The cryptocurrency market saw mixed returns today after the correction that followed the crash. While the global economy is still mired in recession, a soft rise in prices has assured investors of some respite. But these are small gains and the major digital coins are still reeling from the crash. The global cryptocurrency market cap today closed at $995 billion, representing a 1.1% drop over the past 24 hours.
bitcoin price today
After registering a 3.5% increase over the past week, bitcoin saw a 0.4% drop in the past 24 hours. The total volume reported over the past 24 hours was $16.38 billion, representing a 40.7 percent dominance of the global market. At the time of writing, the trading price of bitcoin was $21,372.
ethereum price today
For Ethereum, trading was more or less the same. The second largest cryptocurrency is down more than 1% in the past 24 hours. However, Ethereum has gained up to 8.2 percent over the past seven days, showing better signs of recovery than Bitcoin. Ethereum had a market cap of $12.43 billion over the past 24 hours, compared to a trading price of $1,232 at the time of writing.
Dogecoin, Shiba Inu Price Today
Dogecoin, which accounts for a small portion of the global cryptocurrency market, is up 11% over the past 24 hours, while Tron is also up 4%. The Shiba Inu coin saw a rise of over 40 percent in the past seven days, but the last 24 hours were challenging. The SHIB fell 1.8 percent, settling at a trading price of $0.0001167.
The crisis in the global cryptocurrency market raged on the Federal Reserve’s announcement about an increase in interest. This sent the market into a frenzy that investors are still recovering from. However, there is a possibility that the Federal Reserve will ease its monetary volatility later this year. Investors are clinging to the hope that the market will do better if it doesn’t get back on track.
After Crypto Price in India Today: Bitcoin, Ethereum saw slight declines, while Dogecoin’s rally was first visible on BGR India.