Cryptocurrency price

Bitcoin Crosses $41,000, Most Major Coins Rise; See the list

Cryptocurrency price today: Bitcoin turned around on Thursday April 14 to break above the $41,000 mark after the price of the world’s largest cryptocurrency by market value fell below the $40,000 levels due to volatility in the market. market and the risky nature of digital coins right now. Most of the major cryptocurrencies, except for Tether and USD Coin, saw their prices rise on the day as the markets stabilized. This resulted in the global cryptocurrency market trading green for the second day in a row, while trading volumes fell sharply.

The price of bitcoin today at the time of writing stands at $41,304.60, according to data from global cryptocurrency tracking website CoinMarketCap. That’s up 2.82% in the past 24 hours, but down 4.87% in the past seven days.

“Bitcoin edged above the $41,000 level as the US inflation rate climbed to 8.5%, the highest in 40 years. Bitcoin and other cryptos can be seen as a hedge against rising inflation, by long-term investors given the deflationary nature of crypto tokens The hourly trend for BTC has broken out from the descending channel pattern Next resistance is expected at $48,600 and immediate support for BTC is expected at 37 $600,” trade office WazirX said in a note to news18.com.

“The Luna Guard Foundation added another 2,508 bitcoins to its pool yesterday, now its Bitcoin total stands at 42,410 BTC. Sellers provided most of the group’s large orders, bitcoin bounced above the level of $40,000 Positive news from investment firm BlackRock regarding its digital asset study strategy may have created some positive feelings in the minds of crypto enthusiasts Recent developments could push the market higher and we can expect higher trading volumes in the coming weeks,” said Shivam Thakral, CEO of BuyUcoin.

On Thursday, Ethereum stood at $3,111.70, a jump of 1.52% in the last 24 hours. “We could see Ethereum continue to outperform BTC for a few weeks in a row. The 12-hour trend for ETH-BTC continues to move along an ascending channel pattern. The next resistance is expected at 0.078,” WazirX trade desk said.

Here are the top 10 cryptocurrencies and their prices as of April 14, 2022 (data from coinmarketcap.com)

Bitcoin $41,304.60 or 2.82% gain in the last 24 hours

Ethereum $3,111.70 or 1.52% gain in the last 24 hours

Tether $1.00 or 0.01% loss 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% gain in the last 24 hours

Solana $106.57 or 2.13% gain in the last 24 hours

Cardano $0.9705 or 1.13% gain in the last 24 hours

Terra $88.26 or 3.21% gain in the last 24 hours

Avalanche $81.51 or 5.21% gain in the last 24 hours

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