Today’s crypto prices: Bitcoin, Ethereum, Shiba Inu, and Dogecoin all increase by 13%.

1 min read

In the previous 24 hours, the global cryptocurrency market cap has increased by more than 7% to $885.71 billion. The overall cryptocurrency trade volume, on the other hand, fell by nearly 11% to $79.09 billion.

Even while attitudes remained shaky, the crypto market rallied on Monday. However, if more optimism prevails, investors fear that the new-age asset class may see another meltdown.

Bitcoin breached $20,000 level whereas Ethereum held above $1,000. The major cryptos have wiped off the gains they incurred in the last five years.

Barring the stablecoins, all of the crypto tokens were trading with gains on Monday. Dogecoin zoomed about 13 per cent, whereas Ethereum was trading 12 per cent up. Bitcoin, Solana, Avavalance and Shiba Inu gained 6-8 per cent each.


In the previous 24 hours, the global cryptocurrency market cap has increased by more than 7% to $885.71 billion. The overall cryptocurrency trade volume, on the other hand, fell by nearly 11% to $79.09 billion.

What’s cooking in India
Indian crypto investors are still worried, fearing that the worst is yet to come for the cryptocurrency market, which has experienced one of the greatest falls in the history of digital assets in the last week, wiping out a few hundred crores from the Indian crypto market.

Expert Take

Following a week of uncertainty, the prices of major cryptocurrencies rose modestly over the weekend, according to the CoinDCX Research Team. “Analysts have pointed out that catalysts will help stabilize crypto values in the near future.”

Despite market volatility, a recent Bank of America survey of over 1,000 digital asset users found that investors remain enthusiastic about the future of crypto, with 91% of those polled stating they will continue to acquire crypto in the next six months, according to the report.

Global Updates

  • Bitcoin sank below $20,000 for the first time since December 2020, losing sharply. At time of publication, the largest cryptocurrency by market cap was changing hands around $18,984.1 after trading at a low of $18,739.50.

 

  • The collapse of Terra’s terraUSD made some investors think twice about buying stablecoins. The algorithmic stablecoin, pegged to the US dollar, turned out to be less than stable, and investors in stablecoins as a whole were spooked about being left with nothing.

 

  • An Illinois resident sued Terraform Labs, its founder Do Kwon and several VC firms that make up the Luna Foundation Guard on claims that the defendants violated federal securities laws and misled investors.

 

  • The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.

Tech View by Proassetz Exchange
TRX has gone sideways since hitting a high of $0.1800 on April 12th, and is currently trading inside a symmetrical triangle. Trx has a support level of $0.045 and a resistance level of $0.0825, although an upward rise to $0.12 is feasible if a volume breakthrough is witnessed.

Via this site

Have A Story? Get Featured On Fraxfacts Plus 100+ More Exclusive Crypto News Sites