” Cryptocurrency markets have traded sideways in the previous day. The slight increase may be attributed to positive weekly unemployment data in the US,” Parth Chaturvedi, Assets Lead at CoinSwitch Ventures, said.
Cryptocurrency markets appear to be in a holding phase as of now wherein investors are awaiting a clear resolution on US’ debt ceiling conversations, Parth added.
Other top cryptocurrency crypto tokens were likewise trading higher on Friday. Litecoin surged nearly 2%. Ethereum (ETH), Polygon, and XRP Ripple (XRP) were likewise trading higher.
The total volume in Decentralized Finance is as of now 1.73 billion, 6.23 percent of the total cryptocurrency market 24-hour volume. The volume of all crypto stablecoins is now $25.70 billion, which is 92.73 percent of the total cryptocurrency market 24-hour volume.
The worldwide digital currency market capitalization was trading higher around $1.11 trillion, growing 0.70 percent in the last 24 hours.
The market capitalization of Bitcoin, the world’s largest digital currency, was around $512 billion. BTC’s dominance is as of now 46.16%, an increase of 0.03 percent over the day, reports by CoinMarketCap.” Bitcoin (BTC) traded around $26.5K as investors overlooked unexpected positive jobs and productivity figures. As we navigate this constantly changing landscape, Bitcoin (BTC) remains at the vanguard, influencing future of the finance. Until we see a resolution to this debt limit situation,” Shivam Thakral, CEO of BuyUcoin, said.
Edul Patel, Co- founder and CEO at Mudrex, stated, “BTC’s immediate resistance is at the US$26,471 level. If the closure happens near it, the boost may continue to the US$26,600 and US$26,800 zone.”
Cryptocurrency Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.48 hours, IST on May 26, 2023)
Bitcoin (BTC) $26,450 0.93%
Ethereum (ETH) $1,811 1.63%
Tether (USDT) $1.00 0.03%
BNB $304.5 -0.27%
XRP Ripple (XRP) $0.4615 2.62%
Cardano (ADA) $0.3578 0.24%
Dogecoin (DOGE) $0.07076 0.16%
Polygon $0.8951 1.62%
Solana (SOL) $19.25 -0.68%
Litecoin $86.79 2.81%
Polkadot (DOT) $5.23 -0.44%
Tron $0.07692 -0.79%
Shiba Inu (SHIB) $0.000008487 -0.22%
(Note: Price change in last 24 hours)
( Disclosure: Recommendations, suggestions, views and opinions given by the specialists are their own. These do not represent the views of The Economic Times)