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Cryptocurrency price today: On Wednesday, April 13, the global cryptocurrency market jumped into the green as Bitcoin surged above the $40,000 mark again after falling below the same levels. The world’s largest cryptocurrency has stayed around the $40,000 level for two days in a row after what appears to be a suppression of market volatility. Analysts expected Bitcoin to bounce off the current levels and continue the upward trend.
At the time of writing this article, the price of one bitcoin is at $40,100.37, according to data from CoinMarketCap, a global crypto-tracking website. The data showed that this rose by 0.22 percent in the past 24 hours, but decreased by as much as 11.63 percent in the past seven days.
“The market volatility, which has been in place since last week, has been rather weak. Bitcoin has been stable around the $40K level for the second day in a row. The hourly trend of BTC is moving in a downtrend within a descending channel pattern. Immediate support is expected to reach BTC to $37,600 However, with a longer trend cycle, BTC has been consistently forming higher lows as it moved forward.WazirX Trade Desk said in a note to news18.com that BTC may bounce off current levels and continue to the upside.
Ethereum, or Ether, is also up 1.38 percent in the past 24 hours to trade at $3,056.05 at the time of writing. There was no significant fluctuation in the price of Ether over the course of the day, according to analysts. The global cryptocurrency market also rallied during the day amid gains from all major cryptocurrencies.
The meme coin space has seen some exciting action as one of the popular meme coins, Shiba Inu, has surged nearly 30 percent in the past 24 hours. At the time of writing this article, the price of the Shiba Inu is $0.00002,698, up 18.35 percent from the previous day. “Shiba Inu (SHIB), one of the favorite meme tokens, surged more than 30 percent in one day as it was listed on popular broker Robinhood. SHIB became one of the top performers as it outperformed most cryptocurrencies,” WazirX trading desk said. .
Here are the top 10 cryptocurrencies and their prices on April 11, 2022 (data from coinmarketcap.com)
Bitcoin $40,100.37 or 0.22% gain in the last 24 hours
Ethereum $3,056.05 or 1.38 percent gain in the last 24 hours
Tie a gain of $1.00 or 0.00 percent in the last 24 hours
BNB $418.97 or 3.28 percent gain in the last 24 hours
USD Coin gained $1 or 0.03 percent in the last 24 hours
XRP $0.7201 or 1.64% over the past 24 hours
Solana $104.41 or 1.68% gain in the past 24 hours
Cardano $0.9594, or 1.10 percent gain in the last 24 hours
Terra $86.10 or 1.97 percent gain in the last 24 hours
The avalanche is $77.62, or 0.51 percent, up in the last 24 hours
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