Today Cryptocurrency Price: The global cryptocurrency market is back in the green on Wednesday, April 13, as Bitcoin again surpassed the $40,000 mark after falling below the same level. The world’s largest cryptocurrency held near the $40,000 level for two consecutive days after what seemed like a suppression of market volatility. Analysts are predicting that bitcoin will bounce back from current levels and continue the uptrend.
At the time of writing this article, according to data from CoinMarketCap, a global crypto tracking website, the price of one bitcoin was $40,100.37. It gained 0.22 per cent in the last 24 hours, but declined by 11.63 per cent in the past seven days, the data showed.
“The market volatility, which has persisted for the past one week, has eased substantially. Bitcoin held steady around $40,000 for the second day in a row. The hourly trend of BTC is on a downtrend forming within a descending channel pattern. An immediate support for BTC is expected at $37,600. However, due to the long trend cycle, BTC continues to make higher lows as well. It appears that BTC may bounce off current levels and continue on an uptrend,” WazirX Trade Desk said in a note to news18.com.
Ethereum, or Ether, was trading at $3,056.05 at the time of writing this article, up 1.38 percent over the past 24 hours. According to analysts, there was no major movement in Ether price during the day. The global cryptocurrency market also rose during the day amid gains from all the major crypto coins.
The last 24 hours saw some exciting movement in the meme coin sector in the form of the Shiba Inu, one of the popular meme coins. At the time of writing this article, the Shiba Inu was priced at $0.00002698, up 18.35 percent from the previous day. “The Shiba Inu (SHIB), one of the favorite meme tokens, has gained over 30 percent in a single day, as it listed on the popular brokerage firm Robinhood. SHIB became one of the top performers outperforming most crypto tokens,” said the WazirX Trade Desk.
Here are the top 10 cryptocurrencies and their prices as of April 11, 2022 (data from coinmarketcap.com)
Bitcoin is up $40,100.37, or 0.22 percent, in the last 24 hours
Ethereum up $3,056.05 or 1.38 percent in the last 24 hours
Tether up by $1.00 or 0.00 percent in the last 24 hours
BNB is up $418.97 or 3.28 percent in the last 24 hours
USD coin up $1 or 0.03 percent in last 24 hours
XRP up $0.7201 or 1.64 percent in the last 24 hours
Solana up $104.41 or 1.68 percent in last 24 hours
Cardano is up $0.9594 or 1.10 percent in the last 24 hours
Terra up $86.10 or 1.97 percent in the last 24 hours
Avalanche rose $77.62, or 0.51 percent, over the past 24 hours
read all Breaking News , today’s fresh news And IPL 2022 Live Updates Here.