Bitcoin, Ether fall as virtual coins struggle for support




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Cryptocurrency prices fell amid increased volatility on Thursday as popular virtual coins struggled to find support.

Bitcoin, the world’s most popular cryptocurrency, was down nearly 1 per cent from its value 24 hours ago at 2:00 pm. The cryptocurrency was trading at $44,663.95 and its market capitalisation dipped to $839.24 billion.

Ether was also down by nearly 0.9 per cent and remained traded just over $3,000. The cryptocurrency’s market capitalisation fell to $351.53 billion.

Cryptocurrency highlights | Check yesterday’s prices

While some popular altcoins like XRP, Cardano, Dogecoin, Stellar and Polkadot were trading in the green, others like Litecoin Chainlink, Polygon and Uniswap fell.

Experts have suggested that the cryptocurrency market is witnessed a period of high volatility.

Commenting on the current market trajectory, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The crypto markets are currently finding it difficult to find support. The past 24 hours were a period of intense volatility.”

“The largest crypto by market cap, Bitcoin, inched closer to the $46,000 level below falling back to just above $44,000,” he added.

“The entire market felt the shock of this volatility with a similar selloff across the spectrum.”

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

44,662.93

-1.11%

$839.22

$33.57 billion

Ether

2,999.50

-1.36%

$351.24

$21.01 billion

Dogecoin

0.30039

2.12%

$39.28

$4.54 billion

Litecoin

166.93

-1.32%

$11.40

$1.74 billion

XRP

1.13

1.87%

$112.70

$7.14 billion

Cardano

2.11

5.06%

$68.17

$4.24 billion

DISCLAIMER: The cryptocurrency prices have been updated as of 02:22 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.



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