Today’s cryptocurrency prices: Bitcoin and Ether are losing steam as the virtual coin market remains turbulent

Bitcoinworld 8 months ago Report
Telegram LinkedIn

After a weekend of recovering, popular cryptocurrency prices lost steam on Monday. The larger crypto market’s tendencies are now mixed, with trade momentum being sluggish.

Bitcoin, the world’s most popular cryptocurrency, is down slightly Monday following a weekend rally. Bitcoin was trading at $47,958, up 1.17 percent from 1:35 p.m. the previous day.

Advertisement

The cryptocurrency’s market capitalization is still above $900 billion. The trade volume, however, has remained low at $616 million. Simultaneously, volatility remains high.

The second-most popular cryptocurrency, Ether, has likewise dropped in value during the last 24 hours. It is currently selling at $3,179, down roughly 1% from the previous day’s price.

Ether’s market capitalization has dropped to $372.59 billion. Trading volumes for Ether have remained modest in the last 24 hours, similar to Bitcoin.

Popular cryptocurrencies including XRP, Cardano, Dogecoin, Stellar, Polkadot, Uniswap, Chainlink, Polygon, and Litecoin have all stayed lower in value than they were 24 hours ago.

The lower trading activity appears to be the primary cause for today’s minor loss of momentum in the bitcoin market. However, certainly good news, such as Cuba’s decision to regulate bitcoin use, may boost the momentum today.

Meanwhile, the first cryptocurrency ATM has opened in Honduras, as proponents of the digital currency seek to boost demand after El Salvador became the first government to recognise Bitcoin as legal cash.

CryptocurrencyPrice (US Dollar)24-hour changeMarket cap (Billion)Volume (24 Hours)
Bitcoin47,895.15-1.46%$900.48$616.19 million
Ether3,183.89-0.99%$373.08$385.34 million
Dogecoin0.281625-0.59%$36.87$1.36 billion
Litecoin173.50-3.67%$11.87$2.02 billion
XRP1.14-0.64%$113.71$3 billion
Cardano2.82-0.50%$91.31$4.35 billion

Original Source: https://bitcoinworld.co.in/todays-cryptocurrency-prices-bitcoin-and-ether-are-losing-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Join Our Weekly Newsletter of Cardano

Your weekly dose of Cardano news straight to your inbox!
Genius X is launching its Initial Stake Pool Offering (ISPO) Starting on May 15, 2022
Revolutionize the business accelerator experience and provide unparalleled support for ambitious crypto startups, Genius X is raising funds through a public ISPO and helping foster innovation in the Cardano ecosystem. CLICK HERE!
READ THE ORIGINAL ARTICLE ON >> Bitcoinworld