Crypto Price Today Live News: The latest application by BlackRock for a bitcoin exchange-traded fund (ETF) helped the cryptocurrency market advance for the third day in a row. Ethereum passed $1,900 and Bitcoin increased 5% to $30,326. Within the last day, the trading volume of bitcoin increased by 25%, reaching about $31.48 billion. Over 7% growth was also seen in other cryptocurrencies like Litecoin, Cardano, Dogecoin, Shiba Inu, and Dogecoin. The market cap of all cryptocurrencies increased to $1 by 5%.
- Bitcoin quickly climbs to high, topping $31,000; Highest level in a year
- Currently $31,200
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Crypto Price Today
Thursday noticed a third straight day of profits for the cryptocurrency markets, supported by BlackRock’s decision to launch a bitcoin exchange-traded fund (ETF) despite US regulatory scrutiny of the industry.
The largest asset manager in the world, BlackRock, filed for the exchange last week, enabling investors to purchase stakes in the asset class.
Crypto Price Today
Ethereum (ETH) was trading above $1,900 while Bitcoin (BTC) increased 5% to $30,326. BTC volume was about $31.48 billion, up 25% over the previous day Crypto Price Today.
According to Edul Patel, Co-Founder & CEO of Mudrex, “Bitcoin hovered above the US$30,000 level, gaining 5% over the previous day as investors continued to cherish the news of multiple spot Bitcoin ETF filings.”
Ethereum, on the other hand, also reached above US$1,900, indicating a strong buying trend. Market sentiment is generally bullish and optimistic, Crypto Price Today according to Edul.
The price of other popular crypto tokens was also increasing. Over 7% of each of Cardano, Dogecoin, Shiba Inu, and Litecoin were gained. The market capitalization of all cryptocurrencies was up around 5% over the previous 24 hours, trading at around $1.18 trillion.
The largest cryptocurrency in the world by market cap, Bitcoin, was valued at about $588 billion. According to CoinMarketCap, Bitcoin currently has a 49.55% market share, up 0.29% Crypto Price Today from the previous day.
“After a significant rally over the past two days, Bitcoin has crossed a crucial resistance range that stretches up to $32,500. Even though its market share is consolidating above 50%, it is currently trading above $30,300, signalling renewed optimism in the markets. In the upcoming weeks, BTC may break through the $32,500 mark with another strong bullish push, according to Vikram Subburaj, CEO of Giottus Crypto Platform.
Vice President at WazirX Rajagopal Menon stated, “Major market oscillators point to a neutral sentiment.
The MACD Level (12, 26), at 460, indicates Buy. The Stochastic RSI Crypto Price Today Fast (3, 3, 14, 14) is Neutral at 100 and William’s Percentage indicates Sell at -6,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 10.34 hours, IST on June 22, 2023)
Bitcoin $30,326 5.41%
Ethereum $1,919 5.70%
Tether $0.9999 0.01%
BNB $254 1.38%
XRP $0.5154 3.07%
Cardano $0.2988 7.11%
Dogecoin $0.06835 6.88%
Solana $17.49 4.10%
Polygon $0.698 7.27%
Litecoin $87.92 7.31%
Polkadot $4.92 4.42%
Tron $0.07372 3.11%
Shiba Inu $0.000008025 8.27%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)