Crypto Price Today: Bitcoin holds near $44,000; XRP, Cardano rise up to 5%
cryptocurrency markets were trading higher on Thursday, led by Bitcoin, XRP, and Cardano. The global cryptocurrency market cap also surged 1.07% to around $1.6 trillion in the last 24 hours.
At 12.22 a.m., BTC was trading 0.6% higher at $43,865, while the second most popular token, Ethereum, was down 0.4% at $2,260.
«Bitcoin is presently trading around the $43,900 level, continuing the bullish growth of the last few days. To continue this positive momentum, Bitcoin will need to clear the resistance at $44,260 or risk finding support around the $43,700 level,» said Edul Patel, CEO of Mudrex.
Market sentiments are presently bullish as traders await developments on the US Bitcoin Spot ETF applications in the near future, Edul said.
Did you Know?
As a beginner to cryptocurrency investing, you should consider two critical things. First, you should determine and understand your risk tolerance, as cryptocurrencies can be volatile. Only invest what you can afford to lose. Secondly, don’t put all your funds in one cryptocurrency; diversify to mitigate risks. Deciding where to invest your hard-earned money can be difficult.
View Details»«From a technical standpoint, BTC is currently situated at the $44,000 resistance level. The overall momentum remains positive, with no clear signals of a reversal or bearish trend. Minor pullbacks and corrections are considered healthy for the current scenario,» CoinDCX said.
In the last 24 hours, other popular altcoins, such as XRP, Polkadot, and Cardano surged 4-5%. Also, BNB, Avalanche, Tron, and Polygon rose 1-3%. On the flip side, Ethereum, Solana, Dogecoin, Toncoin, and Shiba Inu declined.
The total volume in DeFi is currently $7.05 billion, 10.27% of the total crypto market 24-hour
