Crypto Price Today: Bitcoin trades near $43,700; Internet Computer plunges over 7%
Bitcoin ETF application. Bitcoin, Ethereum, Solana, and Dogecoin were trading in the green, while BNB, XRP, Cardano, Tron, and Internet Computer were in the red.
At 11:58 a.m., bluechip crypto tokens BTC was trading 1.2% higher at $43,660, while Ethereum was up 0.34% at $2,245. Whereas, altcoins, such as Internet Computer and Toncoin, fell 7.4% and 2.7%, respectively.
«In the last 24 hours, Bitcoin rallied to $44,000 following reports on Thursday about the SEC's final comments to issuers, hinting at possible approval for Bitcoin spot ETF applications. This recovery reversed Wednesday's crash, restoring optimism among market participants,» said Edul Patel, CEO of Mudrex.
«Currently, BTC is consolidating at $43,500, and the upcoming SEC decision could add significance to Bitcoin's price movement. A successful establishment of $43,900 as support and a close above it may signal an uptrend,» Edul added.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Meanwhile, CoinDCX Research Team, said, «BTC experienced a rebound, reaching the $44,400 resistance level; however, it faced difficulty surpassing and closing above it. Clearing and sustaining this level is essential for establishing a positive momentum in BTC.»
«ETH, trading above $2,250, displays a slightly bearish outlook in its price action and is currently below the 20EMA Daily. To initiate a positive trend, ETH needs to reclaim levels above $2,380,» CoinDCX said.
In Friday's trade, the global cryptocurrency market cap surged 0.61% to around $1.66 trillion in the last 24 hours.
Bitcoin's dominance is currently 51.48%,
