Cryptocurrency News and Analysis | Coin and Token Post

By Adom
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February 16, 2024

Crypto Price on February 16: Crypto market capitalization surpasses $2 trillion as Bitcoin soars past $52,000

The world's two biggest cryptocurrency tokens, Ethereum and Bitcoin, increased by more than 6% on Friday, sparking a significant rise in the market. The value of the world's cryptocurrency market, however, increased by 5% in the previous day to approximately $2.04 trillion. Ethereum was up 6.6% at $2,796 while Bitcoin was up 6% at $52,318. Bitcoin's $1 trillion market capitalization was recovered. The largest token in the world based on market capitalization has increased almost 135% in the past year, and it hasn't been so high since December 2021. After 26 months, Bitcoin's market capitalization of $1 trillion was regained, indicating possibility for more growth. Due to U.S. inflation figures, Bitcoin experienced a temporary decline below $50,000 on Tuesday; however, it quickly recovered. Bullish sentiment is still present, with a target price of $75,000, driven by significant inflows into spot BTC ETFs listed in the United States, such as BlackRock's IBIT. Experts predict that Bitcoin will continue to rise, citing $46,000 as a crucial support level while warning against a possible stall in the market's momentum. With prices for Ethereum and Bitcoin reaching their highest points of the year, the cryptocurrency sector is still growing. Increased investments in Bitcoin spot ETFs and optimism around the impending halving event are the main drivers of this growth. According to analysts, the increase in the price of bitcoin has improved investor attitude toward other coins including Solana, BNB, XRP, Dogecoin, and Cardano. Shiba Inu and Polygon have also seen a decrease in inflows. 7.53% of the 24-hour volume of the cryptocurrency market is now represented by the $7.14 billion total volume in DeFi. According to data available on CoinMarketCap, the total amount of stablecoins is currently $86.34 billion, or 91.1% of the entire 24-hour volume of the cryptocurrency market. Currently, 52.58% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 28.4% to $43.5 billion in the last day. With its next resistance target at $55,000, Bitcoin, which is currently trading over $52,000, is still in a bullish position. But since the RSI for Bitcoin is in overbought zone, a slight decline is expected before the weekend in order to clear out long positions in the market.

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By Adom
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November 7, 2023

Cryptocurrency Price Today: When Bitcoin Drops Below $35,000, BLUR Rises to the Top

Quick analysis of the cryptocurrency pricing on November 7: At $1.32 trillion, the market capitalization was global. Tuesday morning saw a fall in the price of Bitcoin (BTC), signalling a downturn following several days of significant increases. According to CoinMarketCap, the total market's Fear & Greed Index was 73 (greed). Well-known altcoins, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), and Ethereum (ETH), performed well overall. Blur (BLUR) saw the largest gain of all, rising more than 19% in a single day. However, Immutable (IMX) lost more than 10% of its value in a day, making it the greatest loser. At the time of writing, the value of the entire cryptocurrency market was $1.32 trillion, a gain of 0.30 percent in a day. Bitcoin Price Today According to CoinMarketCap, the price of bitcoin was $34,885.97, representing a 0.18 percent decline over the course of a day. As per the Indian exchange WazirX, the current price of Bitcoin was Rs 30.05 lakh. Ethereum Price Today At the time of writing, the price of ETH was $1,888.52, a 0.20 percent increase in just one day. Ethereum's price in India was Rs 1.65 lakh, according to WazirX. Dogecoin Price Today According to CoinMarketCap data, DOGE saw a gain of 3.93 percent in a 24-hour period and is currently trading at $0.07457. The price of Dogecoin in India was Rs 6.41, according to WazirX. Litecoin Price Today Litecoin increased by 1.99% in a single day. As of writing, its trading price was $73.18%. In India, the cost of LTC was Rs 6,200.05. Ripple Price Today The price of XRP was $0.688 after rising 0.98 percent in a day. WazirX reported that the price of ripple was Rs 59.60. Solana Price Today The price of Solana was $40.81, down 0.37 percent in a day. The price of SOL in India was Rs 3,511.01, according to WazirX.

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By Adom
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September 11, 2023

The impending liquidation of FTX’s crypto assets dampens market sentiment Bitcoin (BTC) reached a high of $26,401.24 in the last seven days.

