Crypto Price Today Live: Bitcoin Nears $19K; XRP, Shiba Inu and Doge zoom up to 9%
Bitcoin barely held the $19,000 mark, while Ethereum was trading in the red again. Experts believe that any surprise by the US Fed could lead to another sell-off in the crypto space.
XRP was a standout gainer, rising 9 percent, while Dogecoin, Shiba Inu and Cardano gained 2-2 percent. Bitcoin, Polygon and Avalanche have each lost more than one percent.
The global cryptocurrency market capitalization was trading at a modest low of $926.78 billion, down nearly half a percentage point in the past 24 hours. However, overall trading volume fell more than 9 per cent to close to $67.86 billion.
what is cooking in india
NFT platform Rario today announced an exclusive partnership with the platform for young Indian T20 team pacer Arshdeep Singh to launch his own non-fungible token (NFT).
In other news, BuyUcoi cryptocurrency exchange has announced a strategic partnership with Cricket NFT platform Jump.Trade to enable seamless monetization of NFTs on the market.
- Huobi Global, a crypto exchange registered in the Republic of Seychelles, is able to buy cryptocurrencies with fiat currency in Latin America through a partnership with online payment solution AstroPay.
- Venture capital firm Andreessen Horowitz (a16z) led a $51.5 million Series B funding round for Sardine, a real-time fraud prevention product for fintech and Web3 clients.
- Digital Transformation Capital Partners, which began as a venture capital arm of German telecom company Deutsche Telekom and operates independently, has completed the first closing of its latest fund with $300 million in committed capital.
Technical view from the BuyUcoin cryptocurrency exchange
Ether closed after the merger. The world’s most popular altcoin, Ether, has fallen more than 16 percent in the past 7 days as pressure mounts on crypto assets ahead of the next Fed meeting.
Ether price volatility should not be linked to the merger as current price volatility is mostly driven by macroeconomic factors surrounding the financial market.
According to some media reports, another rate hike will be made at today’s Fed meeting, which is keeping investors on their toes. Any relaxation in monetary policies in the coming weeks will prove beneficial for the overall crypto market.
(The views and recommendations in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking any position in the assets mentioned.)