Cryptocurrency price

Cryptocurrency prices today: Major cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin jump up to 4%; Solana drops 3%

New Delhi: The digital token market was trading flat on Tuesday as investors closely watched the unfolding of major global events and their impact on financial markets.

However, crypto trading volumes were holding steady at around $100 billion despite the cautious stance and economic uncertainty inflamed by the Russia-Ukraine dispute.

Solana fell 3%. XRP and Avalanche fell by around one percent each. On the other hand, Dogecoin climbed 4%, followed by a 2% rise in BNB and Cardano each.



The global cryptocurrency market cap rose to $2.16 trillion, adding less than 1% in the past 24 hours. Total cryptocurrency trading volume increased by more than 13% to $107.22 billion.

What’s cooking in India
Cryptocurrency platforms are experiencing a steady increase in the number of customers despite several risks and regulatory uncertainties. The prospect of high returns and the ease of investment attract people across the country.

One of the largest brokerage firms in India had taken more than a decade to reach 1 crore in client accounts. By comparison, WazirX and CoinDCX, among the largest crypto exchanges in India, took about four years to reach this milestone.

Expert grip
“We have seen a range bound session over the past 24 hours. Although the lower end of the wick was massive as the sellers attempted to drive the market lower and the bulls fought back,” said Edul Patel, CEO and co-founder of Mudrex.

The increase in traded volumes confirms that the market momentum is slightly bullish. Over the next few days, we can expect some volatility, he adds.

The crypto market showed a decent recovery over the past few days after finding support near $44,000, but the momentum seems to have slowed down a bit later, said Kunal Jagdale, founder of BitsAir Exchange.

“The market can range for a while and consolidate here before making a decisive call for movement,” he added.

Global Updates

  • Dogecoin price and Twitter stock soared after Elon Musk took a 9.2% stake in the social media company. Tesla CEO Elon Musk shared a dogecoin video on Twitter while chatting about bitcoin mining on April 1.

  • Crypto exchange BitMEX has laid off 75 employees in a move that comes shortly after a company founded by BitMEX CEO and CFO failed to buy one of the oldest banks in Germany.

  • Digihost (DGHI) has become the first publicly traded crypto miner to offer shareholders the option to earn dividend payments in bitcoin (BTC), starting in the third quarter of this year.

  • Pudgy Penguins’ non-fungible token (NFT) project is under new management following the close of a long-awaited 750 ETH ($2.5 million) sale.

Technical view by Giottos Crypto Exchange
Theta combines the power of decentralization with one of the most popular Internet concepts – video streaming. It allows users to facilitate flows between them via their bandwidth. In return, Theta rewards users with its TFUEL token.

The main token – THETA – is representative of the value of the platform. After a sharp correction from above $10 in September to a low near $2 in March, THETA, like many other altcoins, is showing strength. It recently reversed a resistance trendline into support and is currently testing it to establish fresh upside.

AND CONTRIBUTORS

Immediate targets of $4.3 and $4.7 are on the horizon. A reversal of the $5.95 resistance level will clearly establish an uptrend, at least midway through.

THETA must maintain its current levels for these bullish scenarios to materialize. Otherwise, THETA could return to a narrow triangle converging towards the $3 mark and a potential triple bottom at $2.25 before a reversal.

Main levels
Support: $3.6, $3, $2.65, $2.25

Resistance: $4.3, $4.7, $5.95

(The opinions and recommendations given in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking a position in any assets mentioned.)