Cryptocurrency price today: On Thursday, April 14, Bitcoin turned over the $41,000 mark after the price of the world’s largest cryptocurrency by market capitalization plunged below $40,000 levels due to market volatility and the risky nature of digital currencies at the moment. Most of the major cryptocurrencies, with the exception of Tether and the US dollar, recorded a jump in their prices during the day as the markets stabilized. This resulted in the global cryptocurrency market trading in the green for the second day in a row, while trading volumes witnessed a sharp decline.
Bitcoin price today At the time of writing this article, it is worth $4,304.60, according to data from global crypto-tracking website CoinMarketCap. This is up as much as 2.82 percent in the past 24 hours, but has fallen by 4.87 percent over the past seven days.
Bitcoin broke through the $41,000 mark as the US inflation rate rose to 8.5 percent, the highest level in 40 years. Bitcoin and other cryptocurrencies can be viewed as a hedge against rising inflation, by long-term investors given the deflationary nature of the cryptocurrency. Courier direction of BTC of a descending channel pattern. Next resistance is expected at $48,600 and immediate support for Bitcoin is expected at $37,600.”
The Luna Guard Foundation added another 2,508 bitcoins to its fund yesterday, and now its total bitcoin holdings are 42,410 BTC. Sellers supplied most of the bulk orders, and bitcoin bounced back above the $40,000 level. Positive news from investment firm BlackRock about its strategy to study digital assets may have created positive emotions in the minds of crypto enthusiasts. Shivam Thakral, CEO of BuyUcoin, said that the recent developments may push the market higher and we can expect higher trading volumes in the coming weeks.
On Thursday, Ethereum was standing at $3,111.70, an increase of 1.52 percent over the past 24 hours. “We can see that Ethereum continues to outperform BTC for a few weeks in a row. The 12-hour trend for ETH-BTC continues to move along the ascending channel pattern. Next resistance is expected at 0.078.”
Here are the top 10 cryptocurrencies and their prices on April 14, 2022 (data from coinmarketcap.com)
Bitcoin $4,304.60 or 2.82 percent gain in the last 24 hours
Ethereum $3,111.70 or 1.52 percent gains in the last 24 hours
Assess a loss of $1.00 or 0.01 percent in the last 24 hours
BNB $421.74 or 0.42% gain in the last 24 hours
USD Coin 0.9998 or 0.03% loss in the last 24 hours
XRP $0.7363 or 2.30 percent over the past 24 hours
Solana $106.57 or 2.13 percent gain in the past 24 hours
Cardano: $0.9705, or a gain of 1.13% in the past 24 hours
Terra $88.26 or 3.21 percent gain in the last 24 hours
Avalanche of $81.51, or 5.21 percent, gain in the past 24 hours