The crypto price chart was brimming with gains alongside most cryptocurrencies on Friday, April 14th. Bitcoin continued its price rally, posting daily gains of 1.04 percent. The value of bitcoin hit $30,646 (about Rs. 24.9 lakh) on Friday. In the last 24 hours, BTC grew significantly by $587 (approximately Rs. 47,870). Support for BTC stands at $30,400 (about 24.7 lakh), while resistance stands at $30,800 (about 25 lakh), experts have predicted.
After completing its Shanghai upgrade, Ether outshined Bitcoin in terms of bagging profits. On Friday, ETH rose 9.90 percent to hit an eight-month high at $2,107 (about 1.71 lakh). ETH price increased by $199 (about Rs. 16,230) in the last 24 hours, according to Gadgets 360. Crypto price tracker.
ETH is up 135 percent since its lowest cycle in June 2022.
“As expected, liquid staking protocols are in the green, with a market cap of $14.3 billion (approx. ETH is trading in the $2.1k zone, although some saw a massive dump after the Shapella Upgrade fears The crypto fear and greed index is up 7 points to regain the score of 68, indicating increasing investor confidence,” Parth Chaturvedi, Crypto Ecosystem Lead, CoinSwitch, told Gadgets 360.
The surge in BTC and ETH prices paved the way for gains for the majority of altcoins.
These include Binance coin, Cardano, polygon, Solana, SpeckleAnd Litecoin.
avalanche, Tron, chain link, UniswapAnd cosmos also seen gains.
“The crypto market continues to react to the US inflation data. In contrast, Ethereum outperformed BTC by surging over 10 percent and is now trading at the $2,000 (roughly 1.6 lakh) level after the successful Shanghai upgrade. Overall, market sentiment appears bullish at the moment,” Mudrex CEO Edul Patel told Gadgets 360.
The overall valuation of the crypto market increased by 4.37 percent to $1.29 trillion (approximately Rs.1,04,86,788) over the past 24 hours. CoinMarketCap.
For the third day in a row stablecoins tether, USD coinAnd Binance USD offset with losses on the price charts.
Wrapped Bitcoin, MoneroAnd brain trust also reported losses.
“With a credit crunch looming in the US, crypto is regaining its status as a hedge against inflation, making the case for decentralization stronger,” Rajagopal Menon, vice president of WazirX, told Gadgets 360.
Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended to and does not constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be responsible for any loss arising from any investment made based on an accepted recommendation, forecast or other information contained in this article.
