Cryptocurrency prices weakened over the past 24 hours due to minor consolidation in the virtual coin market. Trading volumes for some cryptos also fell on Friday after most virtual coins rebounded a day ago.
Bitcoin, the world’s largest cryptocurrency, fell marginally to $47,873.08 or 1.06 per cent over the past 24 hours. The virtual coin’s market capitalisation remains above $900 billion, but the 24-hour trading volume fell.
Ether was trading at $3,546 or 2.54 per cent lower than its price 24 hours ago at 12 pm. The market capitalisation fell to $415 billion and trading volume came down to $914 million.
Popular altcoins including XRP, Cardano, Stellar, Chainlink, Uniswap, Polygon and Litecoin also encountered minor corrections due to weakness in trading volumes.
Commenting on the weakness, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto investment platform, said, “The crypto spectrum witnessed a minor consolidation over the past 24 hours.”
“The two largest cryptocurrencies by market capitalization, Bitcoin and Ether, hovered around their local resistance levels of $48,000 and $3500, respectively. After Elon Musk’s tweet on ‘Floki’, the SHIBA INU token rose more than 41 per cent,” he added.
“Altcoins seem bullish in terms of technicals and traded volumes.”
Here are the latest prices and trends of popular cryptocurrencies:
|Cryptocurrency||Price (US Dollar)||24-hour change||Market cap (Billion)||Volume (24 Hours)|
DISCLAIMER: The cryptocurrency prices have been updated as of 12:15 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.