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  • Bitcoin price: the best cryptocurrency prices today: Solana, Polkadot, Dogecoin lost up to 9%

Bitcoin price: the best cryptocurrency prices today: Solana, Polkadot, Dogecoin lost up to 9%

By on August 25, 2021 0

New Delhi: Major cryptocurrencies were trading in the red on Wednesday as investors made profits after a long period of bullish. All top 10 cryptocurrencies were below 9:30 am IST. However, Solana, Dogecoin and XRP fell 7-9% each.

The global crypto market cap managed to maintain the $ 2 trillion mark, down 4% from the previous day. However, the total crypto market volume grew by more than one percent to reach $ 116.49 billion.

“While the last 24 hours have seen a slight decline, the overall market has seen an uptrend this week, with most currencies including Bitcoin and Ethereum in green. It was also interesting to see Cardano hold its place. as the third largest cryptocurrency by market cap, ”said Sharan Nair, Commercial Director of CoinSwitch Kuber.

Countries in Central America are eagerly waiting to see whether El Salvador’s adoption of Bitcoin as a parallel legal tender reduces the cost of remittances, a major source of income for millions of people, said the development bank of the region.

Citigroup Inc is considering offering Bitcoin futures transactions to some institutional clients, a bank spokesperson said on Tuesday, citing increased demand in the cryptocurrency arena.

The markets over the past 24 hours have registered a minor profit reservation. Although the impact on BTC was marginal, there was a larger correction in Altcoins, said Edul Patel, CEO and co-founder of Mudrex.

“Such corrections are common and will inevitably occur at psychological resistance levels. If the markets are able to maintain support at current levels, we could see Bitcoin take another step towards $ 50,000 very soon,” he said. -he adds.

Back home, Indians are returning in droves to invest in cryptocurrencies as Bitcoin hit a three-month high of $ 50,000 on Sunday amid the global crypto rush. Indian and foreign crypto exchanges have seen a huge surge in their trading volumes and values.

In new recommendations to the government, cryptocurrency players have suggested that the finance ministry consider the Gujarat International Financial Services Centers Authority (IFSCA) as a likely regulator for all crypto transactions, two people said. aware of developments.

Technical view by ZebPay Trade Desk
Streamr is an open source decentralized crowdfunding platform for real-time data processing. Streamr Network is the heart of this platform, allowing devices and users to share their data. The native network token is DATA.

DATA is a cryptocurrency that supports the Streamr ecosystem in various ways and is an ERC20 token on the Ethereum blockchain.

DATA saw a massive rally from the previous low of $ 0.0742 to $ 0.1829, rising nearly 146% in one month. The asset is facing strong resistance around the $ 0.1825 levels as the longer upper shadows indicate a sell or take a profit.

If prices break through resistance with good volumes, we can expect another rally up to $ 0.23 and if it does not, the asset may fall or correct to the support level. of $ 0.135.

Major levels

Support: $ 0.085, $ 0.135

Resistance: $ 0.230, $ 0.290

The time is in UTC and the daily time is 12:00 to 12:00 UTC

(The opinions and recommendations given in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking a position in the mentioned asset (s).)