading with cuts, while Bitcoin, BNB, Tron, and Shiba Inu were trading with gains. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 0.20% in the last 24 hours. Bitcoin dropped to trading around the $25,600 level before consolidating to trading above the $26,000 level. Ethereum has been trading above the $1600 level. Meanwhile, Balancer, One of Ethereum’s top decentralized crypto trading projects, dropped nearly $100 million after discovering a critical vulnerability, said Edul Patel, CEO & Co-Founder of Mudrex. The market cap of Bitcoin, the world's largest cryptocurrency, was around $507 billion. Bitcoin's dominance is currently 48.37%, an increase of 0.13% over the day, according to CoinMarketCap.

The speech will provide a chance to give his latest views on whether more policy tightening will be needed to bring down inflation amid surprisingly strong economic growth, or if enough progress on disinflation has been made to hold rates steady. Other top crypto tokens, BNB (3.5%), XRP (1.6%), Cardano (3.4%), Solana (2.7%), Polygon (4.8%), and Shiba Inu (4.6%) were also trading lower on Tuesday. Meanwhile, the global cryptocurrency market cap declined 0.76% to around $1.05 trillion.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.15 trillion, falling 1.43% in the last 24 hours. «Bitcoin has been trading above the $29000 level. This might be attributed to the U.S. retail sales report for July, which indicates a growth of 0.7%, surpassing the predicted rise of 0.4%. Additionally, Europe’s First Spot Bitcoin ETF Listed in Amsterdam yesterday,» said Edul Patel, Co-founder and CEO at Mudrex. On Wednesday, the market cap of Bitcoin, the world's largest cryptocurrency, was around $566 billion. Bitcoin's dominance is currently 49.06%, according to CoinMarketCap.

BNB, and Litecoin were trading with cuts, while XRP, Shiba Inu, Tron and Solana were trading with gains. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.17 trillion, falling 0.25% in the last 24 hours. «Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserve’s desired 2%,» said, CoinDCX Research Team. BTC volume stood at approximately $11.57 billion, falling 27.1% in the last 24 hours.

Bitcoin (BTC) rose 2.21% to $29,507, whereas Ethereum (ETH) was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $22.95 billion, falling 35.61% in the last 24 hours. «BTC is trading in the $29.5k range, up ~2% in the last 24 hours as unrest in the banking sector resurfaces and US’ economic growth slowdown,» Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said. The global cryptocurrency market cap was trading higher around $1.21 trillion, rising 1.71% in the last 24 hours. The total volume in DeFi is currently 3.65 billion, 7.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.51 billion, which is 87.47% of the total crypto market 24-hour volume.

cryptocurrency markets were trading higher on Wednesday, with an increase of 2.7% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 3.48% to $28,369, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $18.85 billion, rising 12.94% in the last 24 hours. «Bitcoin is at $28,300. Its recent surge is due to technical buying and a short-term buy signal, while macro risk events could impact sentiment. Long-term indicators suggest a new bull market,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. Other top crypto tokens were also trading higher on Wednesday. Solana jumped over 4%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.19 trillion — rising 2.71% in the last 24 hours.

«Most cryptocurrencies witnessed a slight decline ahead of the US CPI data for March, which is set to be released today. Bitcoin was seen consolidating at the US$29,930 level after attempting a fresh increase and spiked above the US$30,450 resistance zone yesterday. The next support of BTC is near the US$29,400 level, and resistance is at US$30,250,» Edul Patel, Co-founder and CEO at Mudrex, said. «On the other hand, the whole crypto industry is looking forward to the long-awaited Shanghai upgrade which is set to go live today, allowing phased staking withdrawals,» Patel added. Other top crypto tokens were also trading lower. Tron declined nearly 5%. Meanwhile, BNB, XRP, Litecoin, Dogecoin and Cardano also traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 1.22% in the last 24 hours.

cryptocurrency markets were trading higher in Friday's trade with crypto heavyweights like BTC and ETH leading the rally. Bitcoin (BTC) rose 5.45% to $25,906, whereas Ethereum (ETH) was above the $1,700 level. «Bitcoin is inching closer towards the $26,000 mark. Following the Arbitrum Airdrop announcement that came out yesterday evening, the sentiments across the crypto market took a positive turn. It is one of the biggest and most awaited events since the past several months,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. BNB and Polygon surged over 4%. Dogecoin, Solana and Shiba Inu were also trading with gains. Meanwhile, the global cryptocurrency market cap was trading higher around $1.11 trillion, rising 3.85% in the last 24 hours. The total volume in DeFi is currently 5.31 billion, 7.97% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $63.35 billion, which is 94.99% of the total crypto market 24-hour volume.

