Glance Financial News

cryptocurrency markets were trading higher in Monday's trade following a report of the US government's plans to safeguard all depositors at Silicon Valley Bank, Meanwhile, the global cryptocurrency market cap was trading higher around $1.02 trillion, rising 7.63% in the last 24 hours. Bitcoin (BTC) rose 9.24% to $22,462 whereas Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $34.89 billion, rising 39.84% in the last 24 hours. «The crypto market cap is back above the $1 trillion mark and BTC has surged by over 8% in the last 24 hours and is trading above the $22,300 mark. The positive mood of the market is mainly due to the federal regulators hinting towards recovering Silicon Valley Bank’s customer deposits. The news has uplifted the investor sentiment with a promise of more liquidity in the market,» Shivam Thakral, CEO of BuyUcoin, said.

cryptocurrency markets were trading mostly in the red in Wednesday's trade amid worries over bank industry turmoil in the US. Bitcoin (BTC) fell 1.52% to $24,532 whereas Ethereum (ETH) was below the $1,700 level. BTC volume in the last 24 hours stood at approximately $21.38 billion, falling 21.37% in the last 24 hours. «Bitcoin is currently trading at the US$24,000 level, experiencing a slight price decline from the previous day as market participants consider liquidity issues. Additionally, investors are analyzing the possibility of a European banking crisis resulting from concerns surrounding the often-embattled Credit Suisse,» Edul Patel, Co-founder and CEO at Mudrex, said. Shivam Thakral, CEO of BuyUcoin, said, «The latest developments at Credit Suisse may spook the global markets and spoil the crypto party in the coming weeks.»

cryptocurrency markets were trading higher in Wednesday's trade amid easing worries over bank industry turmoil and release of largely on-target US inflation data. Bitcoin (BTC) rose 1.95% to $24,943 whereas Ethereum (ETH) was above the $1,700 level. BTC volume in the last 24 hours stood at approximately $53.82 billion, rising 12.50% in the last 24 hours. «The UK government bailing out the Silicon Valley Bank has created a positive sentiment within the investment community and which may have increased buying activity. As per the latest data, US consumer inflation has slowed down but it’s still on the higher side which may drive Fed to continue its hawkish stance. If the macroeconomic factors continue to remain favourable then we may see Bitcoin testing $30,000 level very soon,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher. Meanwhile, the global cryptocurrency market cap was trading higher around $1.10 trillion, rising 2.24% in the last 24 hours.

cryptocurrency markets were trading higher in Tuesday's trade. Bitcoin (BTC) rose 9.25% to $24,514 whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $48.26 billion, rising 39.89% in the last 24 hours. Meanwhile, the global cryptocurrency market cap was trading higher around $1.08 trillion, rising 5.11% in the last 24 hours. «In the last 24 hours, Bitcoin experienced a surge of almost 10%, surpassing the US$24,000 mark, following the announcement that U.S. regulators have backed Silicon Valley Bank and Signature Bank. This news has given investors, and traders hope that the banking sector's recent near meltdown will prompt the Federal Reserve to ease its monetary hawkishness. As a result, BTC has risen above a floor and reached a two-week high,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher.

cryptocurrency markets were trading in the red on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the US central bank returning to large rate hikes to tackle inflation. Bitcoin (BTC) fell 2.08% to $21,998, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $24.12 billion, rising 53.88% in the last 24 hours. «Over the last 24 hours, many cryptocurrencies experienced a decline after Fed Chair Jerome Powell made hawkish statements about interest rate hikes. If BTC dips below the current level, the next level would be at the US$19,000 level,» Edul Patel, Co-founder and CEO at Mudrex, said. «Similarly, Ethereum is trading in tandem with BTC and is currently in the red zone. ETH is currently trading at US$1,555, and its next support level is US$1,450. Given the hawkish comments and uncertainties surrounding Silvergate Bank, traders, and investors may need time to analyze and understand the situation,» Edul added.

cryptocurrency markets were trading in the red on Monday. Bitcoin (BTC) fell 0.39% to $22,352, while Ethereum (ETH) was below the $1,600 level. BTC volume stood at approximately $13.3 billion, rising 0.46% in the last 24 hours. «Over the weekend, most cryptocurrencies remained in red as market participants attempted to digest the latest news over Silvergate. In the past 24 hours, Bitcoin's value has fluctuated between US$22,500 and US$22,600, representing a 1% decline. However, traders and investors anticipate positive economic data from China, expected to be released this week, which might help them return to the market,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower. Solana declined by 3.3%. Dogecoin, Litecoin, Cardano and XRP were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.02 trillion, falling 0.87% in the last 24 hours. The total volume in DeFi is currently 3.37 billion, 11.85% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.24 billion, which is 88.7% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Thursday. Bitcoin (BTC) fell 1.03% to $23,551, while Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $23.49 billion, rising 4% in the last 24 hours. «Bitcoin dropped toward US$24,000 early Wednesday following the U.S Consumer Confidence data. However, it again rebounded to the US$23,500 level. BTC has increased by more than 1% in the past 24 hours. But BTC still seems to be a little weak and will need to recover to make a sharp move in the coming days,» Edul Patel, Co-founder and CEO at Mudrex, said. The immediate support of ETH is at the US$1,600 and US$1,550 levels, while the resistance holds at the US$1,670 level, Edul added. Other top crypto tokens were also trading lower. Shiba Inu declined by 2.3%. Solana, Polkadot, Cardano and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.73% in the last 24 hours.

