Cryptocurrencies Extend Gains Despite Negative Trends Across Global Markets

Cryptocurrencies Extend Gains Despite Negative Trends Across Global Markets

Profile image

By Asmita Pant   IST (Published)

Mini

Bitcoin, was trading 1.4 percent up at $23,312.3. Bitcoin’s market capitalisation was at $444.2 billion, while the trade volume was at $15.8 billion in the past 24 hours.

Cryptocurrencies gained on Monday amid negative trends in global markets. The total crypto market capitalisation stood at $1.10 trillion.

The world’s most popular and largest cryptocurrency, Bitcoin, was trading 1.4 percent up at $23,312.3. Bitcoin’s market capitalisation was at $444.2 billion, while the trade volume was at $15.8 billion in the past 24 hours.

A WazirX analyst said that the next key resistance level for BTC is expected at $32,300 and the next support is expected at $19,000.

Second-largest virtual currency, Ether, was 1.8 percent up at $1,715.2 with a market capitalisation of $207.7 billion. The trade volume of Ethereum was $9.9 billion in the last 24 hours.

The analyst said, “The weekly trend for ETH-BTC has broken out of the triangle pattern and continues on an upward trend. The next key resistance is expected at 0.078 and next support for ETH-BTC is expected at 0.049.”

Meme crypto Dogecoin was 2.2 percent up with a trading volume of $197.7 million in 24 hours. Shiba Inu was trading 1.7 percent higher at $0.000012 while Solana was 4.1 percent up at $41.4 billion.

Indian headline indices opened in red on Monday.

Source

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *