Monday, March 4, 2024

Crypto Price Today: Bitcoin, Ether Tumble, Top Altcoins Join the Slide.

By the last week of January 2024, Bitcoin was losing money. The asset saw a 1.72 percent decrease on Monday, January 22. Its trade value rose to $40,955 as a result. Over the course of the weekend, Bitcoin’s value fell by $50. The price of Bitcoin crashed around its present level a few days into January 2023, following two months of outstanding performance on an upward track. Even with the US authorizing eleven Bitcoin exchange-traded funds, the asset’s price did not rise.

The price of ether fell by 2.28 percent on Monday, according to the cryptocurrency price tracker. As of this writing, ether is worth $2,417.

“Bitcoin held its position at $41,000 during the weekend during a difficult struggle between bulls and bears for control of the market. Given that Bitcoin is trading above the $40,000 mark, there are signs that a sideways trend could be on the horizon. On the other hand, the current value of Ethereum is $2,400. If bulls are unable to push the price beyond $2,500, Ethereum may go below $2,400 this week, according to Edul Patel, CEO of Mudrex.

Along with USD Coin, Leo, and Uniswap, other cryptocurrency prices declined for Tether, Cardano, Solana, Ripple, Avalanche, Tron, and Polkadot.

Altcoins have taken a beating every time Bitcoin dips, and Ethereum hasn’t offered much refuge, struggling to stay above the key 0.06 BTC/ETH level. Monday US hours will be critical in determining the direction the market takes this week, as many popular cryptocurrencies, such as Arbitrum (ARB, -4 percent), are presently trading on trend line support. The CoinSwitch Markets Desk said this.

According to CoinMarketCap, the entire cryptocurrency market capitalization fell 1.78 percent in the previous day and is currently valued at $1.61 trillion.

In the meantime, Qtum, Leo, Iota, and Litecoin all saw slight increases.

Dogecoin had a significant increase of over 10 percent subsequent to X (formerly Twitter) making hints regarding the impending launch of a payment service. DOGE is now trading for $0.083.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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