Crypto Market in Red.
The Crypto market is in red after taking a small correction after a rally. Today, Bitcoin reversed from MA100 at $20,680 and gets support from MA9 at $20,350. Btc at 4hr TF makes double top formation which bearish signal. The global crypto market cap claimed the psychological $1 trillion level, the prices of top two coins – Bitcoin (BTC) and Ethereum (ETH) – remained Red.
The global cryptocurrency market cap rise by 0.3% to $1.06 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $98.42 billion.
Cryptoquants Derivates shows positive funding rates which means crypto will turn green in coming hours.
BTC price has fall by 0.12% in the last 24 hours. At the time, BTC was trading at $20,380. In the last 7 days, BTC price has rise by 6.34%. Bitcoin (BTC) dominance rise from 37.19% to 37.11% while ETH dominated 20.2% of the total crypto markets.
According to National Power Administration remarks, the expansion of illegal bitcoin mining operations may have an impact on the stability of the country's electrical grid.
Michael Saylor's former company, Microstrategy, which continues to have the largest Bitcoin ownership, will present its quarterly financial results.
As Concord Transaction Group intends to extend the $9 billion acquisition until January 2023, USDC issuer Circle's public offering is delayed.
Top Crypto Prices
Ethereum (ETH): Ethereum price rise by around 0.83% to $1,585 in the last 24 hours. In the last 7 days, ETH price has rise by over 18.16%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Binance (BNB): Binance Chain coin’s price fall to $325, by 0.18% in the last 24 hours. In the last 7 days, BNB price has rise by over 13.68%. It is currently ranked as the 5th largest crypto asset on CoinGabbar.
XRP: XRP coin’s price fall by 0.26% to $0.4631 in the last 24 hours. In the last 7 days, XRP price has rise by nearly 1.92%. It is currently ranked as the 7th biggest crypto on CoinGabbar.
Solana (SOL): Solana price fall 0.34% to $32.45 in the last 24 hours. In the last 7 days, SOL price has rise by nearly 15.38%. It is currently ranked as the 9th biggest crypto asset on CoinGabbar.
Cardano (ADA): Cardano token’s price fall by 0.45% to $0.4037 in the last 24 hours. In the last 7 days, ADA price has fall 12.4%. It is currently ranked as the 8th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price rise by 10.5% in the last 24 hours. DOGE is currently ranked 10th. The price of DOGE at the time of this report was $0.140.
Price of Polkadot (DOT) fall by 1.66% in the last 24 hours to $6.51. Avalanche (AVAX) price rise by nearly 2.99% to $18.7 in the last 24 hours. Both DOT and AVAX are currently ranked 11th and 17th respectively on CoinGabbar.
Polygon (MATIC) price fall by around 2.28% to $0.882 in the last 24 hours. In the last 7 days, MATIC price has fall by around 5.98%. It is currently ranked 15th on CoinGabbar.
Shiba Inu (SHIB) rise by 2.33% in the last 24 hours to $0.00001273. It is currently ranked 12th on CoinGabbar.
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