cryptocurrency markets were trading lower on Tuesday. Bitcoin (BTC) fell 0.31% to $23,435, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $22.28 billion, rising 29.46% in the last 24 hours. «On Monday, most cryptocurrencies declined after the release of the US Durable Goods Orders data for January. The data showed a 4.5% drop, causing concern among investors and traders about the possibility of inflation and interest rate hikes, despite strong economic data for the same period,» Edul Patel, Co-founder and CEO of Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. Polygon declined by 3.5%. Solana, Polkadot, Shiba Inu, and Litecoin were also trading lower. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.45% in the last 24 hours. The total volume in DeFi is currently 5.06 billion, 11.17% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.53 billion, which is 89.48% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Friday. Bitcoin (BTC) fell 2.17% to $23,868, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $28.71 billion, falling 0.91% in the last 24 hours. «Bitcoin traded sideways in the past 24 hours as investors continued evaluating US monetary policy and jobs data. BTC is trading below the US$24,000 level, although it has increased by 74% since its lowest point last month. Its support level lies at $23,800, while resistance is at$24,200,» Edul Patel, CEO and Co-founder of Mudrex, said. Other top tokens were also trading lower on Friday. Polygon declined by 4%. Polkadot, Shiba Inu, Cardano, and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.09 trillion, falling 1.57% in the last 24 hours. The total volume in DeFi is currently 6.32 billion, 11.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.26 billion, which is 89.91% of the total crypto market 24-hour volume.

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 markets were trading higher on Thursday. Bitcoin (BTC) fell 1.21% to $24,407, whereas Ethereum (ETH) was above the $1,650 mark. BTC volume in the last 24 hours stood at approximately $29.04 billion, falling 17.78% in the last 24 hours. «The crypto market was a little jittery after FOMC minutes showed that inflation and recession threats are still real. BTC and other digital assets were in red after the discouraging minutes of the FOMC meeting but the market quickly digested the impact and recovered. It will be interesting to see if central banks will continue their hawkish stance or relax monetary policies in the coming weeks,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher on Thursday. Shiba Inu surged 5%. Solana, Cardano, Polygon, and BNB were also trading with gains. The global cryptocurrency market cap was at around $1.11 trillion, rising 1.26% in the last 24 hours. The total volume in DeFi is currently 7.42 billion, 12.12% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.47 billion, which is 90.69% 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 markets were trading mixed on Monday. Bitcoin, Ethereum, and XRP were trading with cuts, while Solana, Shiba Inu, and Cardano were trading with gains. Bitcoin (BTC) fell 0.69% to $24,497, whereas Ethereum (ETH) was just below the $1,700 level. BTC volume in the last 24 hours stood at approximately $28.58 billion, rising 50.22% in the last 24 hours. «It’s a great start for the week as Bitcoin is ready to test the crucial $25,000 mark. If Bitcoin finds strong support at the $24,000 level then it will provide much-needed momentum for BTC to test $30,000 in near future,» Shivam Thakral, CEO of BuyUcoin said. The global cryptocurrency market cap was trading lower around $1.12 trillion, falling 0.11% in the last 24 hours.

cryptocurrency markets were trading in the red on Friday with a loss of over 3% in the last 24 hours. Bitcoin (BTC) fell 4.1% to $23,695, whereas Ethereum (ETH) was just above the $1,650 level. BTC volume in the last 24 hours stood at approximately $38.98 billion, rising 6.82% in the last 24 hours. «After briefly hitting the six-month high of US$25,000 on Thursday, the price of Bitcoin dropped to US$23,800 due to the unexpected increase in the Producer Price Index (PPI). Despite this setback, BTC has still increased by 73% from its lowest point a month ago. The PPI news might have made investors apprehensive about inflation and monetary policies,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading lower on Friday. Shiba Inu declined by over 6%. BNB, XRP, Cardano and Dogecoin were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 3.13% in the last 24 hours. The total volume in DeFi is currently $7.93 billion, 9.84% of the total crypto market 24-hour volume. The volume of all stablecoins is now $74.32 billion, which is 92.22% of the total crypto market 24-hour volume.

cryptocurrency market was trading higher on Thursday, with Bitcoin (BTC) rallying over 11% to $24,582, whereas Ethereum (ETH) was above the $1,650 level. BTC volume in the last 24 hours stood at approximately $36.77 billion, rising 36.42% in the last 24 hours. «Bitcoin hovered above the $24,000 level after trading lower for several days. This surge is due to investors liquidating their positions, pushing the price higher. Compared to its low point a month ago, BTC has increased by 61%. In the past 24 hours alone, BTC surged by more than 11%, reaching this level for the first time in two weeks. If bullish investors maintain their momentum, BTC may reach US$25,000 soon. Overall, there is bullish sentiment in the market,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading higher on Thursday. Polygon surged 9.6%. Solana, Cardano, Shiba Inu and BNB were also trading with gains. The global cryptocurrency market cap was trading higher around $1.11 trillion, rising 7.98% in the last 24 hours.

New Delhi: The cryptocurrency market was trading higher on Wednesday despite the latest CPI data suggesting inflation numbers have been higher in February so far than in January 2023. Bitcoin (BTC) rose 1.8% to $22,155 and BTC volume stood at approximately $26.97 billion, rising 17.89% in the last 24 hours. Ethereum (ETH) was above the $1,550 level. «Most cryptocurrencies rose in the past 24 hours following the release of the U.S Consumer Price Index (CPI) data for January where inflation fell less than anticipated. Bitcoin made a recovery from recent lows and is presently being traded above the US$22,000 level, with its next resistance level situated at US$22,260, and its support level at US$22,000. Nevertheless, despite the slight gains, the overall market momentum is marginally bearish,» Edul Patel, Co-founder and CEO of Mudrex said. Other top crypto tokens were also trading higher on Wednesday. Cardano rose 8% while Dogecoin, Polygon, Shiba Inu and Solana also logged gains.

cryptocurrency market was trading in the red on Tuesday. Bitcoin (BTC) fell 0.47% to $21,745, whereas Ethereum (ETH) was below the $1,500 level. BTC volume in the last 24 hours stood at approximately $22.24 billion, rising 14.9% in the last 24 hours. «The crypto market is feeling the pressure of regulatory concerns in the US as BTC continues to trade below the $22,000 mark while Ether slipped below the $1500 mark. Most of the digital assets are in the red as investors are parking their funds in less volatile assets for better times. The latest regulatory developments in the US will strengthen Asia’s position as a global hub for the digital asset industry,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading lower on Tuesday. BNB fell 6.6% while Dogecoin, Polygon, Shiba Inu and XRP were also trading with cuts. The volume of all stablecoins is now $56.69 billion, which is 102.11% 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.

cryptocurrency market was trading lower on Tuesday, ahead of the Union Budget 2023 and the Fed decision on interest rates tomorrow. Bitcoin (BTC) fell 4% to $22,788, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $26.77 billion, rising 4.12% in the last 24 hours. «Bitcoin, Ethereum, and most cryptocurrencies fell in the past 24 hours ahead of the first US Fed meeting of 2023, which is to be held on Wednesday. Bitcoin was below the $23,000 mark, dropping by 4%. Ethereum also fell below the $1,600 level, down by 3%. The support for BTC now lies at the $22,700 level, while the resistance is at $23,000,» Edul Patel, CEO and Co-Founder of Mudrex, said. «However, on the other hand, Dogecoin gained by 5% after Elon Musk wanted the Twitter payments system to accommodate crypto. Volatility may persist ahead of the Fed meeting and the Indian Union Budget release,» Edul added.

Bitcoin (BTC) rose 2% to $23,700, whereas Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $25.72 billion, rising 46.95% in the last 24 hours. «BTC gained 2% in the past 24 hours and is currently trading above the US$23,600 level. If bulls can hold BTC above the current level, the impulse may continue towards US$24,000 and US$25,000 soon. The volume is also high, indicating the buyers' strength in the market,» Edul Patel, CEO and Co-Founder of Mudrex said. Other top crypto tokens were also trading higher. Solana rose 6%. Polkadot Shiba Inu, Dogecoin and BNB were also trading with gains. The global cryptocurrency market cap was trading around $1.07 trillion, rising 1.54% in the last 24 hours.

cryptocurrency market was trading in the red on Monday. Bitcoin (BTC) fell 2.7% to $22,753, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $20.29 billion, rising 30.19% in the last 24 hours. «BTC slipped below the $23,000 level but stabilized on Sunday while Ether is exchanging hands at the $1627 level. The investors are still in a wait-and-watch mode as they are looking forward to the Fed chief’s comments this week. Fed chief has indicated that the war against inflation is not over and aggressive policy action is expected to continue,» Shivam Thakral, CEO of BuyUcoin said. The global cryptocurrency market cap was trading lower around $1.06 trillion, falling 2.39% in the last 24 hours. The total volume in DeFi is currently $5.31 billion, 10.86% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.41 billion, which is 86.72% of the total crypto market 24-hour volume.