After the recent recovery in bitcoin, it is still 50 percent behind its high. This week bitcoin is seen in recovery mode.
Cryptocurrency Price Today: Today the declining phase of the cryptocurrency market continues. After crossing the $24,000 level a month later on Wednesday yesterday, bitcoin again dipped below $23,000 today. The world’s largest and most famous cryptocurrency, bitcoin is trading down one per cent at $22,955. After the recent recovery in bitcoin, it is still 50% behind its high. This week bitcoin appears to be in recovery mode. Investors are once again hopeful that the US Federal Reserve will control rising inflation, due to which buying has increased. Today, Cardano has lost the most in the crypto market by 9.30%.
Cardano down more than 9%
XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Apecoin, Avalanche, Polkadot, Polygon, Uniswap, Tether declined in the last 24 hours. The biggest fall was in cardano. It had fallen about 9.30 percent during the trading today.
Ether Price Drop
Ether in the cryptocurrency market has seen a 50% rally in the last seven days. However, it lost 2% in the last 24 hours and Ether was seen trading at $1,518. Ether is the second largest cryptocurrency in the world. Ether is down 58% this year. Ether’s high has been at $4,878 and it is currently well behind its all-time high.
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Shiba inu and Dogecoin
The Shiba Inu declined 4% and was seen trading at $0.0000011. Dogecoin declined 1% and appeared at $0.06.
Above $1 Trillion Market Cap
The market cap of the global cryptocurrency market has gained 2% in the last 24 hours. The market cap of the cryptocurrency market stood at $1.08 trillion. The market cap of the global crypto market was at its peak i.e. $2.9 trillion in November 2021 but has remained below $1 trillion for more than a month in a row. There has been a slight improvement in this recently.