Cryptocurrency prices It fell today with bitcoin trading below the $44,000 level in a choppy week for the cryptocurrency. The most famous in the world Cryptocurrency It fell nearly 3 percent, at $43,084.90. Bitcoin is down about 6 percent in 2022 (year-to-date) so far. Bitcoin has fallen about 35 percent since peaking at roughly $69,000 in November last year as risk aversion builds as the Fed and other global central banks begin to tighten financial conditions and remove pandemic-era liquidity from the system.
BTC support price remains at $40,000 while resistance holds at $46,000. Since there are no signs of Bitcoin being overbought, this situation is likely to keep buyers active in the market. Depending on the market capitalization, some altcoins are green and some are red,” said Idul Patel, CEO and Co-Founder, Mudrex.
On the other hand, Ether, the currency linked to the Ethereum blockchain and the second largest cryptocurrency by market capitalization, fell 5.18 percent to $3,057.71. Similarly, Binance Coin stock fell about 2 percent to $413.
Dogecoin price was trading 6 percent lower at $0.15, while Shiba Inu price was down more than 8 percent to $0.000030. Other altcoins performed mixed, with Stellar, Avalanche, Cardano, Polygon, XRP, Polkadot, Solana, Terra, and Stellar prices trading with cuts over the past 24 hours.
Meanwhile, global Cryptocurrency Today’s market cap remains above $2 trillion, according to coinmarketcap.com, although it is down 3 percent at $2.06 trillion, hurt by today’s drop in cryptocurrency prices.
The cryptocurrency market saw its third week of inflows totaling $133 million last week. Bitcoin led all inflows, bringing in $71 million, the largest since early December and the third consecutive week of inflows, totaling $108 million. Aether recorded net inflows of $8.5 million in the week ending February 4, marking the ninth straight week of outflows, which totaled $280 million.
Reserve Bank of India (RBI) Governor Shaktikanta Das said in a press conference on Thursday that private crypto assets or virtual digital currencies pose a major threat to the macroeconomic and financial stability of a country. “I said that investors are the judges for themselves. But today it is my duty to tell investors that while betting on cryptocurrencies, they should be aware that they are investing at their own risk,” Das said at the meeting.
Here are the top 10 cryptocurrencies and their prices on February 11, 2022 (data from coinmarketcap.com at the time of publication of this article)
Bitcoin $43,084.90 or a loss of 2.71 percent over the past 24 hours
Ethereum $3,057.71 or a loss of 5.18 percent in the last 24 hours
Cardano $1.14, or a loss of 3.99 percent, over the past 24 hours
Link a loss of $1.00 or 0.02 percent in the last 24 hours
Terra $52.27, or a 7.02 percent loss, over the past 24 hours
XRP $0.8224, or a loss of 4.29 percent over the past 24 hours
Solana $104.35, or a 6.42 percent loss, over the past 24 hours
Avalanche $81.59 or 4.24 percent loss over the past 24 hours
Binance $1.00, or a loss of 0.04 percent, over the past 24 hours