Bitcoin holds $23,000; Ether, Polkadot, Dogecoin drop by up to 4%
Cryptocurrency price today: crypto market It traded lower on Thursday as Bitcoin was barely able to hold the $23,000 mark. The global cryptocurrency market cap fell 3.93 percent to $1.08 trillion from the day before. The total size of the crypto market decreased by 5.45 percent to $67.94 billion in the last 24 hours.
Tarusha Mittal, COO and co-founder of UniFarm, said: “The US inflation report due out today keeps investors on their toes. The overall market capitalization of cryptocurrencies is down more than 3 per cent indicating selling pressure across crypto assets. Bitcoin prices are down. and Ether by 3.65 percent and 4.66 percent, respectively Altcoins like Solana and DOT are down more than 5 percent CPI data will pave the way for the next policy actions by the Federal Reserve which have been very aggressive in terms of raising interest rates and tightening monetary policy We can expect some relief if CPI data shows some relief from rising inflation.”
All cryptocurrency tokens traded lower on Wednesday. Solana shares are down about 4 percent, while Polkadot and Ethereum are down about 2 percent each. Dogecoin is down 4 percent today.
Mudrex Co-Founder and CEO Edul Patel said: “On the macroeconomic front, crypto adoption is reaching new heights. Binance has teamed up with Mastercard to launch a prepaid crypto card in Argentina. The new card is expected to be available in the coming weeks, allowing users to The country is currently experiencing rampant inflation and is expected to reach 90 percent by December. As a result, cryptocurrency adoption is on the rise across Latin America, especially in Argentina, as people look for ways to escape the trap. inflation.”
Meanwhile, financial services firm JP Morgan said the anticipation of the merger, a long-awaited upgrade of the Ethereum (ETH) network, is the main driver behind a rally in cryptocurrencies over the past few weeks, and claimed the market had hit the floor. Despite the weak trading volumes.
Here are the top 10 cryptocurrencies and their prices on August 10, 2022, Wednesday, (according to data from coinmarketcap.com)
Bitcoin $23,065.10 or 1.37% loss in the past 24 hours
Ethereum $1,694.85 or 1.54 percent loss in the last 24 hours
Earn $1.00 or 0.01 percent in the last 24 hours
USD Coin – $0.9999 gain or 0.02 percent in the last 24 hours
BNB $317.66 or 0.59% loss in the last 24 hours
XRP $0.3768 or 0.41% loss in the last 24 hours
Binance USD gains $1 or 0.05 percent in the past 24 hours
Cardano $0.5177 or 1.33 percent gain in the last 24 hours
Solana $39.76, or 3.26 percent loss over the past 24 hours
Polkadot $8.70 or 2.08 percent loss over the past 24 hours
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