The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Market Cap

Crypto Price Today Live Updates: Shiba Inu, Dogecoin zoom up to 21%; Bitcoin holds $20,000

Crypto Price Today Live Updates: Shiba Inu, Dogecoin zoom up to 21%; Bitcoin holds $20,000
Share on FacebookShare on Twitter


New Delhi: Crypto market was trading mixed on Wednesday morning amid lack of fresh triggers. Investors, however, preferred profit booking than raising their hopes about a long-term rebound.

Bitcoin dipped marginally but sustained above $20,000, whereas Ethereum was also under some pressure. Market experts see the volatility in the crypto market to continue in the near term.

The top tokens in the crypto cart were trading mixed on Wednesday. Memecoins like Shiba Inu rose over 21 per cent, whereas Dogecoin surged 8 per cent. Cardano and Polkadot plunged close to 4 per cent each.



The global cryptocurrency market cap was trading around the $900 billion mark, dropping marginally by less than a per cent in the last 24 hours. However, the total cryptocurrency trading volume plunged merely over a per cent to $70.75 billion.

What’s cooking in India
Job postings for cryptocurrency, blockchain and NFTs have grown 804 per cent between April 2020 to April 2022, according to a report by a global job portal. It also revealed an acceleration in the market’s demand. In 2022, the increase was 315 per cent.

The Covid-19 pandemic has fast-tracked the adoption of technology across functions in India, technology professionals are more in demand than ever before, especially with expertise in newer areas like cryptocurrency, NFTs and blockchain, the report showed.

Expert take
Most of the crypto assets were trading in the green but the current rally may not bring the bulls back into the market due to recession fears looming over financial markets, said Tarusha Mittal, COO and Cofounder, Unifarm.

“Investor interest in tech stocks and tech-based crypto assets has withered away as the macroeconomic conditions remain unfavorable. The hawkish stance taken by Fed will keep the investors on their toes in the coming weeks,” she said.

Soon after the BTC price went below $20,000, there was a misconception that Binance had bought Bitcoin but it was not true, said WazirX Trade Desk. Binance’s CEO clarified by tweeting that the number of users deposited in Binance has increased hence the balance of Bitcoin is increasing, it added.

Global updates
– As the price of bitcoin last week dropped to its lowest level since 2020, investors trimmed their positions in funds designed to profit from further declines in the cryptocurrency, suggested a CoinShare report.

– Bitcoin miner Bitfarms sold almost half its stash of the cryptocurrency in the past week for about $62 million to reduce debt as miners feel the squeeze of the crypto market downturn.

– Crypto lending platform BlockFi announced that it has secured a $250 million revolving credit facility from FTX, BlockFi CEO Zac Prince said in a tweet on Tuesday.

– Magic Eden, the leading non-fungible token (NFT) marketplace on Solana, has raised $130 million in a Series B funding round co-led by Electric Capital and Greylock.

Tech view by BuyUcoin cryptocurrency exchange
DOGE is back in the top 10 crypto token list after Elon Musk’s latest statement. The popular meme coin DOGE has surged more than 20 per cent after the world’s richest man Elon Musk in an interview with Bloomberg said he will continue to support DOGE.

Chart-DogeAgencies

DOGE has a market cap of $8.8 billion. The Dogecoin rally is mostly driven by breaking news and supportive tweets by Elon musk. It is difficult to say for how long this momentum will last.

DOGE needs to find a real-world use case as it was originally designed to be a medium of payment. The rally in the meme coin space is expected to be short-lived as it is not driven by strong fundamentals.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)



Read More:Crypto Price Today Live Updates: Shiba Inu, Dogecoin zoom up to 21%; Bitcoin holds $20,000

Tags: Bitcoincryptocrypto pricesDogecoinEthereumHoldsInuLivepriceShibaShiba InuTodayUpdateszoom
Previous Post

Bitcoin could plunge even further to a low of $13,000, one strategist warns

Next Post

Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be

Related Posts

Ripple’s Lawsuit: Why SEC Ignores Jed McCaleb? By DailyCoin

XRP Climbs 10% In Rally By Investing.com

by The Cryptos News
July 30, 2022
0

XRP Climbs 10% In Rally Investing.com - was trading at $0.40471 by 10:04 (14:04 GMT) on the Investing.com Index...

Crypto Markets Add $100 Billion Following the Fed’s 75 BPS Rate Hike (Market Watch)

by The Cryptos News
July 30, 2022
0

Unlike the previous Fed interest hikes, bitcoin went on a roll this time, adding over $2,000 in hours to...

Cardano (ADA) Becomes 7th Largest Cryptocurrency By Market Cap, Displacing XRP

Cardano (ADA) Becomes 7th Largest Cryptocurrency By Market Cap, Displacing XRP

by The Cryptos News
July 29, 2022
0

Regardless of the Cardano Vasil hard fork delay, ADA, the native token of the Cardano blockchain has flipped XRP...

Bloom (BLT) Do the Risks Outweigh the Rewards Friday?

Bloom (BLT) Do the Risks Outweigh the Rewards Friday?

by The Cryptos News
July 29, 2022
0

Bloom achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can...

Next Post
Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be

Plan B's Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz