Cryptocurrency price

Cryptocurrency prices today: Top cryptocurrency prices today: Bitcoin, Terra, Ethereum zoom up to 6%; Apartment Shiba Inu

New Delhi: After an extended selloff, crypto prices were trading higher on Thursday amid multiple positive news from Ukraine and the United States.

Russia and Ukraine were embroiled in talks as US President Joe Biden signed an executive order on cryptocurrency, which hinted at positive movement on new-age technology.

With the exception of dollar-pegged stablecoins, all major digital tokens were trading higher on Thursday. Terra zoomed 6%, followed by a 4% increase in Bitcoin and XRP each. Solana, Ethereum, Cardano added 2% each.



The global cryptocurrency market cap today crossed the $1.80 trillion mark, adding almost 2% in the last 24 hours. Total cryptocurrency trading volume soared over 23% to $97.07 billion.

What’s cooking in India
Indian Finance Minister Nirmala Sitharaman has said she expects the country’s central bank to launch a central bank digital currency (CBDC) or digital rupee this year.

The announcement heightened competition with China which will be the first country to make a CBDC a core part of its monetary system.

Global Updates

  • US President Joe Biden on Wednesday signed an executive order requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said.

  • Conservative Party candidate Yoon Suk-Yeol, a former top prosecutor who vowed to deregulate the crypto industry, will become South Korea’s next president.

  • Binance Holdings is in talks to obtain a license to operate in Dubai, Bloomberg reported on Wednesday, citing a person familiar with the matter.

Expert grip
At a watershed moment, the Biden administration issued an executive order to examine the risks and benefits of cryptocurrencies, regulating the rapidly developing industry and stamping out illicit activity in the sector, the CoinDCX research team said. .

“With positive regulatory action, the crypto market has recovered with many cryptocurrency prices moving back into the green,” he added. “These positive developments continue to signal the growing regulatory acceptance of digital assets.”

Technical view by Giottos Crypto Exchange
With multiple blockchain platforms operating in the crypto space, there is a palpable need for a solution that connects them and provides interoperability. Cosmos is one such platform that allows blockchains to communicate with each other. Its token – ATOM – rose sharply through January to hit $44 before falling back to retest support levels at $32.

AND CONTRIBUTORS

ATOM broke through this level after some tapping and is currently trading at $30. It is now forming a rising wedge which is basically a bearish pattern. Although short-term targets of $35 are expected, they could be followed by a move back to $30 and even support levels at $24.

If the macro implications turn bullish again, ATOM may hold the $30 level and may target $37 in the near future.

Main levels:
Support: $32, $30, $24

Resistance: $37, $44