FTX, the beleaguered corporation whose meltdown triggered the ongoing crypto winter, is back in the spotlight as it attempts to liquidate its $3.4 billion in crypto assets. The news has caused an overall'sell' feeling among investors, resulting in a bleak outlook for the market. However, in its official leaders' statement, the recently concluded G20 Summit in New Delhi presented a favourable stance on crypto regulation as benefits of central bank digital currency (CBDCs). It remains to be seen how the next G20 finance summit in October will result in some optimism. Before we continue, readers should be aware that the general crypto market and coin prices are quite volatile. There are no surefire strategies for predicting how cryptocurrencies will behave in the future. This article is intended to help investors stay current on market scenarios and major events that have already occurred, as well as some impending events worth mentioning. Before making any investment decision, investors should conduct their own research. Crypto Prices Over The Past Week The global crypto market cap was $1.05 trillion on Monday (September 4). The price of BTC was over $26,000, while the price of ETH was around $1,640. A week later, the whole market capitalization had fallen to $1.03 trillion. Crypto Events To Note FTX is expected to obtain legal authority to liquidate around $3.4 billion in cryptocurrency. According to speculation, FTX may receive approval for this liquidation by September 13, raising concerns among stakeholders about the potential impact on the market. According to FTX's legal filings, the company intends to sell digital assets worth up to $100 million on a weekly basis, with the option to increase this amount to $200 million on occasion. It is widely assumed that the FTX action will raise selling pressure among crypto owners. Furthermore, financial experts representing FTX supplied a detailed inventory of individuals and businesses who received pay as part of the company's marketing campaigns in a court file covering more than 180 pages. This disclosure is critical for determining whether these payments meet the conditions for insolvent firms to reclaim funds. Among the awardees are celebrities such as Shaquille O'Neal, a former basketball player who earned $750,000. Furthermore, tennis wonder Naomi Osaka received more than $300,000 in compensation, while former baseball star David Ortiz received more than $270,000. Trevor Lawrence, an American football quarterback, was also on the list, having received more than $200,000. Meanwhile, Prime Minister Narendra Modi stated on Saturday that the G20 had secured a unanimous agreement on a leaders' declaration. During his address to the leaders gathered in New Delhi, he acknowledged this achievement to the collective efforts of all participating teams and announced the approval of the G20 Leaders Summit Declaration. Among other notable developments, it appears that the long-debated global coordination surrounding cryptocurrency regulation has made a substantial step forward. According to Finance Minister Nirmala Sitharaman, there is emerging worldwide agreement on policies governing virtual digital assets (VDAs). "There is a global push for more transparent policies regarding crypto assets," Sitharaman said, "and we are witnessing the emergence of a global consensus." The Union minister also stated that the presidency will engage with the IMF and the Financial Stability Board (FSB) to build a globally coordinated regulatory framework for cryptocurrencies. This might be viewed as a beneficial move, as official laws would not only provide the industry with much-needed respectability, but will also prevent unscrupulous actors from misusing assets and avoid mishandling of clients' money, as seen with FTX. The IMF-FSB study on crypto assets will be discussed at the upcoming G20 finance ministers and central bank governors conference in October.

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By Adom
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March 27, 2023

Cryptocurrency Price Today: SingularityNET is the biggest loser, with some gains seen in Litecoin and Ripple.

Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto currencies, managed to surpass $27,000 and $1,700, respectively. Other well-known altcoins, such as Dogecoin (DOGE) and Solana (SOL), suffered losses as general prices saw only modest increases in all markets. The Flare (FLR) token saw the largest increase, rising more than 6.91 percent in a single day. On the other side, The SingularityNET (AGIX) ended up being the biggest loser. The worldwide crypto market cap was $1.15 trillion at the time of writing, down 0.24 percent over the previous day. Bitcoin price today According to CoinMarketCap, the price of one bitcoin was $27,909.60 with a 24-hour decline of 0.29 percent. The price of Bitcoin was Rs 24 lakhs, according to Indian platform WazirX. Ethereum price today At the moment of writing, the price of ETH was $1,766.57, representing a 24-hour loss of 0.58 percent. According to WazirX, the price of ethereum in India was Rs 1.53 lakhs. Dogecoin price today Currently trading at $0.07388, DOGE experienced a 24-hour loss of 1.61 percent, according to statistics from CoinMarketCap. Dogecoin's worth in India as of WazirX was Rs. 6.4609. Litecoin price today Litecoin gained 0.58 percent over the course of a day. Its price at the moment of writing was $92.61. LTC was priced at Rs 8,100.00 in India. Ripple price today The price of XRP was $0.4543, up 1.02% over the previous day. WazirX reported that the price of ripple was Rs 38.8823. Solana price today The price of solana was $20.69, up 0.25 percent over the previous 24 hours. SOL was priced at Rs 1,974.99 in India, according to WazirX.

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Crypto Price on February 16: Crypto market capitalization surpasses $2 trillion as Bitcoin soars past $52,000

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Cryptocurrency Price Today: When Bitcoin Drops Below $35,000, BLUR Rises to the Top

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The impending liquidation of FTX’s crypto assets dampens market sentiment Bitcoin (BTC) reached a high of $26,401.24 in the last seven days.

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Cryptocurrency Price Today: SingularityNET is the biggest loser, with some gains seen in Litecoin and Ripple.

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