July 2, 2022
  • July 2, 2022

Cryptocurrency Market Snapshot and Price Evolution April 23

By on April 23, 2021 0

Against a backdrop of neutral to bearish sentiment, the cryptocurrency market had a mixed look from Thursday to Friday morning, with bitcoin further increasing its recent decline as Ethereum stood out as the only major coin on the rise.

The world’s largest BTC cryptocurrency slid again on its nearly 7-day downtrend to hit just over $ 50,000 before slipping back to the $ 52,000 level.

Ether (ETH), the second largest cryptocurrency by market cap, was the only major coin to show a gain in value on Thursday, interestingly almost percentage points the direct opposite of bitcoin. Ether climbed above the $ 2,400 level, placing its capitalization at $ 280 billion. Ethereum Classic (ETC) also rose 7% to $ 34.25.

Meanwhile, among the 8 other variable-priced digital currencies in the Big 10, Ripple (XRP) was down 9% to $ 1.17, Binance Coin (BNB) was down 6% to $ 512, cardano ( ADA) was down 4% to $ 1.14, ChainLink (Link) down 1.3% to $ 35.8, Dogecoin (DOGE) down 14% to $ 0.26, Stellar (XLM) in Down 8% to $ 0.44, Litecoin (LTC) down 1% to $ 254, Vechain (VET) down 13% to $ 0.19.

Last week, the Ethereum network underwent a major upgrade with the entry into service of the Berlin hard fork. The upgrade, which precedes the much larger London Hard Fork, includes four Ethereum Improvement Proposals (EIP) that, among other things, introduce new types of transactions and reduce gas costs for exponentiation modular.

The market as a whole remains relatively subdued after last week’s flash crash that exposed cryptocurrencies’ inherent vulnerability to looming government regulation.