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This article will tell you how Ethereum and other Altcoins performed. We will also look at the top gainers and losers Today. By - Metla Sudha Sekhar
Today's crypto market snapshot:
Bitcoin is trading at a slight premium to the key $24,000 level, having faced selling pressure at the $24,500 mark.
Ethereum is showing strength above the $1,600 level, although it encountered resistance at the $1,625 barrier.
Among the top gainers are LTC, which is trading higher by around 3%, followed by ADA and BNB, both showing gains of 2%.
On the other hand, ATOM is among the biggest decliners, with its price falling by approximately 2%.
Recent political announcements, such as the bipartisan agreement on a bill to avert a default, have had a positive impact on risk-relevant assets like cryptocurrencies.
The total market capitalization currently stands at $1.21 trillion, while the 24-hour trading volume is estimated at $54.3 billion.
As of 7:00 AM (ET), the cryptocurrency market is showing mixed trends.
Bitcoin price today: BTC trades at a slight premium to the key $24,000 level. After encountering selling pressure at the $24,500 mark earlier, Bitcoin's price has stabilized somewhat.
It now faces the next resistance at the April 13 high of $24,788. Further resistance is anticipated at the $25,000 psychological level, followed by the 100-4crolling on Monday, May 1.
Ethereum price today: ETH is displaying strength as it holds above the $1,600 level. However, it encountered resistance at the $1,625 zone, where a candle closed with a high wick yesterday.
A break above $1,625 could propel Ethereum towards the next resistance at the April 13 high of $1,680.
Which cryptocurrencies are the top gainers today?
Among the major cryptocurrencies, LTC is among the biggest gainers today, with its price increasing by around 3% as it trades above the $108 level.
It is currently testing the 50-3crolling at $109.
Among the other cryptocurrencies that faced declines today, ATOM is among the biggest losers, with its price falling by approximately 2%.
Its price is expected to find support at the $11.50 zone, which coincides with the 200-4crolling.
Which cryptos faced declines today?
Among the major cryptocurrencies, ATOM is among the biggest losers today, with its price falling by approximately 2% Its price is expected to find support at the $11.50 zone, which coincides with the 200-4crolling.
What impact did recent political announcements have?
The bipartisan agreement on a bill to avert a default has had a positive impact on risk-relevant assets, including cryptocurrencies.
This announcement, along with the news of a slight improvement in the University of Michigan's consumer sentiment index, could be beneficial for the stock market as well.
What is the market capitalization and trading volume today?
The total market capitalization is currently stands at $1.21 trillion, while the 24-hour trading volume is estimated at $54.3 billion.
What’s next for the crypto market?
The crypto market is expected to remain volatile in the coming days as investors digest recent political announcements and economic indicators.
Investors will also be keeping an eye on any developments in the regulatory landscape for the crypto industry.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- title: XRP (XRP) Price Will 'Probably' Crash to $1, Predicts Analyst Who Accurately Called Bitcoin (BTC) and Solana (SOL) Corrections
- Mar 06, 2025 at 11:00 am
- A crypto strategist who accurately called the Bitcoin (BTC) and Solana (SOL) correction this year says that the payments altcoin XRP is next in line to witness big price drops. By Lucas Outman
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