Bitcoin and others cryptocurrency Were trading green on Friday. Bitcoin was trading 6.35 percent higher, or $47,082.54, in the last 24 hours. According to information from CoinMarketCap, the top digital currency was trading at 4.55 percent over the past seven days. At the time of writing this article, bitcoin had maintained a market dominance of 43.65 percent, down 0.21 percent during the day. other major altcoins The greens were trading on Friday as well.
Speaking on the performance of bitcoin in the market, the CoinDCX research team said, “While the momentum of economic activity has strengthened, the course of the economy depends on the course of the virus. The impact of the delta version on the economic recovery may reduce some volatility in the markets.” continues. Against this background, we expect to see a “seesaw market” where we will see the price of the cryptocurrency move back and forth. Currently, the price of bitcoin is still below the $45,000 range, which has a global cryptocurrency market cap of US$1.9 trillion, down 0.62 percent from the previous day. But as noted earlier, this price trend could well reverse over the next few days.”
On Friday, the altcoins were performing quite well in the market as most of them were trading in the green. At the time of this article, Ethereum was trading up 7.89 percent over the past 24 hours, with the price of Ether at $3,223.60. In the last seven days, the altcoin was trading up 3.82 per cent. Binance Coin, previously the third strongest coin, slipped and gave way to Cardano, which took its place. Cardano was trading at 14.91 percent, or $2.43, according to data obtained from CoinMarketCap. Binance Coin, on the other hand, was trading green at 8.76 percent or $429.89. Over the past seven days, Binance maintained an upward trend of 9.72 percent of the data.
The total crypto market volume was trading at 4.64 percent over the past 24 hours, taking it to $112.76 billion. The total volume in DeFi at the time of this article was $16.85 billion or 14.94 percent of the total 24-hour volume of the crypto market.
Speaking on the cryptocurrency market trends, Mudrex CEO and Co-Founder Edul Patel said, “Most of the top cryptos by market capitalization managed to maintain their significant levels. However, in terms of performance, it is clearly altcoin enthusiasts. One of the most promising and undervalued cryptos, Algorand, surged 17% after nearly eight weeks of consolidation. On the technical front, both long and short positions increased during the consolidation phase. Exchange data shows an inflection point for bitcoin at $45,000. This suggests a correction in sentiment across the spectrum.”
Here are the top cryptocurrencies and their prices as of August 20, 2021 (data from coinmarketcap.com when the article was published)
Bitcoin $47,082.54 or 6.35 percent change in 24 hours
Ethereum $3,223.60 or 7.89 per change in 24 hours
Cardano $2.43 or 14.91 percent change in 24 hours
Binance Coin changes $429.89 or 8.76 percent in 24 hours
Tether changed $0.99 or 0.08 percent in 24 hours
XRP moves by $1.21 or 7.03 percent in 24 hours
Dogecoin converts to $0.3167 or 6.17 percent in 24 hours
USD coin $0.99998 or 0.05 percent change in last 24 hours
Polkadot $23.86 or 10.38 percent change in 24 hours
Solana $64.89 or 9.15 percent change in 24 hours
Uniswap $28.07 or 9.26 percent change in 24 hours
Bitcoin Cash $655.60 or 4.59 percent change in 24 hours
Tera $29.63 or 9.78 percent change in 24 hours
read all breaking newshandjob breaking news And coronavirus news Here
.