cryptocurrency markets were trading mixed on Wednesday. Bitcoin, Ethereum and XRP were trading with gains, while BNB, Shiba Inu and Cardano were trading with cuts. Bitcoin (BTC) rose 0.17% to $23,471, while Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $21.84 billion, falling 1.92% in the last 24 hours. «As the cryptocurrency market continues to face downward pressure, Ethereum has shown potential for an upward move, with technical indicators suggesting that a sustained uptrend is likely. However, Bitcoin struggled to gain momentum, hovering around the $23,500 level as investors seek safer investments amid growing macroeconomic uncertainty,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.06% in the last 24 hours.

cryptocurrency markets were trading in the red on Wednesday, ahead of the release of the FOMC minutes later in the day. Bitcoin (BTC) fell 3.23% to $24,077, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $32.44 billion, rising 17.9% in the last 24 hours. «Bitcoin is trading sideways between $24,300 and $23,900 as investors await the release of FOMC meeting minutes. The current support level for Bitcoin is $23,750, with the next support level at $22,850 determined by the 50% Fibonacci retracement mark,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading higher, around $1.10 trillion, falling 2.8% in the last 24 hours. The total volume in DeFi is currently $9.42 billion, 13.81% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.40 billion, which is 88.54% of the total crypto market 24-hour volume.

cryptocurrency market was trading higher on Tuesday. Ethereum (ETH) rose over 0.62% to $1,700, whereas Bitcoin (BTC) was above the $25,000 level. BTC volume in the last 24 hours stood at approximately $27.52 billion, falling 4.37% in the last 24 hours. «The release of the FOMC minutes on Wednesday could affect the price of Bitcoin, as any hint of a shift in US monetary policy can affect financial markets. Bitcoin is currently trading in a range of $23,700 to $25,200 with another resistance level at $25,200. Technical indicators such as RSI and MACD are showing divergence, indicating uncertainty among investors. If the price breaks below the $23,750 support level, the next support level is $22,850,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin said. The global cryptocurrency market cap was trading higher around $1.13 trillion, rising 1.09% in the last 24 hours. The total volume in DeFi is currently $7.57 billion, 12.20% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.01 billion, which is 88.73% of the total crypto market 24-hour volume.

cryptocurrency market was trading mixed on Monday. Ethereum, XRP, Cardano and Polygon were trading with cuts, while Bitcoin, BNB, Dogecoin and Tron were trading with gains. Bitcoin (BTC) rose 0.10% to $21,840, whereas Ethereum (ETH) was below the $1,550 level. BTC volume in the last 24 hours stood at approximately $19.34 billion, rising 27.24% in the last 24 hours. The market cap of BTC was around $421.47 billion, with a dominance of about 41.52%, according to CoinMarketCap. «Bitcoin traded below the US$22,000 level over the weekend after the U.S-based Kraken exchange halting its staking service and paying a penalty of US$30 million to the SEC for not registering the service. Currently, BTC appears bearish and is trading close to its support level of US$21,770. If the situation persists, it is possible for BTC to continue declining towards US$21,500 by the end of the week,» Edul Patel, Co-founder and CEO at Mudrex, said.

BTC volume in the last 24 hours stood at approximately $24.05 billion, rising 16.78% in the last 24 hours. «In the past 24 hours, Bitcoin has been fluctuating between $22,800 and $23,000. Despite a small dip, the token remained within its recent trading range and close to its new year high. BTC has risen by a good amount this year due to investor confidence. However, a surprisingly strong employment report on Friday has caused some concern among market participants,» said Edul Patel, CEO and Co-Founder of Mudrex. The global cryptocurrency m-cap was trading around $1.07 trillion, rising 0.8% in the last 24 hours.

The data could move prices, although Federal Reserve bankers in their recent remarks have reiterated their commitment to prioritize staunching inflation, which they view as the biggest threat to the economy. Top crypto tokens were trading mixed on Wednesday. Dogecoin gained 3 per cent, Bitcoin and Ethereum were also up. XRP and Solana shed 3 per cent each, followed by a one per cent slump in Shiba Inu and Polygon. The global cryptocurrency market cap was trading flat at $919.50 billion, rising maringally in the last 24 hours. However, the total trading volume dropped almost 12 per cent to $48.55 billion.