Bitcoin chips under 40 thousand dollars; Ether, Solana face a huge drop
Cryptocurrency price today: All major cryptocurrencies fell on Monday, April 18, early in the day while the global cryptocurrency market cap bore the brunt. The world’s largest cryptocurrency, Bitcoin, has slipped below $39,000 again after rising over $40,000 for a few days as market volatility continues. On the other hand, other major cryptocurrencies have also shown a bearish trend as investors continue to assess rising inflation and consider the possibility of an economic recession amid the ongoing Russian-Ukrainian war. Months-long tensions between the two countries have led to the volatility of the global cryptocurrency market.
The price of Bitcoin today at the time of writing this article was at
$38936.59, according to data. Data from CoinMarketCap showed that this has fallen by 3.57 percent over the past 24 hours, while the price of Bitcoin has fallen by as much as 7.92 percent over the past seven days.
“Bitcoin remained somewhat neutral during the week as BTC continued to consolidate around the $40,000 levels. Interestingly, the RSI has also maintained a fairly flat line around 40 over the past week. However, the flow of BTC has continued. of exchanges on the rise as institutional investors and whales continued to accumulate Bitcoin,” WazirX Trade Desk said in a note to news18.com.
“On the daily time frame, BTC continues to pass through the ascending channel pattern. We can expect huge price volatility as BTC has been moving sideways for about a week. The next resistance is expected at $48,600 and the immediate support for Bitcoin is expected at $37,600.”
The price of Ether is also down today, with one unit of the second largest cryptocurrency in the world trading at $2915.79 at the time of writing. This has decreased by 4.06 percent and 8.18 percent over the past 24 and seven days, respectively.
“Ethereum is marginally lower during the week, dropping more than 6 percent. Meanwhile, the Ethereum developers have announced that the long-awaited Ethereum merger will be delayed for a few more months. Ethereum’s weekly trend can be seen retesting the pattern after the recent hack of the same The Pattern: ETH’s next resistance is expected at $3,450 and the next support is expected at $2,450,” WazirX Trade Desk said.
Here are the top 10 cryptocurrencies and their prices on April 18, 2022 (data from coinmarketcap.com)
Bitcoin $38,936.59 or 3.57% loss in the last 24 hours
Ethereum $2,915.79 or 4.96 percent loss in the last 24 hours
Earn $1.00 or 0.01 percent in the last 24 hours
$399.00 BNB or 3.94 percent loss in the last 24 hours
USD Coin 0.9997 or 0.02% loss in the last 24 hours
XRP $0.7368, or 5.56 percent loss over the past 24 hours
Solana $97.45 or 4.51 percent loss in the past 24 hours
Cardano $0.8887 or 6.22 percent loss over the past 24 hours
Terra $76.94, or 5.81 percent loss over the past 24 hours
Avalanche of $73.39 or 5.63 percent loss in the past 24 hours
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