Bitcoin and other forms of digital money traded with a positive trend. In the early hours, Ethereum gained more than 2% and went back up to $1,900, while Bitcoin stayed at $30,000. Altcoins did better than blue-chip crypto tokens.
After good news about growth and the release of the Ethereum Shanghai update, Bitcoin and other forms of digital money traded with a positive trend. In the early hours, Ethereum gained more than 2% and went back up to $1,900, while Bitcoin stayed at $30,000. Altcoins did better than blue-chip crypto tokens.
Over the past 24 hours, the value of a number of cryptocurrencies has gone up a little bit. This is because of the Ethereum Shanghai upgrade and some slightly positive inflation data. Bitcoins were traded for more than $30,000, with resistance at $30,500 and support at $29,900. Ethereum, on the other hand, has started a new phase of staked withdrawals and is currently trading at $1,900, with support at $1,820 and resistance at $1,943.
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On Thursday, the only big crypto tokens that went up in value were XRP and Tether, which is tied to the US dollar. Solana went up by more than 5%, Tron went up by 3%, Cardano and Avalanche each went up by 4%, and Dogecoin went up the most of all of them.
In the last 24 hours, the total value of all cryptocurrencies on the market has gone up by more than 1%, to about $1.23 trillion. On the other hand, the overall amount of trades went up by more than 8% to $46.06 billion.
Most of the crypto market stayed upbeat even after news about growth seemed to cool things down. Ethereum rose by more than 2% to $1,900, while Bitcoin stayed steady above $30,000. Shivam Thakral, CEO of BuyUcoin, says that ETH has done better than BTC since the most recent update, which will make ETH staking very flexible, increase market volume, and make the blockchain safer.