July 2, 2022
  • July 2, 2022
  • Home
  • Cryptocurrency
  • Cryptocurrency Price Today: Bitcoin Dips Again, Ethereum Traders Remain Bullish Despite Slump

Cryptocurrency Price Today: Bitcoin Dips Again, Ethereum Traders Remain Bullish Despite Slump

By on May 17, 2021 0

All popular cryptocurrencies are trading weaker after a rough weekend. Bitcoin, the world’s most popular cryptocurrency, has now fallen below $ 45,000. Discover the prices and trends of popular cryptocurrencies.

The value of the popular Bitcoin cryptocurrency has fallen below $ 45,000. (Photo: Reuters)

It was a bad weekend for cryptocurrency traders around the world. Almost all major cryptocurrencies including Bitcoin fell sharply, while all major cryptocurrencies fell over the weekend some are expected to rebound in the long term.

One of the reasons that Bitcoin’s value fell further was a cryptic response to a tweet from Tesla founder Elon Musk and also the fact that the US cryptocurrency exchange Binance is facing an investigation to facilitate illegal Bitcoin transactions.

Another popular cryptocurrency, Ethereum (ETH), also fell over the weekend. However, Ethereum traders remain bullish for the long term despite the fall.

Andrew Moss, managing director of GSR Capital, told Forbes that there has been a relentless cash offer on ETH for several weeks, but that open interest has only recently started to follow the rise in prices, which means there are less overleveraged positions, compared to what you would expect after such a strong rally.

Moss added that “the momentum is similar to the price action” seen in December and January for Bitcoin.

Read | Tesla Stops Bitcoin Payments For Its Cars, Highlights Environmental Damage From Bitcoin Mining

As the value of most cryptocurrencies has plummeted in what appears to be a ripple effect, the sudden drop in prices provides a good opportunity for those looking to buy cryptocurrencies.

Here are the latest prices and trends for popular cryptocurrencies:

Cryptocurrency Price (US dollar)

24 hour change

Market capitalization (in billions)

Volume

Bitcoin 42,954.47 -12.64% $ 793.80 $ 69.25 billion
Ethereum 3 191.05 -17.15% $ 369.85 $ 65.25 billion
Dogecoin 0.459128 -12.65% $ 59.45 $ 9.10 billion
Litecoin 264.90 -15.12% $ 17.9 $ 8.01 billion
XRP (ripple) 1.35 -14.69% $ 135.33 $ 15.36 million
Cardano 2.09 -9.87 $ 67.00 $ 11.83 billion

Prices have been updated as of 9.45am and will change throughout the day. The list is meant to give a rough idea of ​​popular cryptocurrency trends and will be updated daily.

Read also | Elon Musk Dogecoin’s interest is nothing new, he has been in contact with the developers since 2019

Click here for IndiaToday.in’s full coverage on the coronavirus pandemic.